GoDaddy stock plummets after earnings report

by | Feb 15, 2025 | Domain names, Domaining | 0 comments

It was a bad day for GoDaddy shareholders.

GoDaddy logo in black

Shares in GoDaddy (NYSE: GDDY) fell over 14% today after the company released earnings after the market closed yesterday.

The company reported Q4 revenue of $1.19 billion, which was above its guidance of $1.165 billion – $1.185 billion. However, results for earnings per share missed investor expectations, leading to the selloff.

Core Platform revenue, which includes domains, aftermarket, and legacy hosting, was up 3.9% in Q4 year over year, and Applications & Commerce was up 16.9%.

Aftermarket revenue in Q4 was $117 million, down 1% from Q4 2023. However, aftermarket revenue was up 5% to $457 million for the year.

For the full year 2024, GoDaddy posted $4.57 billion revenue, a 7.5% increase over 2023.

Looking ahead to this year, GoDaddy expects total revenue to land between $4.860 billion -$4.940 billion.

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