$GDDY GoDaddy Inc Deep Dive and 2024 Outlook

The stock is nearing all-time-highs as more entrepreneurs are starting out

GoDaddy Inc. is a publicly traded Internet domain registry, domain registrar, and web hosting company headquartered in Tempe, Arizona. Founded in 1997 by Bob Parsons, the company has become the world's fifth-largest web host by market share, with over 62 million registered domains and around 21 million customers worldwide.

GoDaddy offers a wide range of web hosting services, including web hosting plans, website security, dedicated servers, virtual private servers, and more. The company has expanded its services beyond domain registration to cater to the needs of small businesses, providing tools for online presence, commerce, and marketing.

GoDaddy's technology infrastructure is built on Amazon Web Services (AWS), ensuring scalability and reliability. The company emphasizes customer-centric innovation, involving customers in the product development process and leveraging machine learning to personalize the customer journey. The company has a strong presence globally, with operations in 150 markets worldwide. GoDaddy is known for its advertising campaigns, which often feature celebrity endorsements.

The big questions for GoDaddy and the stock in 2024?

1. How will GoDaddy's transition to the GoDaddy Software Platform impact its growth and profitability?

2. Can GoDaddy continue to accelerate growth in its Applications and Commerce segment?

3. Can GoDaddy maintain its momentum in creating seamless customer experiences and reducing friction?

4. How effective will GoDaddy's pricing and bundling initiatives be in driving revenue and profitability?