The company said total revenue for Q1 2024 (quarter ended March 31) was $1,108.5 million, up 7.0% from $1,036.0 million a year earlier, with Applications and Commerce revenue at $383.1 million and Core platform revenue at $725.4 million.

1. 01

   The company said total revenue for Q1 2024 (quarter ended March 31) was $1,108.5 million, up 7.0% from $1,036.0 million a year earlier, with Applications and Commerce revenue at $383.1 million and Core platform revenue at $725.4 million.

2. 02

   GoDaddy said net income for Q1 2024 was $401.5 million (net income margin of 36.2%), which included a non-cash income tax benefit of $267.4 million related to the conversion of Desert Newco, LLC and restructuring and other charges of $22.4 million.

3. 03

   The company reported net cash provided by operating activities of $297.2 million, free cash flow of $327.4 million and NEBITDA of $313.0 million (NEBITDA margin of 28.2%) for Q1 2024, compared with $270.3 million, $259.2 million and $249.7 million, respectively, a year earlier.

4. 04

   GoDaddy said it had repurchased 2.8 million shares for $345.6 million through April 30, 2024, and raised its full-year revenue outlook to $4.50 billion to $4.56 billion and expects free cash flow of at least $1.2 billion.

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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