Godaddy earnings beat by $0.13, revenue topped estimates

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GoDaddy Earnings

Godaddy Inc (NYSE: GDDY) reported first quarter EPS of $1.51, $0.13 better than the analyst estimate of $1.38. Revenue for the quarter came in at $1.2B versus the consensus estimate of $1.19B.

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First Quarter 2025 Business and Financial Highlights

  • Total revenue of $1.2 billion, up 8% year-over-year on a reported and constant currency basis.
  • Total bookings of $1.4 billion, up 8% year-over-year, and 9% on a constant currency basis.
  • Applications and Commerce (A&C) revenue grew 17% year-over-year to $446.4 million.
  • Core Platform (Core) revenue totaled $747.9 million, growing 3% year-over-year.
  • Operating income of $247.3 million, up 40.6% year-over-year, representing a 21% margin.
  • Net income of $219.5 million versus $401.5 million in the prior year. Net income in each period was inclusive of non-recurring, non-cash income tax benefits of $34.6 million and $267.4 million, respectively.
  • Normalized EBITDA (NEBITDA) of $364.4 million, up 16% year-over-year, representing a 31% margin.
  • Net cash provided by operating activities of $404.7 million, up 36% year-over-year.
  • Free cash flow of $411.3 million, up 26% year-over-year.
  • Expanded the reach of GoDaddy Airo® to new on-ramps, including logos and email, and continued to enhance the premium features available in Airo Plus.
  • Announced the launch of GoDaddy Agency, a new partner program connecting digital agencies with small and mid-sized business leads and providing access to comprehensive tools, services and support to grow their client offerings.