GDDY - GoDaddy (GDDY) Up 5.5% Since Last Earnings Report: Can It Continue? | Benzinga

A month has gone by since the last earnings report for GoDaddy (NYSE:GDDY). Shares have added about 5.5% in that time frame, outperforming the S&P 500.

Will the recent positive trend continue leading up to its next earnings release, or is GoDaddy due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers.

GoDaddy Q4 Earnings Beat Estimates, Revenues Rise Y/Y

GoDaddy fourth-quarter 2023 adjusted earnings of $1.08 per share beat the Zacks Consensus Estimate by 4.85%. The bottom line jumped 74.2% year over year.

GDDY generated revenues of $1.10 billion, lagging the Zacks Consensus Estimate by 0.11%. Revenues rose 5.8% year over year on a reported basis, as well as a constant-currency (cc) basis.

Quarter in Detail

Applications & Commerce, comprising Websites + Marketing, Managed WordPress, productivity applications, and payments & commerce, generated $377.4 million (contributing 34.3% to the total revenues), up 13.2% on a year-over-year basis. The figure beat the consensus mark by 0.23%.

Core Platform, consisting of domains, aftermarket, hosting and security, increased 2.3% year over year to $722.9 million (contributing 65.7% to the total revenues). The figure ...

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