GoDaddy is a leading internet domain registrar and web hosting company that has been in business since 1997. Over the years, it has grown to become a dominant player in the domain and hosting market, serving over 20 million customers in 100+ countries.
Financial Overview In 2021, GoDaddy reported a revenue of $3.3 billion, a 14% increase from the previous year. Its net income was $242.2 million, a significant improvement from a net loss of $130.4 million in 2020. The company’s gross profit margin increased to 65.8% in 2021, up from 63.2% in the previous year.
GoDaddy’s revenue is primarily derived from domain name registrations, hosting, and website building services. The company’s domain registration business generated $1.3 billion in revenue in 2021, a 13% increase from the previous year. Hosting and presence generated $1.7 billion in revenue, representing a 14% increase from 2020.
One notable aspect of GoDaddy’s financials is its free cash flow, which increased by 79% in 2021 to $919 million. This reflects the company’s strong cash-generating ability and its efficient use of capital.
Investor Relations GoDaddy is a publicly-traded company listed on the New York Stock Exchange under the ticker symbol “GDDY.” As of March 2023, the company has a market capitalization of over $13 billion.
In terms of shareholder returns, GoDaddy has been a strong performer. Over the past five years, the company’s stock has increased by over 400%. Furthermore, the company has a track record of returning value to shareholders through share buybacks and dividends. In 2021, GoDaddy repurchased $180 million of its shares and paid out $13 million in dividends.
Conclusion In conclusion, GoDaddy has been a consistent performer in the domain and hosting market. Its financials demonstrate a strong cash-generating ability, efficient use of capital, and solid shareholder returns. With its broad customer base and expanding product offerings, GoDaddy is well-positioned to continue its growth trajectory in the years ahead.