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.

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.