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GoDaddy Reports Upbeat Q4 Earnings, Positive Q1 Guidance, CFO Retirement

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  • GoDaddy Inc (NYSE: GDDY) announced that its CLO Nima Kelly and CFO Ray Winborne would retire in 2021. Kelly and Winborne will remain in their positions to facilitate the transitions as the company has initiated a search for their successors.
  • GoDaddy’s also reported revenue growth of 12% year-on-year to $873.9 million in the fourth quarter of FY20.
  • Domains revenue rose 14.2%, Hosting and Presence revenue increased 5.5%, Business Applications revenue rose 20.4%, and International revenue rose 12.2%.
  • Total bookings and customers grew by 13.1% and 7.1% leading to an annual revenue per user ARPU) growth of 5.1%.
  • Net income rose 16.5% to $70.5 million and EPS rose 20.6% to $0.41.
  • The operating cash flow improved 2.3% to $165.9 million, and cash and equivalents stood at $765.2 million, while total debt stood at $3.1 billion.
  • The revenue outlook for Q1 FY20 stands at $885 million, higher than the analyst estimate of $878.5 million.
  • Price action: GDDY shares are down 0.92% at $92 in the pre-market session on the last check Friday.
 

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Posted-In: Earnings News Guidance Management Tech Media

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