GoDaddy (GDDY) 10-K Summary — Year Ended Dec 31, 2023
GoDaddy Inc. filed its annual report outlining business operations and financial results for the latest fiscal year. The filing details the company's business, risk factors, and liquidity position.
Key takeaway
Year ended Dec 31, 2023 · FY2025 10-K
GoDaddy Inc. filed its annual report outlining business operations and financial results for the latest fiscal year. The filing details the company's business, risk factors, and liquidity position.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$4.3B
Revenue reported for the fiscal year.
Operating income
$547.4M
Income from operations reported for the year.
Net income
$1.4B
Net income reported for the year.
Operating cash flow
$1B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2021 | $3.8B | n/a |
| Dec 31, 2022 | $4.1B | +7.2% |
| Dec 31, 2023 | $4.3B | +4.0% |
Business overview
The company provides cloud-based technology products and services to small businesses and individuals, including domain registration, web hosting, and productivity tools. Its business is described under Item 1 of the filing, focusing on serving entrepreneurs with digital tools. GoDaddy also addresses cybersecurity as a material component of its operations.
Financial performance
Revenue grew compared to the prior year, while operating income and net income were both reported at levels consistent with positive financial results. Cash flow from operations was also positive, indicating the company generated cash from its core business activities.
Material risks
The filing includes a dedicated risk factors section (Item 1A) covering a range of uncertainties, including competitive pressures and the need to adapt to technological changes. No specific new risks were highlighted beyond the standard factors described in the risk factor section.
Liquidity and capital
The company maintains a share repurchase program authorized by its board, with repurchase activity occurring in the reported period. No other significant capital allocation themes beyond share repurchases are discussed in the liquidity section.
What to watch
Readers should monitor any changes in the company's share repurchase authorization or activity in the next filing.