It was a bad day for GoDaddy shareholders.
Shares in GoDaddy (NYSE: GDDY) fell over 14% today after the company released earnings after the market closed yesterday.
The company reported Q4 revenue of $1.19 billion, which was above its guidance of $1.165 billion – $1.185 billion. However, results for earnings per share missed investor expectations, leading to the selloff.
Core Platform revenue, which includes domains, aftermarket, and legacy hosting, was up 3.9% in Q4 year over year, and Applications & Commerce was up 16.9%.
Aftermarket revenue in Q4 was $117 million, down 1% from Q4 2023. However, aftermarket revenue was up 5% to $457 million for the year.
For the full year 2024, GoDaddy posted $4.57 billion revenue, a 7.5% increase over 2023.
Looking ahead to this year, GoDaddy expects total revenue to land between $4.860 billion -$4.940 billion.
Q: is this business sustainable?
the only way for them to make a profit is to raise prices and this will drive people away from the industry.
any not everybody needs this kind of services!! unlike food , we all need to eat.
As per that logic,.the only business that has growth is good business? Yet, we have Apple, Microsoft, FB, Nvidia etc.. as the top growth companies over many decades. None of them produce food as far as I know.