GoDaddy (GDDY) Stock

GDDY benefits from advancements in AI and sees significant growth in Applications and Commerce. However, it struggles with slow growth in its Core Platform and has a high amount of debt.

TEMPE, Arizona, December 16, 2024 /PRNewswire/ -- GoDaddy Inc. (NYSE: GDDY) has revealed that its subsidiaries, Go Daddy Operating Company, LLC and GD Finance Co, LLC, have completed the refinancing of their previously announced credit agreement.

A recent survey by GoDaddy revealed a significant difference in shopping habits among different generations on social media. Many consumers are frequently using social media for shopping, but the platforms they choose might surprise you.

On December 5, 2024, GoDaddy Inc. announced that its subsidiaries, Go Daddy Operating Company, LLC and GD Finance Co, LLC, have secured a $1.463 billion loan set to mature in 2029. This funding will be used to pay off all existing Tranche B-6 Term Loans as part of a refinancing process under their Credit Agreement established on February 15, 2017. The refinancing involves the Borrowers, Desert Newco, LLC, lenders, and other related parties.

I have a positive outlook on GoDaddy due to its impressive free cash flow, which is expected to hit $1.6 billion by 2025, making its 18x valuation attractive. I think GoDaddy's emphasis on pricing, bundling, and AI innovations will help it achieve ongoing revenue growth and profits. While I see the $3.1 billion net debt as a potential risk, the company's operational efficiency and steady cash flow help ease my worries.

GDDY has strong growth potential, making it an attractive investment choice. However, its high valuation indicates that it might be wise to wait for a more favorable time to invest.

A recent GoDaddy survey reveals that 80% of young consumers look up businesses before making a purchase. This highlights the significance of having an online presence for small companies. But is it really essential?

TEMPE, Ariz., Nov. 20, 2024 /PRNewswire/ -- Mark McCaffrey, the Chief Financial Officer of GoDaddy Inc. (NYSE: GDDY), will speak at the UBS Global Technology Conference in Scottsdale, Arizona on Wednesday, December 4, 2024, at 10:15 a.m.

After an 8-year break, GoDaddy is back to present GoDaddy Airo™, an AI-driven tool for small businesses. On November 12, 2024, in Tempe, Arizona, they invite future small business owners to watch Super Bowl LIX to see how GoDaddy Airo can help turn their ideas into an online business in just minutes.