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NEW YORK - GoDaddy Inc. (NYSE:GDDY) shares fell 4.4% in after-hours trading on Thursday after the web hosting company reported fourth-quarter earnings that missed analyst expectations, despite beating on revenue.
GoDaddy posted adjusted earnings per share of $1.36 for the quarter ended December 31, 2024, falling short of the $1.43 consensus estimate. However, revenue came in at $1.19 billion, slightly above analysts’ projections of $1.18 billion and up 8.4% YoY.
The company’s outlook for 2025 was largely in line with expectations. GoDaddy forecast first-quarter revenue between $1.175 billion and $1.195 billion, compared to the $1.187 billion consensus. For the full year 2025, it expects revenue of $4.86 billion to $4.94 billion, versus analyst estimates of $4.897 billion.
"GoDaddy demonstrated strong operational execution and financial performance in 2024, making significant progress across our key strategic initiatives," said CEO Aman Bhutani in a statement.
The company reported total bookings of $1.22 billion for Q4, up 8.8% YoY. Its normalized EBITDA margin expanded to 32.3% from 29.5% a year earlier.
Despite the earnings miss, GoDaddy highlighted its continued focus on profitability and cash generation. The company generated free cash flow of $342 million in Q4, up 12.1% from the prior year.
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