February 25, 2024

One of the biggest global online domain name registrar and web hosting company reports its financial results for Y2023.

According to the report of the company, GoDaddy Inc. revenues in Y2023 made $4.3 billion, by 4% higher y-o-y.

Normalized EBITDA increased by 12% y-o-y up to $1.1 billion, while net income made $1.4 billion.

In Y2023 GoDaddy inc. generated free cash flow of about $1.1 billion, which was directed mainly to shares repurchase program.

In total, from January 1, 2022 through February 1, 2024, GoDaddy repurchased 34.2 million shares of its common stock for an aggregate purchase price of $2.6 billion, and an average price per share of $74.99. These repurchases represent a reduction of approximately 20% in fully diluted shares from those outstanding as of December 31, 2021.

As of February 23 market cap of Godaddy Inc. stood at $16.3 billion. Long-term debt of the company as of December 31, 2023 comprised about $3.8 billion.

GoDaddy Inc. is an American publicly traded Internet domain registry, domain registrar and web hosting company.