GoDaddy (NYSE:GDDY) Full Year 2024 Results
Key Financial Results
- Revenue: US$4.57b (up 7.5% from FY 2023).
- Net income: US$936.9m (down 32% from FY 2023).
- Profit margin: 21% (down from 32% in FY 2023). The decrease in margin was driven by higher expenses.
- EPS: US$6.63 (down from US$9.27 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
GoDaddy EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.2%.
The primary driver behind last 12 months revenue was the Core Platform (Core) segment contributing a total revenue of US$2.92b (64% of total revenue). The largest operating expense was Research & Development (R&D) costs, amounting to US$814.4m (41% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of US$3.80m. Explore how GDDY's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the IT industry in the US.
Performance of the American IT industry.
The company's shares are down 4.5% from a week ago.
Valuation
Following the latest earnings results, GoDaddy may be undervalued based on 6 different valuation benchmarks we assess. Click here to find out what a fair price for the stock might be and where analysts see the share price heading over the next year.
New: Manage All Your Stock Portfolios in One Place
We've created the ultimate portfolio companion for stock investors, and it's free.
• Connect an unlimited number of Portfolios and see your total in one currency
• Be alerted to new Warning Signs or Risks via email or mobile
• Track the Fair Value of your stocks
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About NYSE:GDDY
GoDaddy
Engages in the design and development of cloud-based products in the United States and internationally.
Very undervalued low.
Similar Companies
Market Insights
Community Narratives
