NYSE$GDDY
GoDaddy Inc. · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
GoDaddy's Q3 2024 financial results were released, showcasing profitable growth, strong cash generation, and share repurchases.
GoDaddy reported a solid third quarter with total revenue of $1.15 billion, up 7% year-over-year, and net income of $190.5 million, up 45% year-over-year. The company continues to roll out its innovative GoDaddy Airo™ AI-powered experience.
- Total revenue reached $1.15 billion, a 7% increase year-over-year.
- Applications and Commerce (A&C) revenue grew by 16% year-over-year, reaching $423.1 million.
- Core Platform revenue totaled $724.5 million, a 3% increase year-over-year.
- Net income increased by 45% year-over-year, reaching $190.5 million.
Headline financials
Revenue & EPS history
GoDaddy · Revenue · Quarterly
$1.15B
Revenue by segment
GoDaddy · $363M total across 1 segment · Q3 2023
- Applications and Commerce$363M+11.4%100.0%
Forward guidance
GoDaddy raised its revenue expectations to a range of $4.545 billion to $4.565 billion for the full year ending December 31, 2024, representing year-over-year growth of 7% at the midpoint. GoDaddy expects total revenue in the range of $1.165 billion to $1.185 billion for the fourth quarter ending December 31, 2024.
Tailwinds
- Revenue expectations raised to $4.545B - $4.565B for full year 2024.
- Year-over-year revenue growth of 7% expected.
- NEBITDA margin expected to be approximately 30%.
- A&C revenue growth in the mid-teens.
- Unlevered free cash flow target raised to at least $1.475 billion.
Headwinds
- Projections of changes in individual balance sheet amounts are not possible without unreasonable effort.
- Macroeconomic conditions and developments in the economy, financial markets and credit markets.
- Continued escalation of geopolitical tensions.
- The level of interest rates and inflationary pressures.
- Ability to remediate the identified material weakness in internal control over financial reporting and to maintain effective internal control over financial reporting.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2024
+1.3%
Avg return
Earnings day
+0.4%
Avg return
5 days after
+1.5%
Avg return
30 days after
55%
24 / 44 earnings
Positive
+18.0%
Q3 2015
Best reaction
-14.3%
Q4 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +1.2% | +2.0% | -0.2% | |
| Q4 2025 | -1.7% | -4.4% | -13.4% | |
| Q3 2025 | +6.6% | +5.0% | +0.9% | |
| Q1 2025 | -8.6% | -4.8% | -5.3% | |
| Q4 2024 | -14.3% | -16.9% | -17.1% | |
| Q3 2024 | +3.4% | +2.6% | +22.4% | |
| Q2 2024 | +4.0% | +4.5% | +15.1% | |
| Q1 2024 | +1.1% | +7.4% | +14.2% | |
| Q4 2023 | -0.7% | -2.1% | +4.3% | |
| Q3 2023 | +16.5% | +18.4% | +38.9% | |
| Q2 2023 | -7.7% | -6.2% | -3.8% | |
| Q1 2023 | -2.5% | -3.0% | +6.1% | |
| Q4 2022 | -0.9% | -4.2% | -10.1% | |
| Q3 2022 | -8.3% | -4.8% | +6.9% | |
| Q2 2022 | +4.5% | +7.0% | +1.2% | |
| Q1 2022 | -4.2% | -14.5% | -11.0% | |
| Q4 2021 | +7.6% | +15.2% | +4.4% | |
| Q3 2021 | +10.9% | +5.9% | +2.6% | |
| Q2 2021 | -13.0% | -12.3% | -10.8% | |
| Q1 2021 | -1.5% | -1.9% | -1.9% | |
| Q4 2020 | -6.5% | -7.3% | -21.1% | |
| Q3 2020 | +2.2% | -4.7% | +13.1% | |
| Q2 2020 | +7.9% | +6.0% | +8.6% | |
| Q1 2020 | +6.4% | +10.0% | +14.5% | |
| Q4 2019 | +10.6% | +9.5% | -22.5% | |
| Q3 2019 | +17.5% | +11.0% | +8.3% | |
| Q2 2019 | -4.0% | -11.4% | -13.7% | |
| Q1 2019 | -2.1% | -3.1% | -8.3% | |
| Q4 2018 | +4.4% | +3.7% | +3.2% | |
| Q3 2018 | -8.9% | -11.7% | -9.8% | |
| Q2 2018 | +1.3% | +2.4% | +8.6% | |
| Q1 2018 | +4.2% | +4.8% | +9.4% | |
| Q4 2017 | +10.4% | +8.4% | +9.5% | |
| Q3 2017 | +3.7% | +2.8% | -0.2% | |
| Q2 2017 | +3.1% | -2.6% | +3.2% | |
| Q1 2017 | -3.1% | -2.0% | +4.7% | |
| Q4 2016 | -1.3% | +1.0% | +2.3% | |
| Q3 2016 | -5.7% | -6.9% | -5.7% | |
| Q2 2016 | +8.3% | +13.6% | +11.4% | |
| Q1 2016 | -1.5% | — | — | |
| Q4 2015 | +3.4% | — | — | |
| Q3 2015 | +18.0% | — | — | |
| Q2 2015 | -8.3% | — | — | |
| Q1 2015 | +3.2% | — | — | |
| Q4 2014 | — | — | — | |
| Q3 2014 | — | — | — | |
| Q2 2014 | — | — | — | |
| Q1 2014 | — | — | — | |
| Q4 2013 | — | — | — | |
| Q3 2013 | — | — | — | |
| Q2 2013 | — | — | — | |
| Q1 2013 | — | — | — |
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