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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 1.15B | 5.6% |
| Gross Profit | 506M | 18.4% |
| Cost of Revenue | 644M | 2.8% |
| Operating expense | 204M | 7.7% |
| Net Income | 191M | 30.2% |
| EBITDA | 273M | 20.2% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 8B | 3.6% |
| Total Liabilities | 7.64B | 1% |
| Total Equity | 357M | 127.2% |
| Shares Outstanding | 140M | 0.8% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 355M | 20.5% |
| Cash from investing | -5M | 78.6% |
| Cash from financing | -30M | 94.2% |
EPS
Financial Highlights for GoDaddy in Q3 '24
GoDaddy reported a revenue of 1.15B, which is a 5.6% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 506M, marking a 18.4% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 644M, a -2.8% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 204M, showing a -7.7% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 191M, showing a 30.2% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 273M, showing a 20.2% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for GoDaddy with growth in revenue, gross profit, and net income.
