GODADDY INC Reports Q2 FY2023 Earnings Results on August 3 2023
August 23, 2023
🌥️Earnings Overview
GODADDY ($NYSE:GDDY): On August 3, 2023, GoDaddy Inc. reported its earnings results for the second quarter of its FY2023. The company had total revenue of USD 1048.1 million for the period ending June 30, 2023, a 3.2% growth compared to the same period in the previous year. Unfortunately, the net income decreased 8.3% from the same period one year ago to USD 82.9 million.
Share Price
On Thursday, August 3, 2023, GODADDY INC reported its second quarter FY2023 earnings results. The stock opened at $75.3 and closed at $75.7, slightly up by 0.3% from the previous day’s closing price of $75.5. This marks an impressive performance for the company amidst the challenging economic situation caused by the ongoing pandemic. This strong performance was attributed to a substantial increase in customer engagement, especially in the digital products and services segment.
Additionally, the company also announced plans to invest heavily in new product development to meet the increasing demand of its customers. All in all, GODADDY INC reported a strong performance in its Q2 FY2023 earnings results, demonstrating resilience in a challenging economic environment. With plans to invest heavily in product development and increased customer engagement, the company is well positioned for a strong performance for the remainder of the fiscal year. 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 have conducted an analysis of GODADDY INC‘s financials. Through our Star Chart, we can see that GODADDY INC is strong in asset, growth, and profitability, but weak in dividend. This gave it an intermediate health score of 6/10 as it pertains to its cashflows and debt, indicating that it may be able to sustain future operations even in times of crisis. We have classified GODADDY INC as a ‘rhino’, a type of company that has achieved moderate revenue or earnings growth. This type of company may be of interest to investors looking for moderate growth potential in the long term, as well as those seeking stability and the ability to withstand economic downturns. 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
Investors considering GODADDY INC should note that the company’s revenue rose 3.2% year-over-year in the second quarter of FY2023. However, net income decreased 8.3% from the same period a year ago, representing a potential red flag for potential investors. As a result, it is important to analyze the company’s financial performance over multiple quarters and gain an understanding of its financials before making an investment decision. Investors should also consider other factors such as the company’s competitive position, market trends, and the potential for growth before making an investment decision.
Related Posts
Recent Posts
