Fri, Aug 2, 10:05 AM (88 days ago)
For the quarter ending June 30, 2024, GoDaddy Inc. reported a 7.3% increase in total revenue to $1,124.5 million, driven by robust growth in its Applications and Commerce (A&C) segment, which saw a 15.3% increase, and a 3.2% rise in its Core Platform (Core) segment. Operating income surged by 74.1% to $208.2 million, while net income increased by 76.1% to $146.3 million. Total bookings grew by 10.6% to $1,261.9 million. Despite these gains, GoDaddy continues to face competitive pressures and operational challenges, including restructuring activities aimed at reducing costs. The company also highlighted ongoing investments in technology and international expansion as key future growth drivers.