information GoDaddy: Q4/2023 and full year 2023 financials

[Acroplex]

GoDaddy reported its financial results for the fourth quarter and full year ending December 31, 2023. Overall performance appears strong.

That being said, core platform revenue (domain registrations, hosting, domain aftermarket) grew 2% in the past 12 months. Is that good enough?

 

[branding]

GoDaddy reported its financial results for the fourth quarter and full year ending December 31, 2023. Overall performance appears strong.

That being said, core platform revenue (domain registrations, hosting, domain aftermarket) grew 2% in the past 12 months. Is that good enough?

If the 2% growth includes hosting and aftermarket sales it's not that impressive, from a registrar's pov, given their seizable hosting and aftermarket footprint.

 

[Constantin S]

Yes, this includes all the subsidiaries (Afternic, Dan, Sucuri, Mad Mimi etc.). The stock market is on some stupid juice atm so I'm not surprised 2% growth was enough to pump their stock.

 

[yb1313]

With all the cool numbers aside, don't forget that GD's total equity was in the negative on their 2022 report, standing at $−332 million (which is the calculation of the company's total assets minus its total liabilities). This appears to be a significant figure, and per their 2023 Report [link] (look for Total Assets and Total Liabilities), that number has gone down for them even more.