secwatch.observer — SEC 8-K summary
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Issuer:     GoDaddy Inc. (GDDY)
CIK:        0001609711
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0001609711-23-000080
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1609711/000160971123000080/0001609711-23-000080-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1609711/000160971123000080/gddy-20230504.htm
  HTML page:      https://secwatch.observer/filing/0001609711-23-000080

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer