GoDaddy investors faced a rough day as stock prices dropped over 14% following the company’s latest earnings report. The report revealed that the company achieved Q4 revenue of $1.19 billion, exceeding its own guidance of $1.165 billion to $1.185 billion. However, GoDaddy’s earnings per share fell short of analyst expectations, triggering a selloff among shareholders.

In detail, revenue from the Core Platform—encompassing domains, the aftermarket, and legacy hosting—experienced a 3.9% year-over-year increase in Q4. Additionally, the Applications & Commerce segment saw a significant 16.9% increase. Despite these gains, the aftermarket revenue specifically for Q4 was reported at $117 million, a slight decline of 1% compared to Q4 2023. On a broader scale, aftermarket revenue rose 5% to a total of $457 million for the entire year.

For the full year of 2024, GoDaddy reported total revenue of $4.57 billion, marking a 7.5% increase from the previous year. Looking forward, the company projects its total revenue for the current year to fall between $4.860 billion and $4.940 billion.

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