GoDaddy provides domain registration services, content management software, and business application products. It has healthy free cash flow margins with some interesting growth opportunities.
Think you're missing bigger picture - they're basically using the domain moat (over 20% of total domains under management flow through GoDaddy) as a beachhead for higher LTV customer acquisition, i.e. website building/presence/commerce, which is growing like a weed.
#017 - GoDaddy
Think you're missing bigger picture - they're basically using the domain moat (over 20% of total domains under management flow through GoDaddy) as a beachhead for higher LTV customer acquisition, i.e. website building/presence/commerce, which is growing like a weed.