earnings
confidence high
sentiment positive
materiality 0.75
GoDaddy Q3 net income up 31% to $131M; A&C revenue +11%; NEBITDA margin 28% ahead of schedule
GoDaddy Inc.
- Net income $131M (+31% YoY); total revenue $1.07B (+3.5% YoY, +3.8% constant currency).
- Applications & Commerce revenue $363M (+11.4% YoY); segment ARR $1.4B (+11% YoY).
- Normalized EBITDA $296M (+12.7% YoY); margin 28%, 90bps expansion, achieving 2023 target one quarter early.
- Year-to-date share repurchases of $1.3B; cumulative share count reduction of 20% as of October 2023.
- Launched GoDaddy Airo AI experience; Core Platform revenue flat YoY at $706M.