GDDY Stock Recent News

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TEMPE, Ariz. , May 31, 2024 /PRNewswire/ -- GoDaddy Inc. (NYSE: GDDY) today announced Go Daddy Operating Company, LLC and GD Finance Co, LLC (each, a subsidiary of GoDaddy Inc. and together, the "Borrowers") closed the previously announced credit agreement refinancing and extension.

Lithuanian webhosting firm Hostinger, which bills itself as a European rival to U.S. market leader GoDaddy , said on Thursday it had reached profitability for the first time, as European tech startups try and catch up with bigger U.S peers.

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GoDaddy is expanding its e-commerce and digitization platform with the help of AI, which is driving growth and increasing margins. Aero the AI tools rollout in the March Investor Day drove a valuation re-rating that needs to be followed with financial results. Market expects an uptick in growth with 20% free cash flow gains.

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TEMPE, Ariz. , May 21, 2024 /PRNewswire/ -- GoDaddy Inc. (NYSE: GDDY) today announced Go Daddy Operating Company, LLC and GD Finance Co, LLC (together with Go Daddy Operating Company, LLC, the "Borrowers") allocated a $1,000 million tranche (the "Replacement Term Loans") of term loans maturing in 2031, and in connection therewith, the Borrowers intend to refinance and extend the maturity date of all outstanding Tranche B-4 Loans and up to $278 million of outstanding Tranche B-6 Term Loans, in each case, under the Second Amended and Restated Credit Agreement, dated as of February 15, 2017 (as amended, restated, supplemented or otherwise modified, refinanced or replaced from time to time, the "Credit Agreement"), by and among the Borrowers, Desert Newco, LLC, the lenders and the other parties thereto (such refinancing and extensions, the "Term Loan Refinancing").

Wix (WIX) stock surged Monday after the provider of website creation services reported first quarter profit and revenue that topped estimates. The company raised its full-year revenue outlook. The Israel-based company said Q1 profit rose 42% to $1.29 a share, topping estimate of $1.05 per share. Revenue climbed 12% to $420 million, topping estimates of $418 million. The company said it's in the process of authorizing a new $225 million buyback of Wix stock. On the stock market today, Wix stock jumped 23.8% to close at 168.02. Heading into the Wix earnings report, the company owned an entry point of 146.21 from a cup base. Shares soared past a 5% buy zone on Monday. Wix raised its full year revenue outlook to a range of $1.738 billion to $1.761 billion, or 13% growth. Q1 bookings came in at $457.3 million, above estimates of $453.4 million. "Q1 bookings beat street by $6 million," said Jefferies analyst Brent Thill in a report. "Fiscal 2024 bookings guidance was raised by $13 million at

GoDaddy: A Leader In The Domain Business, Buy

Inflationary pressure and higher interest rates are major concerns for the Zacks Internet - Delivery Services industry. However, efforts toward adopting consumer preferences and technological advancements are likely to help GDDY, VIPS, MMYT and ASUR tide through the headwinds.