GoDaddy stock plummets following earnings note

It was a bad day for GoDaddy shareholders.

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

The firm noted Q4 revenue of $1.19 billion, which was above its guidance of $1.165 billion – $1.185 billion. Still, 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. Still, 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.