GODADDY INC Reports Q2 FY2023 Earnings Results for June 30, 2023
August 21, 2023
🌥️Earnings Overview
On August 3 2023, GODADDY INC ($NYSE:GDDY) reported their earnings results for the second quarter of FY2023, which ended on June 30 2023. The total revenue for the quarter was USD 1048.1 million, representing a 3.2% growth year-over-year. However, their net income fell 8.3% compared to the same period in FY2022, amounting to USD 82.9 million.
Stock Price
On Thursday, GODADDY INC reported their earnings results for Q2 FY2023, covering the period ending on June 30, 2023. The stock opened at $75.3 and closed the day at $75.7, representing an increase of 0.3% from its prior closing price of 75.5. In terms of market performance, GODADDY INC experienced a slightly positive day with a modest rise in their stock price.
In addition, GODADDY INC has announced several new initiatives and projects for the upcoming quarter that support their goal of increasing customer service and satisfaction. GODADDY INC is currently aiming to develop new products and services that provide customers with more options to suit their needs. This includes improved features such as improved website security, scalable hosting solutions, and a wide range of domain name extensions. Furthermore, GODADDY INC has also implemented a variety of changes to their customer support system in order to better provide faster response times and more efficient solutions to customers. The company reported stock gains and increased customer satisfaction. GODADDY INC is aiming to continue this positive momentum in the next fiscal quarter with new projects and initiatives designed to further improve their customer service and increase their stock value. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Godaddy Inc. More…
| Total Revenues | Net Income | Net Margin |
| 4.16k | 323.6 | 8.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Godaddy Inc. More…
| Operations | Investing | Financing |
| 946.2 | -153.5 | -981.3 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Godaddy Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 6.79k | 7.46k | -4.5 |
Key Ratios Snapshot
Some of the financial key ratios for Godaddy Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 9.8% | 34.5% | 11.8% |
| FCF Margin | ROE | ROA |
| 20.5% | -59.8% | 4.5% |
Analysis
At GoodWhale, we’ve conducted a thorough analysis of GODADDY INC‘s financials. Based on our Risk Rating score, GODADDY INC looks to be a high risk investment in terms of financial and business aspects. We have detected 3 risk warnings that are visible in the income sheet, balance sheet, and non-financial data. These warnings indicate that investing in GODADDY INC could be a risky move. If you’re looking for more information, be sure to register with us so you can check it out. More…
Peers
As of March 2020, GoDaddy has approximately 19 million customers and over 77 million domain names under management. The company is headquartered in Scottsdale, Arizona, and employs more than 4,000 people. Hipay Group SA is a French provider of online and mobile payment solutions. The company offers a range of services, including credit and debit card processing, e-commerce, and fraud prevention. Hipay Group SA has over 500 employees and is headquartered in Paris, France. Ease2pay NV is a Belgian provider of online payment solutions. The company offers a range of services, including credit and debit card processing, e-commerce, and fraud prevention. Ease2pay NV has over 200 employees and is headquartered in Brussels, Belgium. Spenda Ltd is a UK-based provider of online payment solutions. The company offers a range of services, including credit and debit card processing, e-commerce, and fraud prevention. Spenda Ltd has over 100 employees and is headquartered in London, England.
– Hipay Group SA ($LTS:0RA7)
Hipay Group SA is a global provider of online payment solutions. The company offers a range of services, including credit and debit card processing, mobile payments, and cross-border payments. Hipay Group SA has a market cap of 21.46M as of 2022 and a return on equity of -12.85%. The company’s products and services are used by merchants in a variety of industries, including e-commerce, travel, and gaming.
– Ease2pay NV ($LTS:0E63)
Ease2pay NV is a provider of mobile payments solutions. The company offers a range of services, including mobile payment processing, mobile wallet management, and merchant acquiring. Ease2pay NV has a market cap of 41.15M as of 2022. The company’s return on equity was -6.13% for the year ended December 31, 2021.
– Spenda Ltd ($ASX:SPX)
Spenda Ltd is a publicly traded company with a market capitalization of $38.78 million as of 2022. The company has a negative return on equity of -53.06%, meaning that it has lost money for shareholders in the past year. Spenda Ltd is a provider of online marketing and advertising services. The company operates in the United Kingdom, the United States, Canada, Australia, and New Zealand.
Summary
GODADDY INC reported its second quarter earnings for FY2023 on August 3 2023, with total revenue of USD 1048.1 million, a 3.2% increase compared to the same period last year. Net income however, was USD 82.9 million, a decrease of 8.3% compared to the last year. Investors should keep an eye on the company’s performance as their revenue growth is positive but their profits have declined.
It is important to monitor their expenses, debt, and cash flow to ensure that their bottom line remains healthy. Furthermore, it is important to note how the company will adjust in order to further increase their revenue and profits.
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