GoDaddy Inc. (NYSE:GDDY) shares are trading lower on Friday after the company reported fourth-quarter results after Thursday’s closing bell.

Revenue rose 8% year-over-year, on a reported and constant currency basis, to $1.192 billion, beating the consensus of $1.179 billion.

Bookings rose 9% Y/Y to $1.2 billion in the quarter. EPS of $1.36 missed the consensus of $1.43.

Operating cash flow came in at $340.5 million, up 14% Y/Y and free cash flow stood at $342.0 million, up 12% in the quarter.

As of December 31, 2024, cash and cash equivalents and short-term investments stood at $1.1 billion, and total debt was $3.9 billion.

Outlook: For the first quarter, GoDaddy expects revenue of $1.175 billion – $1.195 billion vs. consensus of $1.186 billion. 

For FY25, the company targets total revenue of $4.860 billion – $4.940 billion versus the street view of $4.897 billion.

GoDaddy expects a Normalized EBITDA margin of around 30% for the first quarter of 2025 and anticipates an expansion of about 100 basis points for the full year. 

Additionally, the company projects a free cash flow of at least $1.500 billion for 2025 versus the $1.356 billion of free cash flow generated in 2024.

GoDaddy CEO Aman Bhutani said, “Looking ahead to 2025, we are excited to further innovate around GoDaddy Airo, enhance our integrated technology platform and create even more value for our customers.”

These analysts made changes to their price targets on GoDaddy:

• Piper Sandler analyst Clarke Jeffries maintained GoDaddy with a Neutral and raised the price target from $176 to $177.
• Morgan Stanley analyst Elizabeth Elliott maintained GoDaddy with an Equal-Weight and raised the price target from $227 to $228.

Investors can gain exposure to the stock via Global X E-Commerce ETF (NASDAQ:EBIZ) and Collaborative Investment Series Trust Mohr Company Nav ETF (BATS:CNAV).

Price Action: GDDY shares are down 12% at $187.09 at the last check Friday.

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