GoDaddy Sees Q4 Revenue $1.165B-$1.185B Vs $1.18B Est.; FY24 Revenue $4.545B-$4.565B Vs $4.55B Est.
Portfolio Pulse from Benzinga Newsdesk
GoDaddy has raised its revenue expectations for Q4 2024 to $1.165B-$1.185B and for FY24 to $4.545B-$4.565B, both showing a 7% growth at the midpoint. The company also increased its NEBITDA margin and free cash flow targets, indicating strong financial performance.
October 30, 2024 | 8:13 pm
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GoDaddy has increased its revenue and NEBITDA margin expectations for Q4 and FY24, indicating strong financial performance. The company also raised its free cash flow targets, suggesting improved cash generation.
GoDaddy's raised revenue expectations for both Q4 and FY24, along with increased NEBITDA margin and free cash flow targets, suggest a positive outlook and strong financial health. This is likely to positively impact the stock price in the short term.
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