GoDaddy Q1 revenue $1.036B (+3.3% YoY); net income down 31% on restructuring

GoDaddy Inc.

Revenue $1.036B (+3.3% YoY); net income $47.4M (-30.9% YoY) includes $52.3M restructuring charges.
Applications & Commerce revenue $338M (+12% YoY), ARR $1.3B (+9%); core platform ARR $2.2B (+1%).
GoDaddy Payments annualized GPV surpasses $1B; total bookings $1.199B (+3.7%).
Q2 revenue guidance $1.045B-$1.065B (midpoint ~+4%); FY 2023 revenue target $4.25B-$4.325B.
Free cash flow Q1 $259.2M; FY 2023 FCF guidance ~$1.0B (+3% YoY).

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

GoDaddy Inc. reported financial results for first quarter that ended March 31, 2023.

Period: first quarter that ended March 31, 2023
Result: reported results

Exact text from the filing

On May 4, 2023, GoDaddy Inc. issued a press release and will hold a conference call announcing its financial results for the quarter ended March 31, 2023.

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GoDaddy Inc. filing history →

Source: SEC EDGAR

accession 0001609711-23-000080

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