TEMPE, Ariz., Aug. 4, 2021 /PRNewswire/ -- GoDaddy Inc. (NYSE:
GDDY), the company that empowers everyday entrepreneurs, today
reported financial results for the second quarter ended
June 30, 2021.
"We're pleased with the strong quarter, and we're even more
excited about the incredible journey we see ahead for GoDaddy,"
said GoDaddy CEO Aman Bhutani. "With
strong secular tailwinds and great products on the way, we're
excited to do more for Everyday Entrepreneurs than we've ever been
able to do before."
"GoDaddy is a special place with an incredible vision, and I'm
thrilled to be a part of it," said GoDaddy CFO Mark McCaffrey. "There's an immense long-term
opportunity, and GoDaddy has the resources and people we need to
pursue that opportunity in a way that serves our customers and
creates value for shareholders."
Consolidated
Second Quarter Financial Highlights
|
|
|
Three Months Ended
June 30,
|
|
Six Months Ended
June 30,
|
|
2021
|
|
2020
|
|
Change
|
|
2021
|
|
2020
|
|
Change
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(in
millions)
|
GAAP
Results
|
|
|
|
|
|
|
|
|
|
|
|
Revenue
|
$
|
931.3
|
|
$
|
806.4
|
|
15.5
|
%
|
|
$
|
1,832.4
|
|
$
|
1,598.4
|
|
14.6
|
%
|
Net cash provided by
operating activities
|
$
|
209.4
|
|
$
|
168.1
|
|
24.6
|
%
|
|
$
|
430.7
|
|
$
|
401.4
|
|
7.3
|
%
|
Net income
(loss)
|
$
|
46.9
|
|
$
|
(673.2)
|
|
NM
|
|
$
|
57.7
|
|
$
|
(630.0)
|
|
NM
|
Non-GAAP
Results
|
|
|
|
|
|
|
|
|
|
|
|
Unlevered free cash
flow
|
$
|
237.0
|
|
$
|
185.9
|
|
27.5
|
%
|
|
$
|
505.3
|
|
$
|
420.4
|
|
20.2
|
%
|
Operating
Metric
|
|
|
|
|
|
|
|
|
|
|
|
Total
bookings
|
$
|
1,054.8
|
|
$
|
936.3
|
|
12.7
|
%
|
|
$
|
2,143.5
|
|
$
|
1,887.4
|
|
13.6
|
%
|
- Total revenue of $931.3 million,
up 15.5% year over year, or 14.3% on a constant currency
basis.
- Total bookings of $1,054.8
million, up 12.7% year over year, or 10.6% on a constant
currency basis.
- Net cash provided by operating activities of $209.4 million, up 24.6% year over year.
- Unlevered free cash flow of $237.0
million, up 27.5% year over year.
- Domains revenue of $436.7
million, up 18.2% year over year.
- Hosting and presence revenue of $318.5
million, up 9.0% year over year.
- Business applications revenue of $176.1
million, up 21.8% year over year.
- International revenue of $317.2
million, up 19.2% year over year, or 15.8% on a constant
currency basis.
Business Highlights
- Introduced GoDaddy Payments - a new payments solution that
enables Websites + Marketing and Managed WordPress WooCommerce
customers to handle all of their commerce transactions directly
through GoDaddy.
- Announced an integration with Google allowing GoDaddy's
customers to display their product inventory directly within Google
Search, Shopping, Image Search, and YouTube for free.
- GoDaddy further enhanced Facebook advertising capabilities,
allowing its customers to create and manage Facebook and Instagram
ad campaigns directly within their GoDaddy dashboard.
- Launched GoDaddy Studios, a rebranding of the Over content
creation platform, with enhanced functionality and expanded use
cases. Customers can now create eye-catching website images and
visuals with GoDaddy Studio's advanced image creation and editing
for their entire online presence.
- GoDaddy introduced a Job
Postings function within Websites + Marketing to help small
businesses struggling to staff newly re-opened businesses.
- Released its GoDaddy Pro brand in India to help increase the opportunities for
web designers and developers with our tools and services, which are
custom-built to help web pros increase efficiency and grow their
clientele.
- In June, GoDaddy published its inaugural Environmental, Social
& Governance, or ESG, report. Our ESG report outlines GoDaddy's
strategies, activities, metrics and performance progress towards
building a more sustainable future for our operations, customers,
employees and the planet.
- During Q2, GoDaddy repurchased nearly 1 million shares for an
aggregate purchase price of $81
million, with approximately $1
billion remaining under current authorizations.
Balance Sheet
At June 30, 2021, total cash and cash equivalents were
$1,375 million, total debt was
$3,937 million and net debt was
$2,562 million.
Business Outlook
For the third quarter ending September
30, 2021, GoDaddy expects revenue of approximately
$945 million, or 12% year over year
growth.
GoDaddy expects full year revenue of approximately $3.75 billion, representing 13% year over year
growth.
For the full year, GoDaddy expects unlevered free cash flow of
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
second quarter 2021 results at 5:00 p.m.
Eastern Time on August 4, 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, or technology developments and
innovation, 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; 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" in our Quarterly Report on Form 10-Q for the quarter ended
March 31, 2021 as well as those
described in "Management's Discussion and Analysis of Financial
Condition and Results of Operations" in our Annual Report on Form
10-K for the year ended December 31,
2020 and in our Quarterly Report on Form 10-Q for the
quarter ended March 31, 2021, which
are 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.
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
June
30,
|
|
Six Months
Ended
June
30,
|
|
2021
|
|
2020
|
|
2021
|
|
2020
|
Revenue:
|
|
|
|
|
|
|
|
Domains
|
$
|
436.7
|
|
$
|
369.6
|
|
$
|
859.4
|
|
$
|
725.5
|
Hosting and
presence
|
318.5
|
|
292.2
|
|
628.8
|
|
589.4
|
Business
applications
|
176.1
|
|
144.6
|
|
344.2
|
|
283.5
|
Total
revenue
|
931.3
|
|
806.4
|
|
1,832.4
|
|
1,598.4
|
Costs and operating
expenses(1)(2)
|
|
|
|
|
|
|
|
Cost of revenue
(excluding depreciation and amortization)
|
332.0
|
|
289.4
|
|
653.2
|
|
566.5
|
Technology and
development
|
172.0
|
|
135.9
|
|
358.4
|
|
270.4
|
Marketing and
advertising
|
126.5
|
|
104.4
|
|
259.2
|
|
197.5
|
Customer
care
|
78.3
|
|
83.8
|
|
156.9
|
|
169.0
|
General and
administrative
|
84.5
|
|
82.2
|
|
179.7
|
|
167.7
|
Restructuring
charges
|
—
|
|
39.4
|
|
—
|
|
39.4
|
Depreciation and
amortization
|
50.0
|
|
48.4
|
|
99.0
|
|
100.6
|
Total costs and
operating expenses
|
843.3
|
|
783.5
|
|
1,706.4
|
|
1,511.1
|
Operating
income
|
88.0
|
|
22.9
|
|
126.0
|
|
87.3
|
Interest
expense
|
(32.6)
|
|
(19.4)
|
|
(61.3)
|
|
(40.6)
|
Tax receivable
agreements liability adjustment
|
—
|
|
(674.7)
|
|
—
|
|
(674.7)
|
Other income
(expense), net
|
(0.9)
|
|
(1.1)
|
|
(0.2)
|
|
(2.5)
|
Income (loss) before
income taxes
|
54.5
|
|
(672.3)
|
|
64.5
|
|
(630.5)
|
Benefit (provision)
for income taxes
|
(7.6)
|
|
(0.9)
|
|
(6.8)
|
|
0.5
|
Net income
(loss)
|
46.9
|
|
(673.2)
|
|
57.7
|
|
(630.0)
|
Less: net income
attributable to non-controlling interests
|
0.1
|
|
—
|
|
0.1
|
|
0.3
|
Net income (loss)
attributable to GoDaddy Inc.
|
$
|
46.8
|
|
$
|
(673.2)
|
|
$
|
57.6
|
|
$
|
(630.3)
|
Net income (loss)
attributable to GoDaddy Inc. per share of Class A common
stock:
|
|
|
|
|
|
|
|
Basic
|
$
|
0.28
|
|
$
|
(4.06)
|
|
$
|
0.34
|
|
$
|
(3.72)
|
Diluted
|
$
|
0.27
|
|
$
|
(4.06)
|
|
$
|
0.33
|
|
$
|
(3.72)
|
Weighted-average
shares of Class A common stock outstanding:
|
|
|
|
|
|
|
|
Basic
|
168,204
|
|
165,845
|
|
168,816
|
|
169,479
|
Diluted
|
171,129
|
|
165,845
|
|
172,388
|
|
169,479
|
___________________________
|
|
|
|
|
|
|
|
(1) Costs and
operating expenses include equity-based compensation expense as
follows:
|
Cost of
revenue
|
$
|
0.2
|
|
$
|
0.2
|
|
$
|
0.4
|
|
$
|
0.3
|
Technology and
development
|
27.9
|
|
22.0
|
|
54.9
|
|
43.1
|
Marketing and
advertising
|
7.0
|
|
5.4
|
|
13.2
|
|
10.0
|
Customer
care
|
3.7
|
|
3.3
|
|
6.7
|
|
5.9
|
General and
administrative
|
12.6
|
|
17.7
|
|
28.8
|
|
34.7
|
Total equity-based
compensation expense
|
$
|
51.4
|
|
$
|
48.6
|
|
$
|
104.0
|
|
$
|
94.0
|
|
|
|
|
|
|
|
|
(2) Costs and
operating expenses include acquisition-related costs as
follows:
|
Technology and
development
|
$
|
4.5
|
|
$
|
1.1
|
|
$
|
33.7
|
|
$
|
2.6
|
Customer
care
|
—
|
|
(0.1)
|
|
1.4
|
|
—
|
General and
administrative
|
4.2
|
|
3.6
|
|
20.5
|
|
11.9
|
Total
acquisition-related costs
|
$
|
8.7
|
|
$
|
4.6
|
|
$
|
55.6
|
|
$
|
14.5
|
GoDaddy
Inc.
|
Condensed
Consolidated Balance Sheets (unaudited)
|
(In millions,
except per share amounts)
|
|
|
June
30,
|
|
December
31,
|
|
2021
|
|
2020
|
Assets
|
|
|
|
Current
assets:
|
|
|
|
Cash and cash
equivalents
|
$
|
1,375.2
|
|
$
|
765.2
|
Accounts and other
receivables
|
54.6
|
|
41.8
|
Registry
deposits
|
31.0
|
|
31.1
|
Prepaid domain name
registry fees
|
426.5
|
|
392.4
|
Prepaid expenses and
other current assets
|
103.5
|
|
60.8
|
Total current
assets
|
1,990.8
|
|
1,291.3
|
Property and
equipment, net
|
241.8
|
|
257.3
|
Operating lease
assets
|
128.2
|
|
142.0
|
Prepaid domain name
registry fees, net of current portion
|
183.0
|
|
176.1
|
Goodwill
|
3,525.2
|
|
3,275.1
|
Intangible assets,
net
|
1,242.4
|
|
1,255.1
|
Other
assets
|
50.7
|
|
36.0
|
Total
assets
|
$
|
7,362.1
|
|
$
|
6,432.9
|
Liabilities and
stockholders' deficit
|
|
|
|
Current
liabilities:
|
|
|
|
Accounts
payable
|
$
|
77.4
|
|
$
|
51.0
|
Accrued expenses and
other current liabilities
|
483.6
|
|
527.6
|
Deferred
revenue
|
1,871.4
|
|
1,711.3
|
Long-term
debt
|
24.1
|
|
24.3
|
Total current
liabilities
|
2,456.5
|
|
2,314.2
|
Deferred revenue, net
of current portion
|
767.0
|
|
725.1
|
Long-term debt, net
of current portion
|
3,869.3
|
|
3,090.1
|
Operating lease
liabilities, net of current portion
|
153.4
|
|
166.7
|
Other long-term
liabilities
|
62.4
|
|
56.6
|
Deferred tax
liabilities
|
84.9
|
|
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
|
1,458.0
|
|
1,308.8
|
Accumulated
deficit
|
(1,409.2)
|
|
(1,190.9)
|
Accumulated other
comprehensive loss
|
(82.3)
|
|
(131.0)
|
Total stockholders'
deficit attributable to GoDaddy Inc.
|
(33.3)
|
|
(12.9)
|
Non-controlling
interests
|
1.9
|
|
1.1
|
Total stockholders'
deficit
|
(31.4)
|
|
(11.8)
|
Total liabilities and
stockholders' deficit
|
$
|
7,362.1
|
|
$
|
6,432.9
|
GoDaddy
Inc.
|
Condensed
Consolidated Statements of Cash Flows (unaudited)
|
(In
millions)
|
|
|
Six Months
Ended
June
30,
|
|
2021
|
|
2020
|
Operating
activities
|
|
|
|
Net income
(loss)
|
$
|
57.7
|
|
$
|
(630.0)
|
Adjustments to
reconcile net income (loss) to net cash provided by operating
activities:
|
|
|
|
Depreciation and
amortization
|
99.0
|
|
100.6
|
Equity-based
compensation expense
|
104.0
|
|
94.0
|
Non-cash restructuring
charges
|
—
|
|
29.0
|
Tax receivable
agreements liability adjustment
|
—
|
|
674.7
|
Other
|
16.8
|
|
18.4
|
Changes in operating
assets and liabilities, net of amounts acquired:
|
|
|
|
Prepaid domain name
registry fees
|
(40.6)
|
|
(17.5)
|
Prepaid expenses and
other current assets
|
(20.9)
|
|
(16.9)
|
Accounts
payable
|
25.7
|
|
7.2
|
Deferred
revenue
|
196.4
|
|
155.1
|
Other operating assets
and liabilities
|
(7.4)
|
|
(13.2)
|
Net cash provided by
operating activities
|
430.7
|
|
401.4
|
Investing
activities
|
|
|
|
Maturities of
short-term investments
|
—
|
|
23.7
|
Business
acquisitions, net of cash acquired
|
(320.1)
|
|
(189.9)
|
Purchases of
intangible assets
|
(9.8)
|
|
—
|
Purchases of property
and equipment
|
(21.1)
|
|
(30.7)
|
Purchases of equity
investments
|
(10.0)
|
|
—
|
Other investing
activities
|
1.1
|
|
0.3
|
Net cash used in
investing activities
|
(359.9)
|
|
(196.6)
|
Financing
activities
|
|
|
|
Proceeds received
from:
|
|
|
|
Issuance of senior
notes
|
800.0
|
|
—
|
Stock option
exercises
|
25.8
|
|
44.5
|
Issuance of Class A
common stock under ESPP
|
18.4
|
|
17.5
|
Payments made
for:
|
|
|
|
Repurchases of Class A
common stock
|
(275.9)
|
|
(541.7)
|
Repayment of term
loans
|
(16.2)
|
|
(12.5)
|
Other financing
obligations
|
(12.5)
|
|
(1.8)
|
Net cash provided by
(used in) financing activities
|
539.6
|
|
(494.0)
|
Effect of exchange
rate changes on cash and cash equivalents
|
(0.4)
|
|
(0.9)
|
Net increase
(decrease) in cash and cash equivalents
|
610.0
|
|
(290.1)
|
Cash and cash
equivalents, beginning of period
|
765.2
|
|
1,062.8
|
Cash and cash
equivalents, end of period
|
$
|
1,375.2
|
|
$
|
772.7
|
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
June
30,
|
|
Six Months
Ended
June
30,
|
|
2021
|
|
2020
|
|
2021
|
|
2020
|
|
|
|
|
|
|
|
|
|
(in
millions)
|
Total
bookings:
|
|
|
|
|
|
|
|
Total
revenue
|
$
|
931.3
|
|
$
|
806.4
|
|
$
|
1,832.4
|
|
$
|
1,598.4
|
Change in deferred
revenue
|
66.1
|
|
59.4
|
|
188.8
|
|
155.7
|
Net
refunds
|
55.9
|
|
69.7
|
|
118.0
|
|
133.0
|
Other
|
1.5
|
|
0.8
|
|
4.3
|
|
0.3
|
Total
bookings
|
$
|
1,054.8
|
|
$
|
936.3
|
|
$
|
2,143.5
|
|
$
|
1,887.4
|
|
|
Three Months
Ended
June
30,
|
|
Six Months
Ended
June
30,
|
|
2021
|
|
2020
|
|
2021
|
|
2020
|
|
|
|
|
|
|
|
|
|
(in
millions)
|
Unlevered Free Cash
Flow:
|
|
|
|
|
|
|
|
Net cash provided by
operating activities
|
$
|
209.4
|
|
$
|
168.1
|
|
$
|
430.7
|
|
$
|
401.4
|
Cash paid for
interest on long-term debt
|
30.7
|
|
25.0
|
|
45.7
|
|
36.2
|
Cash paid for
acquisition-related costs(1)
|
8.2
|
|
9.6
|
|
46.9
|
|
13.1
|
Capital
expenditures
|
(12.1)
|
|
(17.2)
|
|
(21.1)
|
|
(30.7)
|
Cash paid for
restructuring charges(2)
|
0.8
|
|
0.4
|
|
3.1
|
|
0.4
|
Unlevered free cash
flow
|
$
|
237.0
|
|
$
|
185.9
|
|
$
|
505.3
|
|
$
|
420.4
|
|
|
|
|
|
|
|
|
|
|
(1) Cash paid for
acquisition-related costs for the six months ended June 30, 2021
includes $29.4 million in compensatory payments expensed in
connection with our February 2021 acquisition of Poynt.
|
(2) Cash paid for
restructuring charges includes lease payments related to our closed
operations in connection with the June 2020
restructuring.
|
The following table provides a reconciliation of net debt:
|
June 30,
2021
|
|
|
|
(in
millions)
|
Net Debt:
|
|
Current portion of
long-term debt
|
$
|
24.1
|
Long-term
debt
|
3,869.3
|
Unamortized original
issue discount and debt issuance costs
|
44.0
|
Total debt
|
3,937.4
|
Less: cash and cash
equivalents
|
(1,375.2)
|
Net debt
|
$
|
2,562.2
|
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:
|
June
30,
|
|
2021
|
|
2020
|
|
|
|
|
|
(in
thousands)
|
Shares
Outstanding:
|
|
|
|
Class A common
stock
|
168,720
|
|
166,751
|
Class B common
stock
|
379
|
|
1,120
|
Total common stock
outstanding
|
169,099
|
|
167,871
|
Effect of dilutive
securities(1)
|
2,521
|
|
—
|
|
171,620
|
|
167,871
|
|
|
|
|
|
|
|
|
|
|
(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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