SCOTTSDALE, Ariz., May 5,
2021 /PRNewswire/ -- GoDaddy Inc. (NYSE: GDDY), the company that
empowers everyday entrepreneurs, today reported financial results
for the first quarter ended March 31, 2021. GoDaddy also
announced that Mark McCaffrey will
be joining the company as its new Chief Financial Officer and
Michele Lau will be joining as its new Chief Legal
Officer.
"We're thrilled to report such a great start to what we believe
will be a fantastic year for GoDaddy and our customers," said
GoDaddy CEO Aman Bhutani. "Our teams
are moving faster than ever to deliver seamlessly intuitive
products and experiences for Everyday Entrepreneurs, and we're
committed to bringing the right products, people, and strategy
ensuring we continually provide more and more value to our
customers."
"We reported our first $1 billion
bookings quarter on strong demand as we invest to grow and scale
the business. The strategy articulated a year ago is working,
driving four quarters of accelerating growth and meaningful upside
to our estimates," said GoDaddy CFO Ray
Winborne. "And our focus on prudent capital allocation is
unwavering, as proven by four recently announced acquisitions and
repurchasing 2% of our outstanding shares at attractive
prices."
"Over the past 25 years I have worked with Mark McCaffrey in multiple CFO and board roles.
He has had a stellar career at PwC, including playing a critical
role in the business model transformation at Adobe. His experiences
will translate well into his new role at GoDaddy," said GoDaddy
Board Director, Mark Garrett. "I'm
excited to have him on the team and looking forward to working with
him again."
Consolidated First Quarter Financial
Highlights
|
Three Months Ended
March 31,
|
|
2021
|
|
2020
|
|
Change
|
|
|
|
|
|
|
|
(in
millions)
|
GAAP
Results
|
|
|
|
|
|
Revenue
|
$
|
901.1
|
|
|
$
|
792.0
|
|
|
13.8
|
%
|
Net cash provided by
operating activities
|
$
|
221.3
|
|
|
$
|
233.3
|
|
|
(5.1)
|
%
|
Net income
|
$
|
10.8
|
|
|
$
|
43.2
|
|
|
NM
|
Non-GAAP
Results
|
|
|
|
|
|
Unlevered free cash
flow
|
$
|
268.3
|
|
|
$
|
234.5
|
|
|
14.4
|
%
|
Operating
Metric
|
|
|
|
|
|
Total
bookings
|
$
|
1,088.7
|
|
|
$
|
951.1
|
|
|
14.5
|
%
|
- Total revenue of $901.1 million,
up 13.8% year over year, or 13.4% on a constant currency
basis.
- Total bookings of $1,088.7
million, up 14.5% year over year, or 13.5% on a constant
currency basis.
- Net cash provided by operating activities of $221.3 million, down 5.1% year over year.
- Unlevered free cash flow of $268.3
million, up 14.4% year over year.
- Domains revenue of $422.7
million, up 18.8% year over year.
- Hosting and presence revenue of $310.3
million, up 4.4% year over year.
- Business applications revenue of $168.1
million, up 21.0% year over year.
- International revenue of $303.1
million, up 15.5% year over year, or 14.4% on a constant
currency basis.
Business Highlights
- Year-to-date through May 5,
GoDaddy repurchased 3.5 million shares of its Class A common stock
for an aggregate purchase price of $275.8
million for an average price per share of $78.81. These repurchases represent an
approximately 2% reduction in fully diluted shares outstanding. The
Board of Directors also approved an incremental $775 million share repurchase authorization,
bringing the total repurchase capacity to $1
billion.
- GoDaddy launched payments within its WooCommerce plugin for
WordPress, the largest content management system in the world.
- In April, GoDaddy launched Facebook Boosted Posts, empowering
GoDaddy customers to create and manage simple advertising campaigns
on Facebook from within Websites + Marketing.
- Websites + Marketing, GoDaddy's suite of online presence
solutions, now empowers GoDaddy customers to create, edit, post,
and engage on Instagram directly within their Websites + Marketing
dashboard.
- GoDaddy launched Online Appointments Social Composer, helping
GoDaddy's service-based customers market their services and drive
appointment bookings on their website through social media
channels.
- GoDaddy released Action Plan, embedding guidance directly in
the Websites + Marketing editor which leverages data from millions
of websites to provide GoDaddy customers with their next best
action.
- GoDaddy launched a plugin bundle expansion for its Managed
WordPress e-Commerce customers, featuring free access to a library
of over 75 premium WooCommerce extensions giving web designers and
developers (Pros) greater flexibility and infinite possibility to
create fully featured and customized WooCommerce stores for their
clients and increasing the value of GoDaddy's plugins to the Pro
community.
- GoDaddy hosted Expand 2021, its first ever conference for web
designers and developers, bringing the community together to share
ideas and experiences, make connections and support each other.
Thousands of Pros registered and shared positive feedback from the
virtual event, helping GoDaddy deliver on its commitment to unlock
the power of its Pro community and help Pro customers upskill and
drive their own success.
- In April 2021, GoDaddy acquired
Re:amaze giving small businesses the ability to communicate with
customers across email, text, online chat, social media, voice and
video conversations in one shared inbox. With automated bot support
and one-click access to live support, Re:amaze gives small
businesses the tools to have meaningful, real-time conversations
with customers, whenever and wherever they want to engage.
- GoDaddy Registry announced that it is acquiring the .club and
.design domain extensions, as well as 28 domain extensions and
certain other business assets owned and operated by Minds +
Machines Group Limited (MMX), further enhancing GoDaddy's strength
and offerings in the domains space.
- In February 2021, GoDaddy issued
$800 million unsecured senior notes
in a private placement offering with the proceeds retained for
general corporate purposes. The senior notes were issued at par and
bear interest at 3.5%, maturing on March 1,
2029.
Balance Sheet
At March 31, 2021, total cash and cash equivalents were
$1,293.1 million, total debt was
$3,945.5 million and net debt was
$2,652.4 million.
Share Repurchase Authorization
GoDaddy today announces that its Board of Directors has approved
an incremental $775 million share
repurchase authorization, bringing the total repurchase capacity to
$1 billion. GoDaddy may purchase
shares of its Class A common stock from time to time in open market
purchases, block transactions and privately negotiated
transactions, in accordance with applicable federal securities
laws. The program has no time limit and may be modified, suspended
or terminated by the company at any time without prior notice. The
amount and timing of repurchases are subject to a variety of
factors including liquidity, share price, market conditions, and
legal requirements. Share repurchases will be funded by available
cash and cash equivalents.
Business Outlook
For the second quarter ending June 30,
2021, GoDaddy expects revenue of approximately $920 million, or approximately 14% year over year
growth. Revenue growth by category is expected to approximate
high-teens growth in Domains, and Business Applications with
high-single-digit growth in Hosting and Presence.
GoDaddy raised its full year revenue expectations by
$45 million to $3.745 billion, representing approximately 13%
year over year growth. Revenue growth by category is expected to
approximate double-digit growth in Domains, high-single-digit
growth in Hosting and Presence, and high-teens growth in Business
Applications.
For the full year, GoDaddy raised its unlevered free cash flow
expectation to approximately $955
million, representing full year growth of 16% versus
2020.
Our consolidated financial statements are prepared in accordance
with generally accepted accounting principles in the United States (GAAP). We do not provide
reconciliations from non-GAAP guidance to GAAP, because projections
of changes in individual balance sheet amounts are not possible
without unreasonable effort, and presentation of such
reconciliations would imply an inappropriate degree of precision.
Our reported results provide reconciliations of non-GAAP financial
measures to their nearest GAAP equivalents.
Quarterly Conference Call and Webcast
GoDaddy will host a conference call and webcast to discuss first
quarter 2021 results at 5:00 p.m. Eastern
Time on May 5, 2021. To hear the call, please
pre-register online at
https://investors.godaddy.net/investor-relations/overview/default.aspx
for webcast information. A live webcast of the call, together with
a slide presentation including supplemental financial information
and reconciliations of certain non-GAAP measures to their nearest
comparable GAAP measures, will be available through GoDaddy's
Investor Relations website at https://investors.godaddy.net. A
transcript of pre-recorded remarks will be available on the
Investor Relations website at the time of the earnings call.
Following the call, a recorded replay of the webcast will be
available on the website.
GoDaddy Inc. uses its Investor Relations website at
https://investors.godaddy.net as a means of disclosing material
non-public information and for complying with its disclosure
obligations under Regulation FD. Accordingly, investors should
monitor GoDaddy's Investor Relations website, in addition to
following press releases, Securities and Exchange Commission (SEC)
filings, public conference calls and webcasts.
Forward-Looking Statements
This press release contains forward-looking statements which are
subject to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. These statements are based on
estimates and information available to us at the time of this press
release and are not guarantees of future performance. Statements in
this release involve risks, uncertainties and assumptions. If the
risks or uncertainties materialize or the assumptions prove
incorrect, our results may differ materially from those expressed
or implied by such forward-looking statements. All statements other
than statements of historical fact could be deemed forward-looking
statements, including, but not limited to: launches of new or
expansion of existing products or services, any projections of
product or service availability, technology developments and
innovation, customer growth, or other future events; any statements
about historical results that may suggest future trends for our
business; any statements regarding our plans, strategies or
objectives with respect to future operations, including
international expansion plans, partner integrations and marketing
strategy; any statements regarding future financial results;
statements concerning GoDaddy's ability to integrate its
acquisitions and achieve desired synergies and vertical
integration; changes to executive leadership; and any statements of
assumptions underlying any of the foregoing.
Actual results could differ materially from our current
expectations as a result of many factors, including, but not
limited to: the unpredictable nature of our rapidly evolving
market; fluctuations in our financial and operating results; our
rate of growth; interruptions or delays in our service or our web
hosting; breaches of our security measures; the impact of any
previous or future acquisitions; our ability to continue to
release, and gain customer acceptance of, our existing and future
products and services; our ability to manage our growth; our
ability to hire, retain and motivate employees; the effects of
competition; technological, regulatory and legal developments;
intellectual property litigation; developments in the economy,
financial markets and credit markets, including as a result of
COVID-19; and execution of share repurchases.
Additional risks and uncertainties that could affect GoDaddy's
financial results are included in the other filings we make with
the SEC from time to time, including those described in "Risk
Factors" and "Management's Discussion and Analysis of Financial
Condition" in our Annual Report on Form 10-K for the year ended
December 31, 2020, which is available
on GoDaddy's website at https://investors.godaddy.net and on the
SEC's website at www.sec.gov. Additional information will also be
set forth in other filings that GoDaddy makes with the SEC from
time to time. All forward-looking statements in this press release
are based on information available to GoDaddy as of the date
hereof. GoDaddy does not assume any obligation to update the
forward-looking statements provided to reflect events that occur or
circumstances that exist after the date on which they were
made.
Non-GAAP Financial Measures and Other Operating
Metrics
In addition to our results determined in accordance with GAAP,
this release includes certain non-GAAP financial measures and other
operating metrics. We believe that these non-GAAP financial
measures and other operating metrics are useful as a supplement in
evaluating our ongoing operational performance and enhancing an
overall understanding of our past financial performance. The
non-GAAP financial measures included in this release should not be
considered in isolation from, or as a substitute for, financial
information prepared in accordance with GAAP. A reconciliation
between each non-GAAP financial measure and its nearest GAAP
equivalent is included in this release following the financial
statements. We use both GAAP and non-GAAP measures to evaluate and
manage our operations.
Total bookings. Total bookings represents cash receipts
from the sale of products to customers in a given period adjusted
for products where we recognize revenue on a net basis and without
giving effect to certain adjustments, primarily net refunds granted
in the period. Total bookings provides valuable insight into the
sales of our products and the performance of our business since we
typically collect payment at the time of sale and recognize revenue
ratably over the term of our customer contracts. We report total
bookings without giving effect to refunds granted in the period
because refunds often occur in periods different from the period of
sale for reasons unrelated to the marketing efforts leading to the
initial sale. Accordingly, by excluding net refunds, we believe
total bookings reflects the effectiveness of our sales efforts in a
given period.
Unlevered Free Cash Flow. Unlevered free cash flow is a
measure of our liquidity used by management to evaluate our
business prior to the impact of our capital structure and
restructuring and after purchases of property and equipment. Such
liquidity can be used by us for strategic opportunities and
strengthening our balance sheet. However, given our debt
obligations, unlevered free cash flow does not represent residual
cash flow available for discretionary expenses.
Net Debt. We define net debt as total debt less cash and
cash equivalents and short-term investments. Total debt consists of
the current portion of long-term debt plus long-term debt and
unamortized original issue discount and debt issuance costs. Our
management reviews net debt as part of its management of our
overall liquidity, financial flexibility, capital structure and
leverage and we believe such information is useful to investors.
Furthermore, certain analysts and debt rating agencies monitor our
net debt as part of their assessments of our business.
Gross Merchandise Volume (GMV). GMV is an operating
metric and represents the total dollar value of orders facilitated
by our customers through the Websites + Marketing and Sellbrite
platforms, including shipping and handling, and taxes, and is shown
net of discounts, and returns (where visibility exists). While GMV
is not indicative of our performance, we believe it is helpful to
illustrate the volume of commerce facilitated by our products.
About GoDaddy
GoDaddy is empowering everyday entrepreneurs around the
world by providing all of the help and tools to succeed online.
GoDaddy is the place people come to name their idea, build a
professional website, attract customers, sell their products and
services and manage their work. Our mission is to give our
customers the tools, insights and the people to transform their
ideas and personal initiative into success. To learn more about the
company visit www.GoDaddy.com.
GoDaddy
Inc.
Condensed
Consolidated Statements of Operations (unaudited)
(In millions,
except shares in thousands and per share amounts)
|
|
|
Three Months
Ended
March
31,
|
|
2021
|
|
2020
|
Revenue:
|
|
|
|
Domains
|
$
|
422.7
|
|
|
$
|
355.9
|
|
Hosting and
presence
|
310.3
|
|
|
297.2
|
|
Business
applications
|
168.1
|
|
|
138.9
|
|
Total
revenue
|
901.1
|
|
|
792.0
|
|
Costs and operating
expenses(1)(2)
|
|
|
|
Cost of revenue
(excluding depreciation and amortization)
|
321.2
|
|
|
277.1
|
|
Technology and
development
|
186.4
|
|
|
134.5
|
|
Marketing and
advertising
|
132.7
|
|
|
93.1
|
|
Customer
care
|
78.6
|
|
|
85.2
|
|
General and
administrative
|
95.2
|
|
|
85.5
|
|
Depreciation and
amortization
|
49.0
|
|
|
52.2
|
|
Total costs and
operating expenses
|
863.1
|
|
|
727.6
|
|
Operating
income
|
38.0
|
|
|
64.4
|
|
Interest
expense
|
(28.7)
|
|
|
(21.2)
|
|
Other income
(expense), net
|
0.7
|
|
|
(1.4)
|
|
Income before income
taxes
|
10.0
|
|
|
41.8
|
|
Benefit for income
taxes
|
0.8
|
|
|
1.4
|
|
Net income
|
10.8
|
|
|
43.2
|
|
Less: net income
attributable to non-controlling interests
|
—
|
|
|
0.3
|
|
Net income
attributable to GoDaddy Inc.
|
$
|
10.8
|
|
|
$
|
42.9
|
|
Net income
attributable to GoDaddy Inc. per share of Class A common
stock:
|
|
|
|
Basic
|
$
|
0.06
|
|
|
$
|
0.25
|
|
Diluted
|
$
|
0.06
|
|
|
$
|
0.24
|
|
Weighted-average
shares of Class A common stock outstanding:
|
|
|
|
Basic
|
169,435
|
|
|
173,113
|
|
Diluted
|
173,053
|
|
|
177,857
|
|
___________________________
|
|
|
|
(1) Costs and
operating expenses include equity-based compensation expense as
follows:
|
Cost of
revenue
|
$
|
0.2
|
|
|
$
|
0.1
|
|
Technology and
development
|
27.0
|
|
|
21.1
|
|
Marketing and
advertising
|
6.2
|
|
|
4.6
|
|
Customer
care
|
3.0
|
|
|
2.6
|
|
General and
administrative
|
16.2
|
|
|
17.0
|
|
Total equity-based
compensation expense
|
$
|
52.6
|
|
|
$
|
45.4
|
|
|
|
|
|
(2) Costs and
operating expenses include acquisition-related costs as
follows:
|
Technology and
development
|
$
|
29.2
|
|
|
$
|
1.5
|
|
Customer
care
|
1.4
|
|
|
0.1
|
|
General and
administrative
|
16.3
|
|
|
8.3
|
|
Total
acquisition-related costs
|
$
|
46.9
|
|
|
$
|
9.9
|
|
GoDaddy
Inc.
Condensed
Consolidated Balance Sheets (unaudited)
(In millions,
except per share amounts)
|
|
|
March
31,
|
|
December
31,
|
|
2021
|
|
2020
|
Assets
|
|
|
|
Current
assets:
|
|
|
|
Cash and cash
equivalents
|
$
|
1,293.1
|
|
|
$
|
765.2
|
|
Accounts and other
receivables
|
48.3
|
|
|
41.8
|
|
Registry
deposits
|
28.9
|
|
|
31.1
|
|
Prepaid domain name
registry fees
|
413.8
|
|
|
392.4
|
|
Prepaid expenses and
other current assets
|
107.6
|
|
|
60.8
|
|
Total current
assets
|
1,891.7
|
|
|
1,291.3
|
|
Property and
equipment, net
|
246.5
|
|
|
257.3
|
|
Operating lease
assets
|
134.1
|
|
|
142.0
|
|
Prepaid domain name
registry fees, net of current portion
|
183.2
|
|
|
176.1
|
|
Goodwill
|
3,496.2
|
|
|
3,275.1
|
|
Intangible assets,
net
|
1,262.6
|
|
|
1,255.1
|
|
Other
assets
|
45.0
|
|
|
36.0
|
|
Total
assets
|
$
|
7,259.3
|
|
|
$
|
6,432.9
|
|
Liabilities and
stockholders' deficit
|
|
|
|
Current
liabilities:
|
|
|
|
Accounts
payable
|
$
|
70.5
|
|
|
$
|
51.0
|
|
Accrued expenses and
other current liabilities
|
494.2
|
|
|
527.6
|
|
Deferred
revenue
|
1,806.2
|
|
|
1,711.3
|
|
Long-term
debt
|
24.1
|
|
|
24.3
|
|
Total current
liabilities
|
2,395.0
|
|
|
2,314.2
|
|
Deferred revenue, net
of current portion
|
762.3
|
|
|
725.1
|
|
Long-term debt, net
of current portion
|
3,874.9
|
|
|
3,090.1
|
|
Operating lease
liabilities, net of current portion
|
160.0
|
|
|
166.7
|
|
Other long-term
liabilities
|
55.5
|
|
|
56.6
|
|
Deferred tax
liabilities
|
82.6
|
|
|
92.0
|
|
Commitments and
contingencies
|
|
|
|
Stockholders'
deficit:
|
|
|
|
Preferred stock,
$0.001 par value
|
—
|
|
|
—
|
|
Class A common stock,
$0.001 par value
|
0.2
|
|
|
0.2
|
|
Class B common stock,
$0.001 par value
|
—
|
|
|
—
|
|
Additional paid-in
capital
|
1,373.4
|
|
|
1,308.8
|
|
Accumulated
deficit
|
(1,375.2)
|
|
|
(1,190.9)
|
|
Accumulated other
comprehensive loss
|
(71.2)
|
|
|
(131.0)
|
|
Total stockholders'
deficit attributable to GoDaddy Inc.
|
(72.8)
|
|
|
(12.9)
|
|
Non-controlling
interests
|
1.8
|
|
|
1.1
|
|
Total stockholders'
deficit
|
(71.0)
|
|
|
(11.8)
|
|
Total liabilities and
stockholders' deficit
|
$
|
7,259.3
|
|
|
$
|
6,432.9
|
|
GoDaddy
Inc.
Condensed
Consolidated Statements of Cash Flows (unaudited)
(In
millions)
|
|
|
Three Months
Ended
March
31,
|
|
2021
|
|
2020
|
Operating
activities
|
|
|
|
Net income
|
$
|
10.8
|
|
|
$
|
43.2
|
|
Adjustments to
reconcile net income to net cash provided by operating
activities:
|
|
|
|
Depreciation and
amortization
|
49.0
|
|
|
52.2
|
|
Equity-based
compensation expense
|
52.6
|
|
|
45.4
|
|
Other
|
6.4
|
|
|
7.1
|
|
Changes in operating
assets and liabilities, net of amounts acquired:
|
|
|
|
Registry
deposits
|
2.1
|
|
|
5.4
|
|
Prepaid domain name
registry fees
|
(28.3)
|
|
|
(12.6)
|
|
Deferred
revenue
|
127.1
|
|
|
96.5
|
|
Other operating assets
and liabilities
|
1.6
|
|
|
(3.9)
|
|
Net cash provided by
operating activities
|
221.3
|
|
|
233.3
|
|
Investing
activities
|
|
|
|
Maturities of
short-term investments
|
—
|
|
|
23.7
|
|
Business
acquisitions, net of cash acquired
|
(298.5)
|
|
|
(146.4)
|
|
Purchases of property
and equipment
|
(9.0)
|
|
|
(13.5)
|
|
Other investing
activities
|
1.0
|
|
|
0.3
|
|
Net cash used in
investing activities
|
(306.5)
|
|
|
(135.9)
|
|
Financing
activities
|
|
|
|
Proceeds received
from:
|
|
|
|
Issuance of senior
notes
|
800.0
|
|
|
—
|
|
Stock option
exercises
|
11.6
|
|
|
15.3
|
|
Payments made
for:
|
|
|
|
Repurchases of Class A
common stock
|
(180.1)
|
|
|
(315.7)
|
|
Repayment of term
loans
|
(8.1)
|
|
|
(6.2)
|
|
Other financing
obligations
|
(9.7)
|
|
|
(0.7)
|
|
Net cash provided by
(used in) financing activities
|
613.7
|
|
|
(307.3)
|
|
Effect of exchange
rate changes on cash and cash equivalents
|
(0.6)
|
|
|
(1.5)
|
|
Net increase
(decrease) in cash and cash equivalents
|
527.9
|
|
|
(211.4)
|
|
Cash and cash
equivalents, beginning of period
|
765.2
|
|
|
1,062.8
|
|
Cash and cash
equivalents, end of period
|
$
|
1,293.1
|
|
|
$
|
851.4
|
|
Reconciliation of Non-GAAP Financial Measures and Other
Operating Metric
The following tables reconcile each non-GAAP financial measure
and other operating metric to its most directly comparable GAAP
financial measure:
|
Three Months
Ended
March
31,
|
|
2021
|
|
2020
|
|
|
|
|
|
(in
millions)
|
Total
bookings:
|
|
|
|
Total
revenue
|
$
|
901.1
|
|
|
$
|
792.0
|
|
Change in deferred
revenue
|
122.7
|
|
|
96.3
|
|
Net
refunds
|
62.1
|
|
|
63.3
|
|
Other
|
2.8
|
|
|
(0.5)
|
|
Total
bookings
|
$
|
1,088.7
|
|
|
$
|
951.1
|
|
|
|
Three Months
Ended
March
31,
|
|
2021
|
|
2020
|
|
|
|
|
|
(in
millions)
|
Unlevered Free Cash
Flow:
|
|
|
|
Net cash provided by
operating activities
|
$
|
221.3
|
|
|
$
|
233.3
|
|
Cash paid for
interest on long-term debt
|
15.0
|
|
|
11.2
|
|
Cash paid for
acquisition-related costs(1)
|
38.7
|
|
|
3.5
|
|
Capital
expenditures
|
(9.0)
|
|
|
(13.5)
|
|
Cash paid for
restructuring charges(2)
|
2.3
|
|
|
—
|
|
Unlevered free cash
flow
|
$
|
268.3
|
|
|
$
|
234.5
|
|
_______________________________
|
(1) Includes $29.4
million in compensatory payments expensed in connection with our
February 2021 acquisition of Poynt.
|
(2) Includes lease
payments related to our Austin facility, which was closed in
connection with the June 2020 restructuring.
|
The following table provides a reconciliation of net debt:
|
March 31,
2021
|
|
|
|
(in
millions)
|
Net Debt:
|
|
Current portion of
long-term debt
|
$
|
24.1
|
|
Long-term
debt
|
3,874.9
|
|
Unamortized original
issue discount and debt issuance costs
|
46.5
|
|
Total debt
|
3,945.5
|
|
Less: cash and cash
equivalents
|
(1,293.1)
|
|
Net debt
|
$
|
2,652.4
|
|
Shares Outstanding
Shares of Class B common stock do not share in our earnings and
are not participating securities. Total shares of common stock
outstanding are as follows:
|
March
31,
|
|
2021
|
|
2020
|
|
|
|
|
|
(in
thousands)
|
Shares
Outstanding:
|
|
|
|
Class A common
stock
|
168,445
|
|
|
167,627
|
|
Class B common
stock
|
479
|
|
|
1,286
|
|
Total common stock
outstanding
|
168,924
|
|
|
168,913
|
|
Effect of dilutive
securities(1)
|
3,034
|
|
|
3,384
|
|
|
171,958
|
|
|
172,297
|
|
_______________________________
|
(1) Calculated using
the treasury stock method, which excludes the impact of
antidilutive securities.
|
Source: GoDaddy Inc.
© 2021 GoDaddy Inc. All Rights Reserved.
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SOURCE GoDaddy Inc.