GoDaddy Q1 Earnings Call Highlights
In the Applications & Commerce (A&C) segment, revenue grew 12% to $0.5 billion, supported by attach of subscription-based solutions. McCaffrey said A&C ARR grew 10% and the segment now represents about 40% of total business. Segment EBITDA margin improved 110 basis points to 45% “on product mix.”Chief Financial Officer Mark McCaffrey said GoDaddy delivered revenue “at the high end of our guidance” and generated trailing 12-month free cash flow of $1.68 billion. Total revenue grew 6% on both a reported and c ...