GoDaddy (GDDY) reported earnings 30 days ago. What's next for the stock?
I'm bullish on GoDaddy because of its strong free cash flow generation, projected to reach $1.6 billion in 2025, making its 18x valuation enticing. I believe GoDaddy's focus on pricing, bundling, and AI-driven innovations positions it for sustained revenue growth and profitability. I recognize that GoDaddy's $3.1 billion net debt is a risk, but its operational efficiencies and consistent cash flow mitigate my concerns.
GDDY's promising growth prospects make it a compelling investment option. However, its stretched valuation suggests waiting for a better entry point.
Mark McCaffrey, CFO of GoDaddy (GDDY), joins Oliver Renick to discuss the direction of the business after posting a third-quarter earnings beat. He says a "sweet spot" of GoDaddy's customer base is entrepreneurs and micro-businesses.
GoDaddy's Q3 results showcase strong growth in Applications and Commerce, with an expanding outlook highlighting continuing momentum.
GoDaddy, Inc. (NYSE:GDDY ) Q3 2024 Earnings Conference Call October 30, 2024 5:00 PM ET Company Participants Christie Masoner - VP of Investor Relations Aman Bhutani - Chief Executive Officer Mark McCaffrey - Chief Financial Officer Conference Call Participants Trevor Young - Barclays Ken Wong - Oppenheimer Ygal Arounian - Citi Elizabeth Elliott - Morgan Stanley Josh Beck - Raymond James Ella Smith - JPMorgan Chris Zhang - UBS Naved Khan - B. Riley Securities Clarke Jeffries - Piper Sandler Christie Masoner Welcome to GoDaddy's Third Quarter 2024 Earnings Call.
While the top- and bottom-line numbers for GoDaddy (GDDY) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
GoDaddy (GDDY) came out with quarterly earnings of $1.32 per share, beating the Zacks Consensus Estimate of $1.25 per share. This compares to earnings of $0.89 per share a year ago.
Internet services provider GoDaddy raised its forecast for 2024 sales on Wednesday, as it sees upbeat demand for its services from businesses expanding their presence online towards the end of the year.
Beyond analysts' top -and-bottom-line estimates for GoDaddy (GDDY), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended September 2024.
GoDaddy (GDDY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Here is how GoDaddy (GDDY) and TSMC (TSM) have performed compared to their sector so far this year.