Sector: Information Technology | Focus: Internet Services & Infrastructure
HQ: Tempe, Arizona
Financial Risks
GoDaddy faces risks from customer acquisition and retention, market competition, restructuring costs, international expansion challenges, system failures, cybersecurity threats, and payment processing issues. Debt levels and covenants restrict flexibility and could lead to defaults. Shareholder activism and stock price volatility are also concerns. Economic downturns, changing regulations, and intellectual property disputes pose further risks. The company also faces risks related to its reliance on third-party vendors and partners.
Financial Upside
GoDaddy's revenue and bookings are increasing, with strong growth in Applications and Commerce segment. Operating income and net income are also growing. Normalized EBITDA is up, and net cash provided by operating activities is increasing. The company has significant remaining authorization for share repurchases. The company is migrating to the public cloud, which could lead to cost savings in the long term.