TEMPE, Ariz. - GoDaddy Inc. (NYSE: NYSE:GDDY) has announced at its Investor Day held today in Tempe its strategic plan for the next three years, focusing on revenue growth, profitability, and operational excellence. The company's CEO, Aman Bhutani, emphasized the role of generative AI in enhancing solutions for small businesses and the commitment to delivering shareholder value.
The company has set new financial targets, projecting an annual revenue growth of 6% to 8% from 2024 to 2026, primarily driven by its Applications & Commerce segment. GoDaddy also aims for a full-year normalized EBITDA margin of approximately 33% by 2026.
Moreover, the company anticipates generating $4.5 billion or more in cumulative free cash flow through the same period, with a strategy to increase free cash flow per share at a compounded annual growth rate of over 20%.
CFO Mark McCaffrey stated the company's track record of expanding normalized EBITDA margin by 100 to 200 basis points annually over the past three years and its plan to continue this trend. GoDaddy also intends to maintain its share buyback program, with $1.4 billion remaining under current share authorizations.
The event showcased GoDaddy Airo™, an AI-powered solution designed to help small business owners efficiently establish their online presence and attract new customers. The technology demonstrations highlighted GoDaddy's commitment to innovation and customer-centric product development.
GoDaddy, known for providing tools and services that support entrepreneurs globally, continues to focus on helping small business owners manage their operations with ease and the support of expert guides available around the clock.
This press release contains forward-looking statements, which are subject to risks, uncertainties, and assumptions. The company's actual results could differ materially from those projected due to various factors, including market volatility, operational disruptions, and the effectiveness of new technologies and products.
The information provided is based on a press release statement from GoDaddy Inc.
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