Technology
GoDaddy Reports Strong Fourth Quarter and Full Year 2024 Results
Published
1 year agoon
By
Company continues its track record of profitable growth and strong cash generation
TEMPE, Ariz., Feb. 13, 2025 /PRNewswire/ — GoDaddy Inc. (NYSE: GDDY) today reported financial results for the fourth quarter and full year that ended December 31, 2024.
“GoDaddy demonstrated strong operational execution and financial performance in 2024, making significant progress across our key strategic initiatives,” said GoDaddy CEO Aman Bhutani. “Looking ahead to 2025, we are excited to further innovate around GoDaddy Airo, enhance our integrated technology platform and create even more value for our customers.”
“GoDaddy delivered strong 2024 financial results and we have an exciting path ahead for continued shareholder value creation,” said GoDaddy CFO Mark McCaffrey. “We remain dedicated to executing on our strategy, optimizing topline growth and profitability to drive us toward our North Star of maximizing free cash flow over the long term.”
Full Year 2024 Business and Financial Highlights
Total revenue of $4.6 billion, up 8% year-over-year, on a reported and constant currency basis.Total bookings of $5.0 billion, up 9% year-over-year, and 10% on a constant currency basis.Net income of $936.9 million, down 32% year-over-year, representing a 20% margin. Net income for the year ended December 31, 2023 was inclusive of a non-routine, non-cash income tax benefit related to the release of the majority of our valuation allowance.Normalized EBITDA (NEBITDA) of $1.4 billion, up 23% year-over-year, representing a 31% margin.Net cash provided by operating activities of $1.3 billion, up 23% year-over-year.Free cash flow of $1.4 billion, up 25% year-over-year.Gross payments volume (GPV) from GoDaddy’s commerce offerings grew to $2.6 billion, up 55% year-over-year.
Fourth Quarter 2024 Business and Financial Highlights
Total revenue of $1.2 billion, up 8% year-over-year on a reported and constant currency basis.Total bookings of $1.2 billion, up 9% year-over-year on a reported and constant currency basis.Net income of $198.6 million, down 82% year-over-year, representing a 17% margin. Net income for the fourth quarter of 2023 was inclusive of a non-routine, non-cash income tax benefit related to the release of the majority of our valuation allowance.NEBITDA of $384.7 million, up 19% year-over-year, representing a 32% margin.Net cash provided by operating activities of $340.5 million, up 14% year-over-year.Free cash flow of $342.0 million, up 12% year-over-year.GoDaddy continued the feature set expansion of its AI-powered, business-in-a-box GoDaddy Airo® experience, including launching the Airo Plus tier, offering advanced logos and imagery, AI-powered marketing tools and enhanced WordPress site building capabilities.In support of the WordPress community and its contributors, GoDaddy donated $0.5 million to The WP Community Collective as well as launched a re-architected Managed WordPress Hosting platform, delivering enhanced performance, scalability and security.
Consolidated Fourth Quarter and Full Year Financial Highlights
Three Months Ended
December 31,
Year Ended
December 31,
2024
2023
Change
Constant
Currency
2024
2023
Change
Constant
Currency
(in millions, except customers in thousands and ARPU in dollars)
GAAP Results
Total revenue
$ 1,192.6
$ 1,100.3
8.4 %
8.5 %
$ 4,573.2
$ 4,254.1
7.5 %
7.5 %
Applications and commerce
revenue
$ 441.2
$ 377.4
16.9 %
$ 1,653.0
$ 1,430.4
15.6 %
Core platform revenue
$ 751.4
$ 722.9
3.9 %
$ 2,920.2
$ 2,823.7
3.4 %
International revenue
$ 380.4
$ 353.9
7.5 %
7.8 %
$ 1,459.8
$ 1,381.1
5.7 %
5.8 %
Net income(1)
$ 198.6
$ 1,114.1
(82.2) %
$ 936.9
$ 1,375.6
(31.9) %
Net cash provided by operating
activities
$ 340.5
$ 297.7
14.4 %
$ 1,287.7
$ 1,047.6
22.9 %
Segment EBITDA – A&C
$ 206.2
$ 164.8
25.1 %
$ 739.3
$ 594.2
24.4 %
Segment EBITDA margin – A&C
46.7 %
43.7 %
300 bps
44.7 %
41.5 %
320 bps
Segment EBITDA – Core
$ 256.5
$ 227.8
12.6 %
$ 931.7
$ 816.4
14.1 %
Segment EBITDA margin – Core
34.1 %
31.5 %
260 bps
31.9 %
28.9 %
300 bps
Non-GAAP Results(2)
Normalized EBITDA (NEBITDA)
$ 384.7
$ 324.2
18.7 %
$ 1,395.9
$ 1,134.5
23.0 %
NEBITDA margin
32.3 %
29.5 %
280 bps
30.5 %
26.7 %
380 bps
Unlevered free cash flow
$ 379.0
$ 346.6
9.3 %
$ 1,505.7
$ 1,254.2
20.1 %
Free cash flow
$ 342.0
$ 305.1
12.1 %
$ 1,355.5
$ 1,084.4
25.0 %
Operating and Business Metrics
Total bookings
$ 1,222.5
$ 1,123.9
8.8 %
8.9 %
$ 5,038.8
$ 4,603.1
9.5 %
9.7 %
Total customers at period end
20,511
21,026
(2.4) %
20,511
21,026
(2.4) %
Average revenue per user (ARPU)
$ 220
$ 203
8.4 %
$ 220
$ 203
8.4 %
Annualized Recurring Revenue
(ARR)
$ 4,042.6
$ 3,729.3
8.4 %
$ 4,042.6
$ 3,729.3
8.4 %
_______________________________
(1) Net income for the three months and the year ended December 31, 2024 includes $9.7 million and $39.4 million, respectively, in restructuring and other charges. In addition, the year ended December 31, 2024 includes a non-routine, non-cash benefit to income taxes of $267.4 million related to the conversion of our Desert Newco, LLC subsidiary from a partnership to a disregarded entity for U.S. income tax purposes. Net income for the year ended December 31, 2023 included a $971.8 million benefit for income taxes primarily due to a $1.0 billion release of the majority of our domestic valuation allowance during the fourth quarter.
(2) Reconciliations of our non-GAAP results to their most directly comparable GAAP financial measures are set forth in “Reconciliation of Non-GAAP Financial Measures” below.
Balance Sheet
At December 31, 2024, total cash and cash equivalents and short-term investments were $1.1 billion, total debt was $3.9 billion and net debt was $2.8 billion.
Debt Refinancing
In December 2024, GoDaddy entered into an amendment to its credit agreement to refinance $1.5 billion of term loans and secure an interest rate margin reduction of 0.25%.
Business Outlook
For the first quarter ending March 31, 2025, GoDaddy expects total revenue in the range of $1.175 billion to $1.195 billion, representing year-over-year growth of 7% at the midpoint, versus the same period in 2024. For the full year ending December 31, 2025, GoDaddy is targeting total revenue in the range of $4.860 billion to $4.940 billion, representing year-over-year growth of 7% at the midpoint, versus the $4.573 billion of revenue generated for the full year ended December 31, 2024.
For the first quarter ending March 31, 2025, GoDaddy expects Normalized EBITDA margin of approximately 30%. For the full year ending December 31, 2025, GoDaddy expects Normalized EBITDA margin expansion of approximately 100 basis points.
For the full year ending December 31, 2025, GoDaddy expects free cash flow of at least $1.500 billion, versus the $1.356 billion of free cash flow generated in 2024.
Modeling Guide
2025
Capital expenditures
~ $30 million
Cash interest on long-term debt
~ $150 million
Cash income taxes
~ $30 million
GoDaddy’s consolidated financial statements are prepared in accordance with generally accepted accounting principles in the United States (GAAP). GoDaddy does not provide reconciliations of forward-looking non-GAAP measures to the most directly comparable forward-looking GAAP equivalents, because projections of changes in individual balance sheet amounts are not possible without unreasonable effort, and presentation of such reconciliations would imply an inappropriate degree of precision. For non-forward-looking non-GAAP measures, a reconciliation to the nearest GAAP equivalent is included in this press release following the financial statements.
Quarterly Earnings Webcast
GoDaddy will host a webcast to discuss fourth quarter and full year 2024 results at 5:00 p.m. Eastern Time on February 13, 2025. To participate in the webcast, please preregister online at https://investors.godaddy.net/investor-relations/overview/default.aspx. A live webcast of the event, together with a slide presentation including supplemental financial information and reconciliations of certain non-GAAP measures to their nearest comparable GAAP measures, will be available through GoDaddy’s Investor Relations website at https://investors.godaddy.net. A transcript of prerecorded remarks will be available on the Investor Relations website at the time of the webcast. Following the event, a recorded replay of the webcast will be available on the website.
GoDaddy uses its Investor Relations website at https://investors.godaddy.net as a means of disclosing material non-public information and to comply with its disclosure obligations under Regulation FD. Accordingly, investors should monitor GoDaddy’s Investor Relations website, in addition to following press releases, Securities and Exchange Commission (SEC) filings, public conference calls and webcasts.
Forward-Looking Statements
This press release contains forward-looking statements which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on estimates and information available to us at the time of this press release and are not guarantees of future performance. Statements in this press release involve risks, uncertainties and assumptions. If the risks or uncertainties materialize or the assumptions prove incorrect, our results may differ materially from those expressed or implied by such forward-looking statements. All statements other than statements of historical fact could be deemed forward-looking statements, including, but not limited to any statements regarding: our business outlook; launches of new or expansion of existing products or services, including GoDaddy Airo, any projections of product or service availability, technology developments and innovation, customer growth, or other future events; historical results that may suggest future trends for our business; our plans, strategies or objectives with respect to future operations, partnerships and partner integrations and marketing strategy; future financial results; our ability to integrate acquisitions and achieve desired synergies and vertical integration; the expected impact of our debt repricing; our forecasted levels of future taxable income and ability to realize our deferred tax assets; and assumptions underlying any of the foregoing.
Actual results could differ materially from our current expectations as a result of many factors, including, but not limited to: the unpredictable nature of our rapidly evolving market; fluctuations in our financial and operating results; our rate of growth; interruptions or delays in our service or our web hosting; our dependence on payment card networks and acquiring processors; breaches of our security measures; the impact of any previous or future acquisitions or divestitures; our ability to continue to release, and gain customer acceptance of, our existing and future products and services; our ability to deploy new and evolving technologies, such as artificial intelligence, machine learning, data analytics and similar tools, in our offerings; our ability to manage our growth; our ability to hire, retain and motivate employees; the effects of competition; technological, regulatory and legal developments; intellectual property litigation; the impact of our restructuring efforts; macroeconomic conditions and developments in the economy, financial markets and credit markets; continued escalation of geopolitical tensions; the level of interest rates and inflationary pressures; and execution of share repurchases.
Additional risks and uncertainties that could affect GoDaddy’s business and financial results are included in the filings we make with the SEC from time to time, including those described in “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our most recently filed period reports on Form 10-K and Form 10-Q, which are available on our website at https://investors.godaddy.net and on the SEC’s website at www.sec.gov. Additional information will also be set forth in other filings that GoDaddy makes with the SEC from time to time. All forward-looking statements in this press release are based on information available to GoDaddy as of the date hereof. Except to the extent required by law, GoDaddy does not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.
Non-GAAP Financial Measures and Other Operating and Business Metrics
In addition to our financial results prepared in accordance with GAAP, this press release includes certain non-GAAP financial measures and other operating and business metrics. We believe that these non-GAAP financial measures and other metrics are useful as a supplement in evaluating our ongoing operational performance and enhancing an overall understanding of our past financial performance. The non-GAAP financial measures included in this press release should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. In addition, similarly titled measures may be calculated differently by other companies and may not be comparable. A reconciliation between each non-GAAP financial measure and its nearest GAAP equivalent is included in this press release following the financial statements. We use both GAAP and non-GAAP measures to evaluate and manage our operations.
Total bookings. Total bookings is an operating metric representing the total value of customer contracts entered into during the period, excluding refunds. We believe total bookings provides additional insight into the performance of our business and the effectiveness of our marketing efforts since we typically collect payment at the inception of a customer contract but recognize revenue ratably over the term of the contract.
Constant currency. Constant currency is calculated by translating bookings and revenue for each month in the current period using the foreign currency exchange rates for the corresponding month in the prior period, excluding any hedging gains or losses realized during the period. We believe constant currency information is useful in analyzing underlying trends in our business by eliminating the impact of fluctuations in foreign currency exchange rates and allows for period-to-period comparisons of our performance.
Normalized EBITDA (NEBITDA). NEBITDA is a supplemental measure of our operating performance used by management to evaluate our business. We calculate NEBITDA as net income excluding depreciation and amortization, interest expense (net), provision or benefit for income taxes, equity-based compensation expense, acquisition-related costs, restructuring-related expenses and certain other items. We believe that the inclusion or exclusion of certain recurring and non-recurring items provides a supplementary measure of our core operating results and permits useful alternative period-over-period comparisons of our operations. NEBITDA should not be viewed as a substitute for comparable GAAP measures.
NEBITDA margin. NEBITDA margin is used by management as a supplemental measure of our operating performance and refers to the ratio of NEBITDA to revenue, expressed as a percentage.
Unlevered free cash flow. Unlevered free cash flow is a measure of our liquidity used by management to evaluate our business prior to the impact of our capital structure and restructuring and after purchases of property and equipment. Such liquidity can be used by us for strategic opportunities and strengthening our balance sheet. However, given our debt obligations, unlevered free cash flow does not represent residual cash flow available for discretionary expenses.
Free cash flow. Free cash flow is defined as our unlevered free cash flow less interest payments for the period. We use free cash flow as a supplemental measure of our liquidity, including our ability to generate cash flow in excess of capital requirements and return cash to shareholders, though it should not be considered as an alternative to, or more meaningful than, comparable GAAP measures.
Net debt. We define net debt as total debt less cash and cash equivalents and short-term investments. Total debt consists of the current portion of long-term debt plus long-term debt and unamortized original issue discount and debt issuance costs. Our management reviews net debt as part of its management of our overall liquidity, financial flexibility, capital structure and leverage and we believe such information is useful to investors. Furthermore, certain analysts and debt rating agencies monitor our net debt as part of their assessments of our business.
Gross payments volume (GPV). GPV is an operating metric calculated by annualizing the total quarterly dollar value of transactions processed through our payments platform. GPV is representative of the volume of transactions in which we record transaction revenue based on our payment processing rate.
Annualized recurring revenue (ARR). ARR is an operating metric defined as annualized quarterly recurring GAAP revenue, net of refunds, from new and renewed subscription-based services. ARR is exclusive of any revenue that is non-recurring, including, without limitation, domain aftermarket, domain transfers, one-time set-up or migration fees and non-recurring professional website services fees. We believe ARR helps illustrate the scale of certain of our products and facilitates comparisons to other companies in our industry.
Average revenue per user (ARPU). We calculate ARPU as total revenue during the preceding 12 month period divided by the average of the number of total customers at the beginning and end of the period. ARPU is one measure that provides insight into our ability to sell additional products to our customers.
Total customers. We define a customer as an individual or entity, each with a unique account and paid transactions in the trailing twelve months or with paid subscriptions as of the end of the period. Total customers is one way we measure the scale of our business and can be a contributing factor to our ability to increase our revenue base.
About GoDaddy
GoDaddy helps millions of entrepreneurs globally start, grow, and scale their businesses. People come to GoDaddy to name their idea, build a website and logo, sell their products and services, and accept payments. GoDaddy Airo®, the company’s AI-powered experience, makes growing a small business faster and easier by helping them to get their idea online in minutes, drive traffic and boost sales. GoDaddy’s expert guides are available 24/7 to provide assistance. To learn more about the company, visit www.GoDaddy.com.
GoDaddy Inc.
Consolidated Statements of Operations (unaudited)
(In millions, except shares in thousands and per share amounts)
Three Months Ended
December 31,
Year Ended
December 31,
2024
2023
2024
2023
Revenue:
Applications and commerce
$ 441.2
$ 377.4
$ 1,653.0
$ 1,430.4
Core platform
751.4
722.9
2,920.2
2,823.7
Total revenue
1,192.6
1,100.3
4,573.2
4,254.1
Costs and operating expenses(1):
Cost of revenue (excluding depreciation and amortization)
421.8
402.2
1,652.0
1,573.6
Technology and development
200.5
203.8
814.4
839.6
Marketing and advertising
91.8
84.6
356.9
352.9
Customer care
68.9
74.3
287.5
304.5
General and administrative
112.1
95.6
394.2
374.0
Restructuring and other
9.7
11.2
39.4
90.8
Depreciation and amortization
32.2
38.7
135.3
171.3
Total costs and operating expenses
937.0
910.4
3,679.7
3,706.7
Operating income
255.6
189.9
893.5
547.4
Interest expense
(38.1)
(43.6)
(158.3)
(179.0)
Loss on debt extinguishment
(1.5)
—
(4.6)
(1.5)
Other income (expense), net
10.3
1.2
34.8
36.9
Income before income taxes
226.3
147.5
765.4
403.8
Benefit (provision) for income taxes
(27.7)
966.6
171.5
971.8
Net income
198.6
1,114.1
936.9
1,375.6
Less: net income attributable to non-controlling interests
—
0.2
—
0.8
Net income attributable to GoDaddy Inc.
$ 198.6
$ 1,113.9
$ 936.9
$ 1,374.8
Net income attributable to GoDaddy Inc. per share of Class A common
stock:
Basic
$ 1.40
$ 7.88
$ 6.63
$ 9.27
Diluted
$ 1.36
$ 7.72
$ 6.45
$ 9.08
Weighted-average shares of Class A common stock outstanding:
Basic
141,694
141,418
141,250
148,296
Diluted
145,582
144,253
145,287
151,452
____________________________________
(1) Costs and operating expenses include equity-based compensation expense as follows:
Cost of revenue
$ 0.3
$ 0.2
$ 0.9
$ 1.3
Technology and development
39.8
39.2
155.2
162.4
Marketing and advertising
8.0
6.9
30.9
27.9
Customer care
5.2
6.1
21.6
24.1
General and administrative
24.2
16.3
90.5
78.3
Restructuring and other
—
—
0.8
2.3
Total equity-based compensation expense
$ 77.5
$ 68.7
$ 299.9
$ 296.3
GoDaddy Inc.
Consolidated Balance Sheets (unaudited)
(In millions, except per share amounts)
December 31,
2024
2023
Assets
Current assets:
Cash and cash equivalents
$ 1,089.0
$ 458.8
Short-term investments
—
40.0
Accounts and other receivables
91.1
76.6
Registry deposits
34.5
37.3
Prepaid domain name registry fees
492.0
466.0
Prepaid expenses and other current assets
245.2
177.2
Total current assets
1,951.8
1,255.9
Property and equipment, net
156.4
185.3
Operating lease assets
49.4
60.8
Prepaid domain name registry fees, net of current portion
224.8
209.0
Goodwill
3,518.9
3,569.3
Intangible assets, net
1,055.8
1,158.6
Deferred tax assets
1,181.5
1,020.4
Other assets
96.8
105.6
Total assets
$ 8,235.4
$ 7,564.9
Liabilities and stockholders’ equity
Current liabilities:
Accounts payable
$ 81.6
$ 148.1
Accrued expenses and other current liabilities
378.6
442.2
Deferred revenue
2,222.3
2,074.9
Long-term debt
15.9
17.9
Total current liabilities
2,698.4
2,683.1
Deferred revenue, net of current portion
883.2
802.4
Long-term debt, net of current portion
3,779.1
3,798.5
Operating lease liabilities, net of current portion
76.7
90.2
Other long-term liabilities
85.7
90.7
Deferred tax liabilities
20.2
37.8
Commitments and contingencies
Stockholders’ equity:
Preferred stock, $0.001 par value
—
—
Class A common stock, $0.001 par value
0.1
0.1
Class B common stock, $0.001 par value
—
—
Additional paid-in capital
2,611.8
2,271.6
Accumulated deficit
(2,052.3)
(2,320.7)
Accumulated other comprehensive income
132.5
111.2
Total stockholders’ equity
692.1
62.2
Total liabilities and stockholders’ equity
$ 8,235.4
$ 7,564.9
GoDaddy Inc.
Consolidated Statements of Cash Flows (unaudited)
(In millions)
Year Ended
December 31,
2024
2023
Operating activities
Net income
$ 936.9
$ 1,375.6
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
135.3
171.3
Equity-based compensation
299.9
296.3
(Gain) loss on derivative instruments
(16.8)
(12.0)
Deferred taxes
(177.8)
(993.2)
Other
49.0
79.1
Changes in operating assets and liabilities, net of amounts acquired:
Prepaid domain name registry fees
(42.3)
(41.9)
Accounts payable
(65.5)
28.3
Accrued expenses and other current liabilities
0.3
56.2
Deferred revenue
235.4
149.2
Other operating assets and liabilities
(66.7)
(61.3)
Net cash provided by operating activities
1,287.7
1,047.6
Investing activities
Maturities (purchases) of short-term investments
40.0
(40.0)
Purchases of intangible assets
—
(35.4)
Purchases of property and equipment
(26.6)
(42.0)
Other investing activities, net
8.1
15.0
Net cash provided by (used in) investing activities
21.5
(102.4)
Financing activities
Proceeds received from:
Issuance of term loans
4,214.8
1,759.9
Stock option exercises
6.9
19.6
Issuance of Class A common stock under employee stock purchase plan
31.8
30.0
Payments made for:
Repurchases of Class A common stock
(676.5)
(1,270.2)
Repayment of term loans
(4,237.1)
(1,786.3)
Other financing obligations
(17.3)
(14.7)
Net cash used in financing activities
(677.4)
(1,261.7)
Effect of exchange rate changes on cash and cash equivalents
(1.6)
1.3
Net decrease in cash and cash equivalents
630.2
(315.2)
Cash and cash equivalents, beginning of period
458.8
774.0
Cash and cash equivalents, end of period
$ 1,089.0
$ 458.8
Reconciliation of Non-GAAP Financial Measures
The following tables reconcile each non-GAAP financial measure to its most directly comparable GAAP financial measure:
Three Months Ended
December 31,
Year Ended
December 31,
2024
2023
2024
2023
NEBITDA and NEBITDA Margin:
(in millions)
Net income
$ 198.6
$ 1,114.1
$ 936.9
$ 1,375.6
Depreciation and amortization
32.2
38.7
135.3
171.3
Equity-based compensation expense(1)
77.5
68.7
299.1
294.0
Interest expense, net of interest income
28.0
40.2
130.4
155.4
Acquisition-related expenses, net of reimbursements
—
4.9
0.2
12.1
Restructuring and other(2)
20.7
24.2
65.5
97.9
Provision (benefit) for income taxes
27.7
(966.6)
(171.5)
(971.8)
NEBITDA
$ 384.7
$ 324.2
$ 1,395.9
$ 1,134.5
Net income margin
16.7 %
101.3 %
20.5 %
32.3 %
NEBITDA margin
32.3 %
29.5 %
30.5 %
26.7 %
_________________________________
(1)
The years ended December 31, 2024 and 2023 excludes $0.8 million and $2.3 million, respectively, of equity-based compensation expense associated with our restructuring plan, which is included within restructuring and other.
(2)
In addition to the restructuring and other in our statements of operations, other charges included are primarily composed of lease-related expenses associated with closed facilities, charges related to certain legal matters, adjustments to the fair value of our equity investments, expenses incurred in relation to the refinancing of our long-term debt and incremental expenses associated with professional services.
December 31,
2024
(in millions)
Net Debt:
Current portion of long-term debt
$ 15.9
Long-term debt
3,779.1
Unamortized original issue discount and debt issuance costs
58.9
Total debt
3,853.9
Less: Cash and cash equivalents
(1,089.0)
Net debt
$ 2,764.9
Three Months Ended
December 31,
Year Ended
December 31,
2024
2023
2024
2023
(in millions)
Free Cash Flow and Unlevered Free Cash Flow:
Net cash provided by operating activities
$ 340.5
$ 297.7
$ 1,287.7
$ 1,047.6
Capital expenditures
(14.4)
(4.0)
(26.6)
(42.0)
Cash paid for acquisition-related costs
0.1
0.8
16.2
11.2
Cash paid for restructuring and other charges(1)
15.8
10.6
78.2
67.6
Free cash flow
$ 342.0
$ 305.1
$ 1,355.5
$ 1,084.4
Cash paid for interest on long-term debt
37.0
41.5
150.2
169.8
Unlevered free cash flow
$ 379.0
$ 346.6
$ 1,505.7
$ 1,254.2
_________________________________
(1)
In addition to payments made pursuant to our restructuring activities, cash paid for restructuring and other charges includes lease-related payments associated with closed facilities, payments related to certain legal matters, incremental payments associated with professional services and third party payments incurred in relation to the refinancing of our long-term debt. For the year ended December 31, 2023, it also includes a payment related to the termination of a revenue sharing agreement.
Shares Outstanding
Total shares of common stock outstanding are as follows:
December 31,
2024
2023
(in thousands)
Shares Outstanding:
Class A common stock
141,208
142,051
Class B common stock(1)
—
259
Total common stock outstanding
141,208
142,310
Effect of dilutive securities(2)
3,888
2,599
Total shares outstanding
145,096
144,909
_________________________________
(1)
As of December 31, 2024, following a series of transactions undertaken to simplify our capital structure, there are no longer any Class B shares outstanding. Shares of class B common stock were not participating securities and had no rights to share in our earnings.
(2)
Calculated using the treasury stock method, which excludes the impact of antidilutive securities.
Constant Currency
The following table provides a reconciliation of constant currency:
Three Months
Ended December
31, 2024
Year Ended
December 31,
2024
(in millions)
Constant Currency:
Revenue
$ 1,192.6
$ 4,573.2
Constant currency adjustment
1.2
1.1
Constant currency revenue
$ 1,193.8
$ 4,574.3
Bookings
$ 1,222.5
$ 5,038.8
Constant currency adjustment
1.7
11.0
Constant currency bookings
$ 1,224.2
$ 5,049.8
Source: GoDaddy Inc.
© 2025 GoDaddy Inc. All Rights Reserved.
View original content to download multimedia:https://www.prnewswire.com/news-releases/godaddy-reports-strong-fourth-quarter-and-full-year-2024-results-302376498.html
SOURCE GoDaddy Inc.
You may like
Technology
SAP AppHaus and NTT DATA Expand Global SAP AppHaus Alliances to Accelerate Human-Centered SAP Business AI at Scale
Published
47 minutes agoon
May 11, 2026By
WALLDORF, Germany and LONDON, May 11, 2026 /PRNewswire/ — SAP AppHaus and NTT DATA Business Solutions today announced the expansion of their global SAP AppHaus Alliances partnership. The next phase of the collaboration focuses on helping organizations move beyond isolated AI experiments and accelerate the adoption of scalable, business–driven AI embedded into Cloud ERP environments.
Building on its established role within the SAP AppHaus Alliances, NTT DATA Business Solutions is taking a leading role in operationalizing human–centered solutions built with SAP Business AI at global scale. Central to this approach is the combination of the SAP AppHaus methodology with NTT DATA Business Solution’s GenAI Accelerated toolkit, enabling customers to identify high–value AI use cases, rapidly prototype solutions on SAP Business Technology Platform (SAP BTP), and industrialize them across SAP Cloud ERP landscapes.
Through its Global Enablement Program, using the SAP AppHaus methodology, NTT DATA Business Solutions is equipping multidisciplinary teams worldwide with a repeatable framework for AI exploration, design and delivery. The initiative brings together SAP AppHaus human–centered design, NTT DATA Business Solution’s proprietary GenAI Accelerated assets, and SAP technologies such as Joule and SAP Business Data Cloud.
This integrated approach helps customers achieve faster time–to–value, lower development risk and higher adoption by directly connecting AI innovation to core business processes. Rather than treating AI as a standalone initiative, NTT DATA Business Solutions embeds it into Cloud ERP transformation programs – an approach reflected in its global customer engagement theme Cloud ERP Supercharged.
“With Cloud ERP Supercharged, we are deliberately redefining how SAP Business AI is used in SAP environments. It is not about isolated use cases, but about embedding AI directly into Cloud ERP processes, from master data and partner collaboration to document handling and logistics,” said Nicolaj Vang Jessen, Executive Managing Director Consulting GIIC and Nordics & Eastern Europe, NTT DATA Business Solutions. “By combining human–centered design, ready–to–run AI extensions and Joule capabilities, we enable our customers to automate, run and continuously learn, turning Cloud ERP into a platform for sustained business performance.”
The expanded alliance builds on successful joint customer engagements, including organizations such as Amey and Aspen Pumps, where NTT DATA Business Solutions applied the SAP AppHaus approach and the GenAI Accelerated toolkit to deliver tangible outcomes – from smarter decision–making and process automation to improved operational resilience.
“Our expanded partnership with SAP AppHaus reflects a deliberate shift from isolated AI use cases to enterprise–wide SAP Business AI,” said Mark Wheeler, Global Head of Product Engineering & AI Customer Success, NTT DATA Business Solutions. “By combining human–centered design with our GenAI Accelerated toolkit, we enable customers to translate AI ambition into solutions that improve speed, quality and competitiveness, directly within their SAP Cloud ERP environments.”
With operations in more than 30 countries and over 15,000 SAP specialists worldwide, NTT DATA Business Solutions continues to differentiate itself in the SAP ecosystem by combining industry expertise, proprietary AI assets and global delivery at scale. The SAP AppHaus methodology further reinforces the company’s ambition to actively shape how SAP Business AI is designed, deployed and scaled within SAP–centric enterprises.
For more information, please visit nttdata-solutions.com.
About NTT DATA Business Solutions
NTT DATA Business Solutions is focused on SAP and works within a strong ecosystem of partners including Microsoft and ServiceNow. We enable midmarket and lower large enterprise companies worldwide to become Intelligent Enterprises – from consulting and implementation to managed services. We are part of NTT DATA a $30+ billion business and technology services leader, serving 75% of the Fortune Global 100. Together, we are committed to accelerating client success and positively impacting society through responsible innovation. We are one of the world’s leading AI and digital infrastructure providers, with unmatched capabilities in enterprise-scale AI, cloud, security, connectivity, data centers and application services. Our consulting and industry solutions help organizations and society move confidently and sustainably into the digital future. As a Global Top Employer, we have experts in more than 70 countries. We also offer clients access to a robust ecosystem of innovation centers as well as established and start-up partners. NTT DATA is part of NTT Group, which invests over $3 billion each year in R&D.
Press Contact NTT DATA Business Solutions
Jasmin Straeter
Head of Global Communications
NTT DATA Business Solutions AG
Königsbreede 1, 33605 Bielefeld,
Germany
T: +49 521 9 14 48 108
Email: Jasmin.Straeter@nttdata.com
View original content:https://www.prnewswire.co.uk/news-releases/sap-apphaus-and-ntt-data-expand-global-sap-apphaus-alliances-to-accelerate-human-centered-sap-business-ai-at-scale-302767215.html
Technology
AnySearch Launches as Search Infrastructure Built for AI Agents
Published
47 minutes agoon
May 11, 2026By
HONG KONG, May 11, 2026 /PRNewswire/ — As AI agents rapidly evolve from experimental tools into productivity systems, AnySearch, a next-generation AI search product purpose-built for AI agents and enterprise AI systems, has officially launched, offering AI agents unified access to high-quality information.
Unlike traditional search engines or AI search products built primarily around public web content, AnySearch is founded on a fundamentally different premise: much of the information most valuable to AI agents is not publicly searchable.
A significant portion of high-value data does not reside on the open web, but within authenticated professional systems such as industry databases, real-time financial terminals, code repositories, academic platforms, and structured API services. As AI agents begin handling increasingly sophisticated tasks — including research and analysis, software development, and security audits — efficiently connecting to and accessing high-quality, fragmented data across multiple sources has become a key challenge for the next stage of AI application development.
The AnySearch team said, “Traditional search engines can only access a small fraction of the internet. But AI agents need far more than webpages — they require secure, reliable, structured, and real-time information that can support reliable reasoning and execution.”
To address this challenge, AnySearch aggregates extensive vertical data sources spanning finance, legal, academic research, cybersecurity, energy, and corporate intelligence, among other specialized domains. Through a single unified API, AI agents can directly retrieve accurate, structured results without requiring developers to manage dozens of disparate data interfaces. AnySearch natively supports Skill, MCP, and API connectivity, enabling seamless integration into AI agents, enterprise systems, and automated workflows.
The product is now available across multiple developer ecosystems, including GitHub, skills.sh, ClawHub, SkillHub, and Glama, with users currently receiving 1,000 free API calls per day.
As momentum in the AI search space continues to build, AnySearch is pursuing a distinct path from traditional search engines such as Google, focusing on high-precision, structured search capabilities purpose-built for AI agents.
According to internal benchmark evaluations across Frames, FreshQA, and WebWalkerQA, AnySearch delivered stronger results than public-web-based AI search products in both answer accuracy and execution efficiency. In complex real-world scenarios — including code retrieval, security analysis, real-time business decision-making, and industry research — agents integrated with AnySearch also demonstrated stronger capabilities in information seeking and task completion. Rather than sifting through vast amounts of unstructured web content, AnySearch intelligently routes queries to the most relevant specialized data sources and returns accurate, concise, and execution-ready results.
A growing number of industry observers believe AI is fundamentally reshaping the underlying logic of search. For decades, search engines have focused on helping people access webpages and information. As AI agents become more active across the digital ecosystem, the next generation of search infrastructure will focus on enabling AI systems to better understand the world and autonomously complete tasks.
From this perspective, AnySearch is not positioning itself as just another AI search product, but as a new form of infrastructure for the AI era.
Learn more about AnySearch:
Website: https://www.anysearch.com/
Github: https://github.com/anysearch-ai
View original content to download multimedia:https://www.prnewswire.com/news-releases/anysearch-launches-as-search-infrastructure-built-for-ai-agents-302768044.html
SOURCE AnySearch
Technology
eclicktech Explores What Happens When AI Agents Start Owning KPIs
Published
48 minutes agoon
May 11, 2026By
XI’AN, China, May 11, 2026 /PRNewswire/ — Over the past year, the conversation around artificial intelligence in Silicon Valley has undergone a subtle yet significant shift.
From OpenAI introducing Agent-based solutions, to Anthropic launching Computer Use and Claude Cowork, and the emergence of autonomous AI systems like Devin and Manus, the industry focus is no longer centered solely on model performance or parameter competition. Instead, a new theme is becoming increasingly dominant: AI is moving beyond the “tool layer” and entering the “organizational layer.”
When financial giants like Goldman Sachs begin referring to AI coding assistants as “employee number one,” and SaaS companies shift discussions from “adding AI features” to “whether AI Agents could eventually take over the software control plane,” one thing becomes increasingly clear: AI is no longer just a copilot for human workers — it is beginning to function as an actual organizational participant.
This transformation is no longer limited to discussions in Silicon Valley. At eclicktech, a growing number of AI Agents have quietly “joined the workforce.” They are taking briefs, conducting analysis, drafting proposals, managing workflows, optimizing campaigns, and even operating with their own KPIs.
Drawing from eclicktech’s recently completed “AI Implementation Hackathon” and its large-scale AI Agent practices, a new question is emerging:
What happens when AI Agents start owning KPIs? And how will that reshape the growth systems of global enterprises?
Why Global Marketing Became One of the First Industries to “Organize Around AI”
“The rise of organizational AI wasn’t accidental — it was driven by the complexity of the business itself,” said Aodi Zhang, Chief Product Officer at eclicktech.
Global marketing today is no longer a competition of isolated creative ideas. It has evolved into a highly complex, real-time operating system involving multiple markets, platforms, languages, and creative assets running simultaneously. Millions of impressions, clicks, and conversions are generated daily, all requiring immediate analysis and response.
In this environment — one defined by high-frequency decisions, data intensity, and rapid iteration — traditional linear growth models built on scaling headcount are quickly reaching their limits. They can no longer match the increasing complexity or real-time responsiveness required by modern global businesses.
At the same time, AI capabilities have crossed a critical threshold.
Previously, AI functioned primarily as an assistive tool for isolated tasks. Today, AI Agents are capable of long-chain execution, tool orchestration, autonomous collaboration, contextual understanding, and independent decision-making.
For the first time, AI is beginning to meet the standard of an “organizational teammate.” It no longer requires constant human supervision at every step. Instead, it can understand objectives, autonomously plan execution paths, and deliver outcomes.
According to the 2025 China Enterprise AI Agent Application Research Report published by First Voice Research Institute, China’s enterprise AI Agent market reached RMB 23.2 billion in 2025, with a projected compound annual growth rate of 120% from 2023 to 2027. Behind this rapid growth is a strong enterprise demand for efficiency gains, cost optimization, and smarter decision-making.
Global marketing — with its complexity and need for real-time responsiveness — has naturally become one of the first large-scale testing grounds for organizational AI.
What Do These “AI Coworkers” Actually Look Like?
eclicktech’s recent “AI Implementation Hackathon” served as something closer to an organizational-level A/B test — placing AI directly into live business workflows to observe how organizations evolve around it.
“We no longer think of AI as a tool sitting in a browser bookmark bar,” Zhang explained. “We think of it as a teammate that can be assigned tasks, held accountable for outcomes, and integrated into operational workflows.”
Several standout projects emerged from the hackathon. But viewing them simply as “efficiency tools” would significantly underestimate their value. Once these systems are viewed through an organizational lens, it becomes clear that eclicktech has already introduced a new category of “AI coworkers” into its business operations.
These AI systems collaborate directly with human employees across the full global marketing workflow.
Hubert: The Always-On Collaboration Hub
In traditional workflows, communication between sales teams, account managers, campaign optimizers, and designers often resembled a relay race full of information leaks and disconnects.
Now, an AI system called Hubert has taken over much of that coordination.
Functioning like an always-online executive assistant, Hubert listens to fragmented requests across teams, automatically structures client information into centralized systems, and proactively alerts relevant stakeholders whenever updates occur.
Instead of relying on fragile human memory, Hubert transforms organizational knowledge into a shared operational intelligence system.
Dexter: The Data Specialist Built for Operational Problem-Solving
Anyone working in campaign optimization knows that analysts often spend the majority of their time reconciling data, identifying discrepancies, and tracing traffic sources.
Dexter now automates much of that process.
The AI system continuously monitors monetization and campaign performance dashboards. When anomalies occur, Dexter can identify root causes within minutes and generate attribution analysis and optimization recommendations before the workday ends.
By handling repetitive analytical work, Dexter enables senior analysts to focus on higher-level strategic decision-making while preserving organizational expertise as scalable operational intelligence.
Hunter & Link: AI Systems Reshaping Customer Acquisition
Within eclicktech’s business development and operations teams, two additional AI systems — Hunter and Link — are redefining sales workflows.
Hunter functions like a constantly active prospecting engine, scanning emails, LinkedIn, and websites to identify high-potential leads. It can autonomously generate personalized outreach emails and even optimize messaging through automated A/B testing.
Meanwhile, Link operates as an intelligent workflow assistant inside messaging platforms, automating inquiry collection, order notifications, and operational coordination.
Together, these systems allow human business development teams to focus less on repetitive prospecting and more on high-value negotiations and strategic relationship building.
AI Agents Are Becoming Infrastructure
These examples represent only part of eclicktech’s broader AI ecosystem.
Today, dozens of AI coworkers are embedded across eclicktech’s operations, supporting creative generation, campaign optimization, budget allocation, data attribution, intelligent customer service, and technical operations. Together, they form a goal-oriented organizational AI ecosystem.
Zhang emphasized that this does not mean organizations can completely remove humans from the loop.
“The more powerful AI becomes, the more important clear operational boundaries become,” he said. “AI handles execution and operational tasks, while humans remain responsible for oversight, judgment, and final decision-making. That human-AI collaboration model is critical for maintaining operational safety and business reliability.”
The scale of adoption is already significant.
According to preliminary estimates, eclicktech’s internal AI systems currently consume more than 4 billion tokens per day. Behind that figure is a growing number of AI Agents operating across real production environments, transforming AI computing power into measurable business growth.
Supporting this ecosystem is EC-Agent, eclicktech’s proprietary enterprise AI Agent development platform. The company says customized AI Agents can now be built in as little as five minutes, reducing development costs by up to 80% and enabling large-scale AI deployment across the organization.
From Silicon Valley’s evolving AI conversations to eclicktech’s real-world implementation, one trend is becoming increasingly evident:
When AI Agents begin owning KPIs, they are not simply improving operational efficiency — they are fundamentally reshaping how global enterprises function.
AI is no longer just an assistive tool. It is becoming an organizational participant working alongside humans. And as AI systems continue evolving, enterprises that successfully redesign themselves around human-AI collaboration may gain a significant competitive advantage in the next era of global business.
View original content to download multimedia:https://www.prnewswire.com/news-releases/eclicktech-explores-what-happens-when-ai-agents-start-owning-kpis-302768047.html
SOURCE eclicktech
SAP AppHaus and NTT DATA Expand Global SAP AppHaus Alliances to Accelerate Human-Centered SAP Business AI at Scale
AnySearch Launches as Search Infrastructure Built for AI Agents
eclicktech Explores What Happens When AI Agents Start Owning KPIs
Send Rakhi to UK swiftly with UK Gifts Portal
Whiteboard Series with NEAR | Ep: 45 Joel Thorstensson from ceramic.network
New Gooseneck Omni Antennas Offer Enhanced Signals in a Durable Package
Why You Should Build on #NEAR – Co-founder Illia Polosukhin at CV Labs
Whiteboard Series with NEAR | Ep: 45 Joel Thorstensson from ceramic.network
NEAR End of Year Town Hall 2021: The Open Web World, MetaBUILD 2 Hackathon and 2021 recap
Trending
-
Technology5 days agoBTQ Technologies’ QSSN Selected as Core Security Infrastructure for South Korea’s First Bank-Led KRW Stablecoin Proof-of-Concept
-
Technology5 days agoZimmer Biomet to Present at the BofA Securities 2026 Health Care Conference
-
Coin Market4 days agoAave liquidates Kelp DAO hacker’s rsETH positions on Ethereum, Arbitrum
-
Near Videos5 days agoOpenAI wants to make a phone, Tether Gold trades on NEAR Intents, PingPay subscriptions goes live.
-
Coin Market5 days ago
Zcash price may hit $800 as $2.7B hedge fund reveals ‘significant position’ in ZEC
-
Coin Market5 days ago
Samsung SDS wins deal to build South Korea’s blockchain securities system: Report
-
Coin Market4 days ago
Three reasons why Ether price rallies fizzle near $2.4K
-
Coin Market4 days ago
Stablecoin adoption to scale on back of ‘very large’ tech firms: Bitwise
