secwatch.observer — SEC 8-K summary
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Issuer:     GoDaddy Inc. (GDDY)
CIK:        0001609711
Form:       8-K
Filed at:   2024-02-13T23:59:59+00:00
Accession:  0001609711-24-000016
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GoDaddy Q4 revenue $1.1B (+6% YoY); net income $1.1B includes $1B tax benefit; NEBITDA margin 29.5%
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- Q4 total revenue $1.10B (+5.8% YoY); Apps & Commerce revenue $377.4M (+13.2%).
- Q4 net income $1.13B (vs $93.8M) includes ~$1B non-cash tax benefit from valuation allowance release.
- Q4 Normalized EBITDA $324.2M (+21.9% YoY), margin 29.5% (up 390 bps); free cash flow $305.1M (+51.3%).
- FY2023 revenue $4.25B (+4%); Normalized EBITDA $1.13B (+12%); free cash flow $1.08B (+12%).
- GoDaddy launched AI platform GoDaddy Airo in U.S.; terminated legacy Up-C structure effective Jan 1, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1609711/000160971124000016/0001609711-24-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1609711/000160971124000016/gddy-20240213.htm
  HTML page:      https://secwatch.observer/filing/0001609711-24-000016

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