GoDaddy delivered a mixed set of results for the last quarter. The company failed to meet Wall Street expectations on the revenue front given the continued lower consumer confidence, uneven demand patterns, and negative foreign currency impact. However, it did manage an earnings beat which was largely a result of the robust consumer retention. GoDaddy has worked towards adding simplified site creation with improved template selection guidance, making it easier for customers to begin making an online presence. The company made notable updates in disruptive payments experience, e-commerce value, and user experience. It added online store inventory sync, point-of-sale, and in-store with omnichannel reporting for the merchants across every channel. Also, it added a new Commerce Plus plan for the Marketing+ website, Apple Pay, integrated shipping labels, and Pay Buttons for running and up businesses that require sales tax automation. This quarter, GoDaddy launched free SSL on almost all innovative web hosting plans in its major markets. Also, it released an innovative Auctions user experience that enhances the buying experience with new Buy-It-Now and bulk bidding options. We provide the stock of GoDaddy with a ‘Buy’ rating and a revision in the target price.
Our Report Structure:
⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
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