earnings
confidence high
sentiment neutral
materiality 0.70
GoDaddy Q2 2023: Revenue up 3.2% to $1.048B; Apps & Commerce grows 11%; net income $83M
GoDaddy Inc.
- Net income of $83.1M (down 8% YoY); Normalized EBITDA $264.6M, up 2.4%.
- Apps & Commerce revenue $352M (+11% YoY); Core Platform flat at $696M.
- Repurchased $746M in shares through July, reducing fully diluted shares by 16%.
- Announced incremental $1B share buyback authorization through 2025.
- Refinanced $1.8B term loans, reducing interest margin by 0.75% saving $13M annual interest.