GoDaddy Inc. (NYSE: GDDY) reported financial results for the fourth quarter and full year that ended December 31, 2024

GoDaddy had full-year earnings per share (EPS) of $6.45. Investors were looking for more and the stock is down in after hours trading. The stock had a great run in 2024.

Full Year 2024 Business and Financial Highlights

• Total revenue of $4.6 billion, up 8% year-over-year, on a reported and constant currency basis.
• Total bookings of $5.0 billion, up 9% year-over-year, and 10% on a constant currency basis.
• Net income of $936.9 million, down 32% year-over-year, representing a 20% margin. Net income for the year ended December 31, 2023 was inclusive of a non-routine, non-cash income tax benefit related to the release of the majority of our valuation allowance.
• Normalized EBITDA (NEBITDA) of $1.4 billion, up 23% year-over-year, representing a 31% margin.
• Net cash provided by operating activities of $1.3 billion, up 23% year-over-year.
• Free cash flow of $1.4 billion, up 25% year-over-year.
• Gross payments volume (GPV) from GoDaddy’s commerce offerings grew to $2.6 billion, up 55% year-over-year.

Fourth Quarter 2024 Business and Financial Highlights

• Total revenue of $1.2 billion, up 8% year-over-year on a reported and constant currency basis.
• Total bookings of $1.2 billion, up 9% year-over-year on a reported and constant currency basis.
• Net income of $198.6 million, down 82% year-over-year, representing a 17% margin. Net income for the fourth quarter of 2023 was inclusive of a non-routine, non-cash income tax benefit related to the release of the majority of our valuation allowance.
• NEBITDA of $384.7 million, up 19% year-over-year, representing a 32% margin.
• Net cash provided by operating activities of $340.5 million, up 14% year-over-year.
• Free cash flow of $342.0 million, up 12% year-over-year.
• GoDaddy continued the feature set expansion of its AI-powered, business-in-a-box GoDaddy Airo^® experience, including launching the Airo Plus tier, offering advanced logos and imagery, AI-powered marketing tools and enhanced WordPress site building capabilities.
• In support of the WordPress community and its contributors, GoDaddy donated $0.5 million to The WP Community Collective as well as launched a re-architected Managed WordPress Hosting platform, delivering enhanced performance, scalability and security.