GoDaddy Reports Strong First Quarter Results for 2025

In the first quarter of 2025, GoDaddy reported total revenue of $1.2 billion, reflecting an 8% increase year-over-year on both a reported and constant currency basis. Total bookings also rose to $1.4 billion, marking an 8% year-over-year growth, and a 9% increase when adjusted for constant currency.

The revenue composition of GoDaddy reveals significant growth in its Applications and Commerce (A&C) segment, which saw a robust 17% increase year-over-year, totaling $446.4 million. The Core Platform revenue, on the other hand, reached $747.9 million, indicating a more modest growth of 3% year-over-year.

GoDaddy's operating income surged to $247.3 million, representing a remarkable 40.6% increase year-over-year and a margin of 21%. However, net income for the quarter was reported at $219.5 million, a decrease from $401.5 million in the previous year. This drop is attributed to the inclusion of non-recurring, non-cash income tax benefits of $34.6 million in the current period, compared to $267.4 million in the same period last year.

The Normalized EBITDA (NEBITDA) was reported at $364.4 million, a 16% year-over-year increase, translating to a 31% margin. GoDaddy also experienced a significant boost in cash flow, with net cash provided by operating activities totaling $404.7 million, an impressive 36% year-over-year growth. Free cash flow also rose to $411.3 million, a 26% increase from the last year.

GoDaddy's commitment to enhancing shareholder value is evident in its capital allocation strategy. The company successfully completed its 2022 share repurchase program, retiring over 25% of its fully diluted shares. Additionally, GoDaddy announced a new $3 billion multi-year share repurchase authorization through 2027, emphasizing its focus on disciplined capital management.

In line with its growth strategy, GoDaddy has expanded the reach of its GoDaddy Airo® platform to new on-ramps, which include enhanced features for logos and email. The company also unveiled the GoDaddy Agency, a new partnership program designed to connect digital agencies with small and mid-sized business leads, offering comprehensive tools and services to facilitate their growth.

CFO Mark McCaffrey expressed confidence in the company's performance, stating, "GoDaddy's strong first quarter results and reaffirmed 2025 outlook highlight the strength of our execution and the durability of the business model." Meanwhile, CEO Aman Bhutani reinforced the company's position for long-term success, asserting that GoDaddy is well-equipped to deliver measurable outcomes that help customers thrive regardless of macroeconomic conditions.

GoDaddy's first-quarter results for 2025 present a compelling narrative of growth and resilience amidst challenging market conditions. With a strong focus on capital allocation, product expansion, and customer-centric strategies, the company is poised for continued success as it navigates the evolving landscape of digital services.