Why GoDaddy Stock Crashed Today
Shares of website company GoDaddy (NYSE: GDDY) crashed on Friday after the company released its financial results for the fourth quarter of 2024. As of 12:50 p.m. ET, GoDaddy stock was down about 13%.For Q4, GoDaddy expected to grow revenue by only about 7% year over year, but it wound up growing by 8% to $1.2 billion. And for 2025, the company expects to grow by another 7%, which isn't bad considering its current growth rate and size. Moreover, its 2024 revenue beat analysts' expectations.However, GoDaddy had full-year earnings per share (EPS) of $6.45. While that was down significantly year over year, 2023 had a huge tax benefit that boosted profits. So the year-over-year decline wasn't the problem. The problem was that investors had expected EPS just a tad higher.Continue reading
Shares of website company GoDaddy (NYSE: GDDY) crashed on Friday after the company released its financial results for the fourth quarter of 2024. As of 12:50 p.m. ET, GoDaddy stock was down about 13%.
For Q4, GoDaddy expected to grow revenue by only about 7% year over year, but it wound up growing by 8% to $1.2 billion. And for 2025, the company expects to grow by another 7%, which isn't bad considering its current growth rate and size. Moreover, its 2024 revenue beat analysts' expectations.
However, GoDaddy had full-year earnings per share (EPS) of $6.45. While that was down significantly year over year, 2023 had a huge tax benefit that boosted profits. So the year-over-year decline wasn't the problem. The problem was that investors had expected EPS just a tad higher.
