GoDaddy, world's largest hosting platform, snapped the best year of share performance since listing

Table of Contents

Company Profile

Founder

GoDaddy (ticker: GDDY) was founded in 1997 by Bob Parsons in Phoenix, Arizona. Parsons decided to retire after selling his financial software services company Parsons Technology to Intuit in the mid-1990s.

In 1997, he founded Jomax Technologies, which later became GoDaddy.

Services provided

It is a multinational listed company engaged in Internet domain name registration, web hosting, and website management tools.

Initial Public Offering

GoDaddy’s initial public offering (IPO) took place on April 1, 2015.

Company operations

Advantages of the business

Since the company’s main business is domain name registration and hosting, it has the following advantages:

Customers are all long-term contract customers and will not be lost to competitors unless there are special reasons; that is, customers and revenue will only increase, not decrease, so the company’s cash flow grows very steadily.
With domain name registration and hosting, the two most basic Internet entry-level businesses, GoDaddy can easily expand to other Internet-related businesses based on this. Therefore, GoDaddy can be said to have a very promising future.

Business covered

In addition to domain name registration and hosting, GoDaddy also sells e-commerce software and services, including domain name services (domain name transfer and privacy protection), domain name auctions, domain name investment tools, websites, website hosting and cloud servers, website security ( SSL digital certificates, malware removal services and code signing certificates), online marketing, professional email and Microsoft Office office applications.

Biz metrics

As of 2023, GoDaddy hosts more than 62 million registered domains, making it the world’s largest ICANN-accredited registrar, serving more than 21 million customers.

In terms of market share, GoDaddy is the fifth largest web hosting provider in the world.

Acquisitions

In July 2012, GoDaddy announced the acquisition of Outright, but did not disclose the amount.
In August 2013, GoDaddy announced the acquisition of Locu for $70 million.
In September 2013, GoDaddy purchased the domain name trading platform Afternic from NameMedia. GoDaddy also acquired domain parking service company SmartName and domain search service company NameFind.
On October 15, 2013, GoDaddy acquired MediaTemple, a domain hosting and website services company. MediaTemple said in a client newsletter that the company “will continue to operate as an independent and autonomous entity.”
In July 2014, GoDaddy acquired Canary, a small business based in Cambridge, UK, that provides smart calendar services.
On August 20, 2014, GoDaddy acquired MadMimi, an email marketing service provider headquartered in Brooklyn, USA.
In April 2015, GoDaddy acquired Elto, a San Francisco-based startup that provides a marketplace platform that allows business owners and non-technical people to contact web developers to help them build web pages and improve their online presence. Rate.”
In April and November 2015, GoDaddy purchased a large number of domain names from Marchex and WorldwideMedia respectively.
In December 2020, GoDaddy acquired Poynt, a company headquartered in Palo Alto, California, USA, which mainly provides payment processing services, including contactless in-store terminals and online and telephone payment acceptance technologies.

Capital market performance

2024 Q3 Financial Report

GoDaddy reported revenue of $1.15 billion, up 7.3% year over year. The figure was in line with analysts’ expectations. Overall, it was a strong quarter as its EBITDA far exceeded analysts’ expectations and its order intake also beat analysts’ expectations by a wide margin.

Since the report, the stock has risen 26.1%.

Market Cap

As of December 13, 2024, GoDaddy’s market value is US$29.03 billion. At this level, it can only be considered a mid-cap stock in the U.S. stock market.

Price-to-Earnings Ratio

As of December 13, 2024, GoDaddy’s P/E ratio is 16.25 times.

Stock price performance

As of December 13, 2024, GoDaddy stock:

Since the beginning of 2024, it has risen by 100.76%.
Since the company went public, it has risen by 680.3%.
It is one of the top ten stocks in terms of stock price performance in 2024 among all the components of the S&P 500 index!

credit: GoDaddy

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