The company said GoDaddy's net income for Q4 2023 was $1,132.3 million (a net income margin of 102.9%). It said that in Q4 it released the majority of its valuation allowance on U.S. and state deferred tax assets, resulting in a non-cash one-time benefit of approximately $1 billion recorded to income taxes.

1. 01

   The company said GoDaddy's net income for Q4 2023 was $1,132.3 million (a net income margin of 102.9%). It said that in Q4 it released the majority of its valuation allowance on U.S. and state deferred tax assets, resulting in a non-cash one-time benefit of approximately $1 billion recorded to income taxes.

2. 02

   GoDaddy said total revenue for Q4 2023 was $1,100.3 million, up 5.8%, and full-year total revenue was $4,254.1 million, up 4.0%. The company also said Applications & commerce revenue for Q4 was $377.4 million (up 13.2%), and Core platform revenue was $722.9 million (up 2.3%).

3. 03

   GoDaddy said net cash provided by operating activities for 2023 was $1,047.6 million and free cash flow was $1,084.4 million. As of December 31, 2023, total debt was $3,876.1 million and net debt was $3,377.3 million.

4. 04

   The company said it expects full-year 2024 total revenue in the range of $4.480 billion to $4.560 billion, representing growth of 6% at the midpoint. It also said it expects a full-year Normalized EBITDA margin of approximately 29%, and a Normalized EBITDA margin of 27% for Q1.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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