GDDY · GoDaddy Inc.

GoDaddy's first quarter 2026 results demonstrate continued profitable growth and strong cash generation. Total revenue of $1.27 billion grew 6% year-over-year, driven by 12% growth in Applications & Commerce (A&C) revenue to $498.2 million, while Core Platform revenue grew 3% to $768.7 million. Operating income rose 26% to $310.5 million, with operating margin expanding 380 basis points to 24.5%. Net income of $214.6 million declined 2% due to a $34.6 million non-recurring tax benefit in the prior year. Normalized EBITDA (NEBITDA) grew 13% to $413.5 million, with margin expanding 210 bps to 32.6%, reflecting disciplined cost management and operating leverage. Free cash flow increased 15% to $473.6 million, supporting $279.7 million in share repurchases (3.0 million shares). Management highlighted early success with AI-driven products, notably Airo AI Builder achieving a multi-million dollar annualized bookings run rate within weeks of beta launch. For Q2 2026, GoDaddy expects revenue of $1.285-$1.305 billion (6% YoY growth at midpoint) and NEBITDA margin of approximately 33%. Full-year 2026 revenue guidance is reaffirmed at $5.195-$5.275 billion (6% growth at midpoint), with NEBITDA margin target of over 33% and free cash flow target of approximately $1.8 billion. The strong balance sheet, with $1.3 billion cash and $2.6 billion net debt, provides flexibility for investment and shareholder returns.