Sunday , March 26 2023

GoDaddy reports Q4 and full year 2021 results, stock up close to 6%

GoDaddy Q4 Earnings

GoDaddy (NYSE:GDDY) reported earnings today. 2021 Full Year Revenue Growth of 15%, Bookings Growth of 12%
They announced a multi-year $3 billion share repurchase plan starting with intent to launch a $750 million accelerated share repurchase in the first quarter of 2022.

The stock was up 78.50 +4.29 (5.78%) in after hours trading.

Business Outlook

For the first quarter ending March 31, 2022, GoDaddy expects total revenue in the range of $985 million to $990 million, representing year over year growth of 10% at the midpoint, versus last year.

For the full year ending December 31, 2022, GoDaddy expects total revenue in the range of $4.14 billion to $4.16 billion, representing year over year growth of 9% at the midpoint, versus the $3.82 billion of revenue generated in 2021.

GoDaddy expects unlevered free cash flow of approximately $1.1 billion, representing growth of 15%, year over year, versus the $960 million of unlevered free cash generated in 2021.

Full release here

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