GoDaddy posts sharp decline in fourth-quarter profit, shares fall
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GoDaddy reported a significant decline in its fourth-quarter profit, which led to a 3% drop in its share price during extended trading. The company also provided an annual revenue forecast that aligns with analysts' expectations.
February 13, 2025 | 11:30 pm
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GoDaddy experienced a sharp decline in its fourth-quarter profit, resulting in a 3% drop in its share price during extended trading. The company's annual revenue forecast is in line with analysts' estimates.
The significant drop in fourth-quarter profit is a negative indicator for GoDaddy, leading to a 3% decline in its share price. Although the revenue forecast aligns with expectations, the profit decline is likely to weigh more heavily on investor sentiment in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100