GoDaddy Q1 2023 Earnings Report

GoDaddy EPS Results

• Actual EPS: $0.30
• Consensus EPS: $0.52
• Beat/Miss: Missed by -$0.22
• One Year Ago EPS: $0.41

GoDaddy Revenue Results

• Actual Revenue: $1.04 billion
• Expected Revenue: $1.04 billion
• Beat/Miss: Missed by -$5.13 million
• YoY Revenue Growth: +3.30%

GoDaddy Announcement Details

• Quarter: Q1 2023
• Date: 5/4/2023
• Time: After Market Closes

GoDaddy (NYSE:GDDY) engages in the design and development of cloud-based products in the United States and internationally. It operates through two segments: Applications and Commerce, and Core Platform. The Applications and Commerce segment provides applications products, including Websites + Marketing, a mobile-optimized online tool that enables customers to build websites and e-commerce enabled online stores; and Managed WordPress, a streamlined and optimized website building that allows customers to easily build and manage a faster WordPress site; Managed WooCommerce Stores to sell anything and anywhere online; and marketing tools and services, such as GoDaddy Studio mobile application, search engine optimization, Meta and Google My Business, and email and social media marketing designed to help businesses acquire and engage customers and create content. The segment also offers connected commerce comprising Smart Terminal, a dual screen all-in-one Point-of-Sale system that allows customers to manage in-store inventory and product catalogs and take payments; GoDaddy Payments, a payment facilitator that enables customers to accept all major forms of payments; and email service plans with a multi-feature web interface, and Microsoft Office 365 accounts that connects to customers' domains. The Core Platform segment offers domain products, including primary registrations, domain aftermarket platform, and domain name add-ons, as well as GoDaddy Registry, a provider of domain name registry services; and hosting and security services comprising shared website hosting, virtual private servers, and managed wordpress hosting services, as well as security products with a comprehensive suite of tools designed to help secure customers' online presence. The company serves small businesses, individuals, organizations, developers, designers, and domain investors. GoDaddy Inc. was founded in 1997 and is headquartered in Tempe, Arizona.