Company shares significant progress against revenue, profitability and free cash flow goals and provides insights on its three-year strategy and outlook
TEMPE, Ariz., March 6, 2024 /PRNewswire/ -- GoDaddy Inc. (NYSE:GDDY) will host investors today at its Investor Day in Tempe. The event will feature presentations, technology demonstrations and commentary from senior leaders on innovations for customers, as well as its plans for profitable growth and operational excellence.
"This is a milestone moment for GoDaddy as we turbocharge our solutions for small businesses worldwide with the transformational power of generative AI," said Aman Bhutani, CEO of GoDaddy. "Our focus remains balancing top-line growth and profitability to deliver long-term value for our shareholders."
The presentations include live demonstrations of the recently launched GoDaddy Airo™, an AI-powered solution that saves small business owners precious time in establishing their online presence and helps them win new customers.
Updated Financial Targets
GoDaddy will provide new three-year financial targets to help investors and analysts model its business. The company expects:
- 6% to 8% annual revenue growth between 2024 to 2026, fueled by acceleration in its Applications & Commerce segment;
- Approximately 33% full-year normalized EBITDA margin in 2026; and
- $4.5 billion or more in three-year cumulative free cash flow through 2026, with a capital return strategy targeting a free cash flow per share compounded annual growth rate of 20% plus through 2026.
"Building on our track record of expanding normalized EBITDA margin 100 to 200 basis points each year for the last three years, we plan to drive full-year normalized EBITDA margin of approximately 33% in 2026," said Mark McCaffrey, GoDaddy CFO. "Increasing free cash flow per share over the long-term continues to be our North Star. We expect to grow free cash flow per share at a compounded annual growth rate of 20% plus, supported by the expectation we will generate $4.5 billion or more in three-year cumulative free cash flow through 2026."
GoDaddy is committed to continuing to return capital to shareholders. With $1.4 billion remaining under current share authorizations, the company plans to continue its share buyback program.
To join the event in progress, please register here. For the replay and access to materials shared during GoDaddy's Investor Day, please visit https://investors.godaddy.net.