# EDGAR Filing Document

**Accession Number:** 0001609711
**File Stem:** 0001609711-23-000028
**Filing Date:** 2023-2
**Character Count:** 47547
**Document Hash:** 0b5411c5dc6d0e4ddda74b133951de53
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001609711-23-000028.hdr.sgml**: 20230214

**ACCESSION NUMBER**: 0001609711-23-000028

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 15

**CONFORMED PERIOD OF REPORT**: 20230208

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Cost Associated with Exit or Disposal Activities

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230214

**DATE AS OF CHANGE**: 20230214

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** GoDaddy Inc.
- **CENTRAL INDEX KEY:** 0001609711
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373]
- **IRS NUMBER:** 465769934
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-36904
- **FILM NUMBER:** 23629323

**BUSINESS ADDRESS:**
- **STREET 1:** 2155 E. GODADDY WAY
- **CITY:** TEMPE
- **STATE:** AZ
- **ZIP:** 85284
- **BUSINESS PHONE:** (480)505-8800

**MAIL ADDRESS:**
- **STREET 1:** 2155 E. GODADDY WAY
- **CITY:** TEMPE
- **STATE:** AZ
- **ZIP:** 85284

?xml version="1.0" ? gddy-20230208

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K** 

 

**CURRENT REPORT**

**Pursuant to Section 13 OR 15(d) of** 

**The Securities Exchange Act of 1934**

**Date of Report (Date of earliest event reported)**

**February 8, 2023** 

**GoDaddy Inc.** 

**(Exact name of registrant as specified in its charter)**

---

| | | | |
|:---|:---|:---|:---|
| **Delaware** | **001-36904** | **001-36904** | **46-5769934** |
| (State or other jurisdiction of incorporation or organization) | (Commission File Number) | (Commission File Number) | (I.R.S. Employer Identification No.) |
| **2155 E. GoDaddy Way** | **Tempe** | **Arizona** | **85284** |
| (Address of Principal Executive Offices) | (Address of Principal Executive Offices) | (Address of Principal Executive Offices) | (Zip Code) |

---

**(480) 505-8800** 

Registrant's telephone number, including area code

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
| Class A Common Stock, $0.001 par value per share | GDDY | New York Stock Exchange |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

◻

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**Item 2.02&nbsp;&nbsp;&nbsp;&nbsp;Results of Operations and Financial Condition**

On February 14, 2023, GoDaddy Inc. (the "Company") issued a press release and will hold a conference call announcing its financial results for the quarter and year ended December 31, 2022. A copy of the press release is furnished as Exhibit 99.1 to this Form 8-K and is incorporated by reference herein.

This information shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

The Company refers to non-GAAP financial information in both the press release and the conference call. A reconciliation of these non-GAAP financial measures to the comparable GAAP financial measures is contained in the attached press release.

**Item 2.05&nbsp;&nbsp;&nbsp;&nbsp;Costs Associated with Exit or Disposal Activities**

On February 8, 2023, the Audit and Finance Committee of the Board of Directors of the Company authorized a restructuring plan (the "Plan") to reduce future operating expenses and improve cash flows of the Company through a combination of a reduction in force and a rationalization of its portfolio. As part of the Plan, the Company announced a reduction in its current workforce of approximately 550 employees, representing roughly 8% of the Company's employees.

The Company estimates it will incur approximately $55 to $65 million of pre-tax restructuring and exit related charges, of which $30 to $40 million represents future cash expenditures for the payment of severance and related benefit costs and approximately $25 million represents non-cash pre-tax charges in connection with the disposition of certain assets. The Company expects that the majority of these charges will be incurred in the first quarter of 2023 and that the Plan will be substantially complete in the first half of 2023.

Potential position eliminations in each country are subject to local law and consultation requirements, which may extend Plan implementation beyond the first quarter of 2023 in certain countries. The charges that the Company expects to incur are subject to a number of assumptions, including local law requirements in various jurisdictions, and actual expenses may differ from the estimates disclosed above.

**Forward Looking Statements**

This Current Report on Form 8-K contains forward-looking within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally relate to future events or the Company's future financial or operating performance. Forward-looking statements generally relate to future events or the Company's future financial or operating performance. In some cases, you can identify forward looking statements because they contain words such as "may," "will," "should," "expects," "plans," "anticipates," "going to," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these words or other similar terms or expressions that concern the Company's expectations, strategy, priorities, plans or intentions. Forward-looking statements in this Current Report on Form 8-K include, but are not limited to, statements regarding the Company's future financial and operating performance and the Company's expected costs related to restructuring and related charges, including the timing of such charges. The Company's expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected. The forward-looking statements contained in this Current Report on Form 8-K are also subject to other risks and uncertainties, including those more fully described in the Company's filings with the Securities and Exchange Commission ("SEC"), including the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2021, the Company's Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2022 as filed with the SEC, the and the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2022 that will be subsequently filed. The forward-looking statements in this Current Report on Form 8-K are based on information available to the Company as of the date hereof, and the Company disclaims any obligation to update any forward-looking statements, except as required by law.

------

**Item 9.01&nbsp;&nbsp;&nbsp;&nbsp;Financial Statements and Exhibits**

*(d)&nbsp;&nbsp;&nbsp;&nbsp;Exhibits*

---

| | |
|:---|:---|
| **Exhibit Number** | **Exhibit Description** |
| 99.1 | <u>[Press release of GoDaddy Inc. dated February 14, 2023](a12312022-ex991q4earningsr.htm)</u> |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
| | | **GODADDY INC.** |
| Date: | February 14, 2023 | /s/ Mark McCaffrey |
| | | Mark McCaffrey |
| | | Chief Financial Officer |

---

## Exhibit 99.1

![gd_lockupxcmykxblacka.jpg](gd_lockupxcmykxblacka.jpg)

news release

**GODADDY REPORTS FOURTH QUARTER AND FULL YEAR 2022 RESULTS**

*2022 Revenue up 7%; Cash Provided by Operating Activities up 18%; Free Cash Flow up 13%;* 

*Announced Partnership Agreement with FIS Worldpay*

TEMPE, Ariz., February 14, 2023 /PRNewswire/ - GoDaddy Inc. (NYSE: GDDY) today reported financial results for the fourth quarter and full year ended December 31, 2022.

"GoDaddy achieved strong revenue and cash flow growth in 2022, despite macroeconomic headwinds," said GoDaddy CEO Aman Bhutani. "During the year we delivered on an innovative product roadmap, including enabling commerce on every surface. As we enter 2023, we are excited about the full launch of our commerce offerings empowering customers to transact everywhere seamlessly. We are proud of the track record we are building to participate in our customers' success and drive long term value for shareholders."

"GoDaddy delivered solid 2022 financial results demonstrating the resiliency of our business," said GoDaddy CFO Mark McCaffrey. "We have taken actions to align our priorities and cost structure to continue to deliver strong financial results with continued operating leverage while at the same time investing in key long-term initiatives that will fuel future top-line growth."

**Full Year 2022 Business Highlights**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Total revenue of $4.1 billion, up 7.2% year-over-year, and 8.4% on a constant currency basis.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Total bookings of $4.4 billion, up 4.3% year-over-year, and 6.0% on a constant currency basis.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Net Income of $352.9 million, up 45.3% year-over-year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*•* Normalized EBITDA of $1.0 billion, up 16.1% year-over-year, representing 25% margin.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Net cash provided by operating activities of $979.7 million, up 18.1% year-over-year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Free cash flow of $968.6 million, up 13.2% year-over-year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Unlevered free cash flow of $1.1 billion, up 14.2% year-over-year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Through February 1, 2023, share count reduced 10% since launch of GoDaddy's current share buyback authorization in 2022.

**Fourth Quarter 2022 Business Highlights**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Signed a meaningful partnership agreement with FIS Worldpay, the market-leading merchant services provider, to sell GoDaddy's OmniCommerce solutions for US based small business customers and bank partners.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Launched Managed WooCommerce Stores solution, enabling entrepreneurs to easily sell in-person and across marketplaces and social channels through one unified dashboard and without the need to download additional plugins.

2155 E. GoDaddy Way Tempe, AZ 85284 T: 480.505.8800 https://investors.godaddy.net

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Implemented payments by default, automatically attaching GoDaddy's premier payments platform to its domains and website building plans. GoDaddy's goal of enabling commerce on every surface gives customers the freedom to seamlessly transact as soon as their website or domain is created.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Annualized recurring revenue (ARR) for applications & commerce grew 9% year-over-year to $1.3 billion in the fourth quarter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• ARR from GoDaddy's Create and Grow group of products, which includes Websites + Marketing, Managed WordPress, Sellbrite, and GoDaddy Studios, surpassed $445 million, growing 8% year-over-year in the fourth quarter of 2022.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Drove strong growth in its Commerce offerings with gross merchandise volume of $28 billion, up 10% year-over-year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Gross payments volume, or GPV, from GoDaddy's commerce offerings has already grown to an impressive $760 million.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• ARR for Core Platform grew 1% year-over-year to $2.3 billion in the fourth quarter.

**Consolidated Fourth Quarter and Full Year Financial Highlights**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Three Months Ended <br>December 31,** | **Three Months Ended <br>December 31,** | **Three Months Ended <br>December 31,** | **Three Months Ended <br>December 31,** | **Year Ended <br>December 31,** | **Year Ended <br>December 31,** | **Year Ended <br>December 31,** | **Year Ended <br>December 31,** |
| | **2022** | **2021** | **Change** | **Constant Currency** | **2022** | **2021** | **Change** | **Constant Currency** |
| | (in millions, except customers in thousands and ARPU in dollars) | (in millions, except customers in thousands and ARPU in dollars) | (in millions, except customers in thousands and ARPU in dollars) | (in millions, except customers in thousands and ARPU in dollars) | (in millions, except customers in thousands and ARPU in dollars) | (in millions, except customers in thousands and ARPU in dollars) | (in millions, except customers in thousands and ARPU in dollars) | |
| **GAAP Results** |  |  |  |  |  |  |  |  |
| Total revenue | $1039.9 | $1019.3 | 2.0% | 3.6% | $4091.3 | $3815.7 | 7.2% | 8.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;Applications & commerce revenue | $333.4 | $300.5 | 10.9% |  | $1279.7 | $1128.3 | 13.4% |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Core platform revenue | $706.5 | $718.8 | (1.7)% |  | $2811.6 | $2687.4 | 4.6% |  |
| International revenue | $340.8 | $330.8 | 3.0% | 7.8% | $1334.0 | $1270.8 | 5.0% | 8.4% |
| Net income | $93.8 | $87.4 | 7.3% |  | $352.9 | $242.8 | 45.3% |  |
| Net cash provided by operating activities | $208.0 | $172.2 | 20.8% |  | $979.7 | $829.3 | 18.1% |  |
| Segment EBITDA - Applications & commerce | $135.6 | $123.5 | 9.8% |  | $522.8 | $447.7 | 16.8% |  |
| Segment EBITDA - <br>Core platform | $204.8 | $198.0 | 3.4% |  | $783.7 | $679.7 | 15.3% |  |
| **Non-GAAP Results** |  |  |  |  |  |  |  |  |
| Normalized EBITDA (NEBITDA) | $266.0 | $254.0 | 4.7% |  | $1013.0 | $872.2 | 16.1% |  |
| Unlevered free cash flow | $238.2 | $203.2 | 17.2% |  | $1095.9 | $960.0 | 14.2% |  |
| Free cash flow | $201.6 | $173.4 | 16.3% |  | $968.6 | $855.8 | 13.2% |  |
| **Operating Metrics** |  |  |  |  |  |  |  |  |
| Total bookings | $1051.6 | $1050.1 | 0.1% | 2.2% | $4413.8 | $4231.7 | 4.3% | 6.0% |
| Total customers at period end | 20897 | 20704 | 0.9% |  | 20897 | 20704 | 0.9% |  |
| Average revenue per user (ARPU) | $197 | $187 | 9.7% |  | $197 | $187 | 9.7% |  |
| ARR | $3570.1 | $3433.7 | 4.0% |  | $3570.1 | $3433.7 | 4.0% |  |

---

**Share Repurchase**

From January 1, 2022 through February 1, 2023, GoDaddy repurchased 17.2 million shares of its common stock for an aggregate purchase price of $1.3 billion, and an average price per share of $77.11. These repurchases represent an approximately 10% reduction in fully diluted shares from those outstanding as of December 31, 2021.

2155 E. GoDaddy Way Tempe, AZ 85284 T: 480.505.8800 https://investors.godaddy.net

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**Balance Sheet**

At December 31, 2022, total cash and cash equivalents were $774.0 million, total debt was $3.9 billion and net debt was $3.1 billion.

**Restructuring**

On February 8, 2023, GoDaddy announced a restructuring plan aimed at driving over $100 million in annualized cost savings through a reduction in force, operating expense reductions and integration of certain European brands and businesses within our Core Platform segment. GoDaddy expects restructuring and other related exit charges of approximately $55 million to $65 million to be recorded in the first half of 2023.

**Business Outlook**

For the first quarter ending March 31, 2023, GoDaddy expects total revenue in the range of $1.030 billion to $1.050 billion, representing year-over-year growth of 4% at the midpoint, versus the same period in 2021. For the full year ending December 31, 2023, GoDaddy is targeting total revenue in the range of $4.250 billion to $4.325 billion, representing year-over-year growth of 5% at the midpoint, versus the $4.09 billion of revenue generated for the full year ended December 31, 2022.

For the first quarter ending March 31, 2023, GoDaddy expects Normalized EBITDA margin to be in the range of 24% to 25%. For the full year ending December 31, 2023, GoDaddy expects Normalized EBITDA margin of approximately 26%.

For the full year ending December 31, 2023, GoDaddy expects unlevered free cash flow of approximately $1.2 billion, representing growth of 9%, year-over-year, versus the $1.1 billion of unlevered free cash flow generated in 2022. GoDaddy expects free cash flow of approximately $1.0 billion, representing growth of 3%, year-over-year, versus the $968.6 million of free cash flow generated in 2022.

---

| | |
|:---|:---|
| **Modeling Guide** | **2023** |
| Capital expenditures | ~ $50 million |
| Cash interest on long-term debt | ~ $170 million |
| Cash income taxes | ~ $30 million |

---

GoDaddy's consolidated financial statements are prepared in accordance with generally accepted accounting principles in the United States (GAAP). GoDaddy does not provide reconciliations from non-GAAP guidance to GAAP equivalents because projections of changes in individual balance sheet amounts are not possible without unreasonable effort, and presentation of such reconciliations would imply an inappropriate degree of precision. GoDaddy's reported results provide reconciliations of non-GAAP financial measures to their nearest GAAP equivalents.

**Quarterly Earnings Webcast**

GoDaddy will host a webcast to discuss fourth quarter and full year end 2022 results at 5:00 p.m. Eastern Time on February 14, 2023. To participate in the webcast, please preregister online

2155 E. GoDaddy Way Tempe, AZ 85284 T: 480.505.8800 https://investors.godaddy.net

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at https://investors.godaddy.net/investor-relations/overview/default.aspx. A live webcast of the event, together with a slide presentation including supplemental financial information and reconciliations of certain non-GAAP measures to their nearest comparable GAAP measures, will be available through GoDaddy's Investor Relations website at https://investors.godaddy.net. A transcript of prerecorded remarks will be available on the Investor Relations website at the time of the webcast. Following the event, a recorded replay of the webcast will be available on the website.

GoDaddy uses its Investor Relations website at https://investors.godaddy.net as a means of disclosing material non-public information and to comply with its disclosure obligations under Regulation FD. Accordingly, investors should monitor GoDaddy's Investor Relations website, in addition to following press releases, Securities and Exchange Commission (SEC) filings, public conference calls and webcasts.

**Forward-Looking Statements**

This press release contains forward-looking statements which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on estimates and information available to us at the time of this press release and are not guarantees of future performance. Statements in this press release involve risks, uncertainties and assumptions. If the risks or uncertainties materialize or the assumptions prove incorrect, our results may differ materially from those expressed or implied by such forward-looking statements. All statements other than statements of historical fact could be deemed forward-looking statements, including, but not limited to any statements regarding: launches of new or expansion of existing products or services, any projections of product or service availability, technology developments and innovation, customer growth, or other future events; historical results that may suggest future trends for our business; our plans, strategies or objectives with respect to future operations, partnerships and partner integrations and marketing strategy; future financial results; GoDaddy's ability to integrate its acquisitions and achieve desired synergies and vertical integration; and the impact of the ongoing COVID-19 pandemic on our business, customers, employees and third-party partners; and assumptions underlying any of the foregoing.

Actual results could differ materially from our current expectations as a result of many factors, including, but not limited to: the unpredictable nature of our rapidly evolving market; fluctuations in our financial and operating results; our rate of growth; interruptions or delays in our service or our web hosting; the Company's dependence on payment card networks and acquiring processors; breaches of our security measures; the impact of any previous or future acquisitions; our ability to continue to release, and gain customer acceptance of, our existing and future products and services; our ability to manage our growth; our ability to hire, retain and motivate employees; the effects of competition; technological, regulatory and legal developments; intellectual property litigation; our ability to achieve cost savings from our restructuring plan; disruptions to our business as a result of our restructuring plan; disruptions in relationships with customers, suppliers, vendors or contractors, or employees, as a result of our restructuring plan; macroeconomic conditions and developments in the economy, financial markets and credit markets, including as a result of the ongoing COVID-19 pandemic, continued escalation of geopolitical tensions, and increasing interest rates and inflationary pressures; and execution of share repurchases.

Additional risks and uncertainties that could affect GoDaddy's business and financial results are included in the filings we make with the SEC from time to time, including those described in "Risk Factors" in our Quarterly Report on Form 10-Q for the quarter ended September 30, 2022,

2155 E. GoDaddy Way Tempe, AZ 85284 T: 480.505.8800 https://investors.godaddy.net

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"Management's Discussion and Analysis of Financial Condition and Results of Operations" in our Annual Report on Form 10-K for the year ended December 31, 2021 and in our Quarterly Report on Form 10-Q for the quarter ended September 30, 2022, and any subsequent quarterly or annual report filed thereafter, each of which are available on GoDaddy's website at https://investors.godaddy.net and on the SEC's website at www.sec.gov. Additional information will also be set forth in other filings that GoDaddy makes with the SEC from time to time. All forward-looking statements in this press release are based on information available to GoDaddy as of the date hereof. Except to the extent required by law, GoDaddy does not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.

**Non-GAAP Financial Measures and Other Operating and Business Metrics**

In addition to our financial results prepared in accordance with GAAP, this press release includes certain non-GAAP financial measures and other operating and business metrics. We believe that these non-GAAP financial measures and other operating and business metrics are useful as a supplement in evaluating our ongoing operational performance and enhancing an overall understanding of our past financial performance. The non-GAAP financial measures included in this press release should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. In addition, similarly titled measures may be calculated differently by other companies and may not be comparable. A reconciliation between each non-GAAP financial measure and its nearest GAAP equivalent is included in this press release following the financial statements. We use both GAAP and non-GAAP measures to evaluate and manage our operations.

Total bookings. Total bookings is an operating metric representing the total value of customer contracts entered into during the period, excluding refunds. We believe total bookings provides additional insight into the performance of our business and the effectiveness of our marketing efforts since we typically collect payment at the inception of a customer contract but recognize revenue ratably over the term of the contract.

Constant currency. Constant currency is calculated by translating bookings and revenue for each month in the current period using the foreign currency exchange rates for the corresponding month in the prior period, excluding any hedging gains or losses realized during the period. We believe constant currency information is useful in analyzing underlying trends in our business by eliminating the impact of fluctuations in foreign currency exchange rates and allows for period-to-period comparisons of our performance.

Normalized EBITDA (NEBITDA). NEBITDA is a supplemental measure of our operating performance used by management and investors to evaluate our business. We calculate NEBITDA as net income excluding depreciation and amortization, interest expense (net), provision or benefit for income taxes, equity-based compensation expense, acquisition-related costs, restructuring-related expenses and certain other items. We believe that the inclusion or exclusion of certain recurring and non-recurring items provides a supplementary measure of our core operating results and permits useful alternative period-over-period comparisons of our operations but should not be viewed as a substitute for comparable GAAP measures.

Unlevered free cash flow. Unlevered free cash flow is a measure of our liquidity used by management to evaluate our business prior to the impact of our capital structure and restructuring and after purchases of property and equipment. Such liquidity can be used by us for strategic

2155 E. GoDaddy Way Tempe, AZ 85284 T: 480.505.8800 https://investors.godaddy.net

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opportunities and strengthening our balance sheet. However, given our debt obligations, unlevered free cash flow does not represent residual cash flow available for discretionary expenses.

Free cash flow. Free cash flow is defined as our unlevered free cash flow less interest payments for the period. We use free cash flow as a supplemental measure of our liquidity, including our ability to generate cash flow in excess of capital requirements and return cash to shareholders, though it should not be considered as an alternative to, or more meaningful than, comparable GAAP measures.

Net debt. We define net debt as total debt less cash and cash equivalents. Total debt consists of the current portion of long-term debt plus long-term debt and unamortized original issue discount and debt issuance costs. Our management reviews net debt as part of its management of our overall liquidity, financial flexibility, capital structure and leverage and we believe such information is useful to investors. Furthermore, certain analysts and debt rating agencies monitor our net debt as part of their assessments of our business.

Gross merchandise volume (GMV). GMV is a business metric calculated by annualizing the total quarterly dollar value of orders facilitated by our customers through our Commerce platform, including shipping and handling, and taxes, and is shown net of discounts, and returns (where visibility exists). While GMV is not indicative of our performance, we believe it is an indicator of the strengths of our products and platforms.

Gross payments volume (GPV). GPV is an operating metric calculated by annualizing the total quarterly dollar value of transactions processed through our payments platform. GPV is representative of the volume of transactions in which we record transaction revenue based on our payment processing rate.

Annualized recurring revenue (ARR). ARR is an operating metric defined as quarterly recurring revenue (QRR) multiplied by four. QRR represents the quarterly recurring GAAP revenue, net of refunds, from new and renewed subscription-based services. ARR is exclusive of any revenue that is non-recurring, including, without limitation, domain aftermarket, domain transfers, one-time set-up or migration fees and non-recurring professional website services fees. We believe ARR helps illustrate the scale of certain of our products and facilitates comparisons to other companies in our industry.

Average revenue per user (ARPU). We calculate ARPU as total revenue during the preceding 12 month period divided by the average of the number of total customers at the beginning and end of the period. ARPU provides insight into our ability to sell additional products to customers, though the impact to date has been muted due to our continued growth in total customers.

Total customers. We define a customer as an individual or entity with paid transactions in the trailing twelve months or with paid subscriptions as of the end of the period. A single user may be counted as a customer more than once if they maintain paid subscriptions or transactions in multiple accounts. Total customers is one way we measure the scale of our business and is an important part of our ability to increase our revenue base.

**About GoDaddy**

GoDaddy helps millions of entrepreneurs globally start, grow, and scale their businesses. People come to GoDaddy to name their idea, build a professional website, attract customers, sell their products and services, and accept payments online and in-person. GoDaddy's easy-to-use tools help microbusiness owners manage everything in one place and its expert guides are available to provide assistance 24/7. To learn more about the company, visit www.GoDaddy.com.

2155 E. GoDaddy Way Tempe, AZ 85284 T: 480.505.8800 https://investors.godaddy.net

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**GoDaddy Inc.**

**Consolidated Statements of Operations (unaudited)**

**(In millions, except shares in thousands and per share amounts)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Three Months Ended December 31,** | **Three Months Ended December 31,** | **Year Ended December 31,** | **Year Ended December 31,** |
| | **2022** | **2021** | **2022** | **2021** |
| Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Applications & commerce | $333.4 | $300.5 | $1279.7 | $1128.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Core platform | 706.5 | 718.8 | 2811.6 | 2687.4 |
| Total revenue | 1039.9 | 1019.3 | 4091.3 | 3815.7 |
| Costs and operating expenses<sup>(1)(2)</sup>: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cost of revenue (excluding depreciation and amortization) | 379.5 | 373.2 | 1484.5 | 1372.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Technology and development | 206.3 | 175.5 | 794.0 | 706.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Marketing and advertising | 94.9 | 120.7 | 412.3 | 503.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Customer care | 75.3 | 75.2 | 305.9 | 306.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;General and administrative | 98.6 | 84.9 | 385.5 | 345.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Restructuring and other | 0.9 | 15.1 | 15.7 | (0.3) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Depreciation and amortization | 49.5 | 49.9 | 194.6 | 199.6 |
| Total costs and operating expenses | 905.0 | 894.5 | 3592.5 | 3433.6 |
| Operating income | 134.9 | 124.8 | 498.8 | 382.1 |
| Interest expense | (42.2) | (32.2) | (146.3) | (126.0) |
| Loss on debt extinguishment | (3.6) |  | (3.6) |  |
| Other income (expense), net | 6.8 | (1.1) | 7.6 | (2.5) |
| Income before income taxes | 95.9 | 91.5 | 356.5 | 253.6 |
| Provision for income taxes | (2.1) | (4.1) | (3.6) | (10.8) |
| Net income | 93.8 | 87.4 | 352.9 | 242.8 |
| Less: net income attributable to non-controlling interests | 0.2 | 0.2 | 0.7 | 0.5 |
| Net income attributable to GoDaddy Inc. | $93.6 | $87.2 | $352.2 | $242.3 |
| Net income attributable to GoDaddy Inc. per share of Class A common stock: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Basic | $0.60 | $0.52 | $2.22 | $1.44 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Diluted | $0.60 | $0.52 | $2.19 | $1.42 |
| Weighted-average shares of Class A common stock outstanding: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Basic | 154745 | 166481 | 158788 | 167906 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Diluted | 157083 | 168304 | 161457 | 171105 |
| ____________________________________ |  |  |  |  |
| (1) Costs and operating expenses include equity-based compensation expense as follows: | (1) Costs and operating expenses include equity-based compensation expense as follows: | (1) Costs and operating expenses include equity-based compensation expense as follows: | (1) Costs and operating expenses include equity-based compensation expense as follows: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cost of revenue | $0.4 | $0.2 | $1.5 | $0.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Technology and development | 37.9 | 27.8 | 140.3 | 110.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Marketing and advertising | 7.4 | 6.0 | 29.1 | 24.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Customer care | 5.4 | 3.9 | 20.0 | 14.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;General and administrative | 20.0 | 15.1 | 73.5 | 58.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total equity-based compensation expense | $71.1 | $53.0 | $264.4 | $207.9 |
| (2) Costs and operating expenses include acquisition-related expenses as follows: | (2) Costs and operating expenses include acquisition-related expenses as follows: | (2) Costs and operating expenses include acquisition-related expenses as follows: | (2) Costs and operating expenses include acquisition-related expenses as follows: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Technology and development | $5.2 | $5.8 | $19.1 | $44.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Marketing and advertising |  | 0.1 | 0.2 | 0.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Customer care | 0.1 | 0.2 | 0.4 | 1.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;General and administrative | 2.6 | 6.2 | 15.4 | 32.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total acquisition-related expenses | $7.9 | $12.3 | $35.1 | $78.2 |

---

2155 E. GoDaddy Way Tempe, AZ 85284 T: 480.505.8800 https://investors.godaddy.net

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**GoDaddy Inc.**

**Consolidated Balance Sheets (unaudited)**

**(In millions, except per share amounts)**

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| | | |
|:---|:---|:---|
| | **December 31,** | **December 31,** |
| | **2022** | **2021** |
| **Assets** |  |  |
| Current assets: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash and cash equivalents | $774.0 | $1255.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts and other receivables | 60.1 | 63.6 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Registry deposits | 41.0 | 40.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prepaid domain name registry fees | 435.7 | 419.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prepaid expenses and other current assets | 271.8 | 109.9 |
| Total current assets | 1582.6 | 1889.8 |
| Property and equipment, net | 225.6 | 220.0 |
| Operating lease assets | 84.1 | 109.2 |
| Prepaid domain name registry fees, net of current portion | 197.1 | 181.4 |
| Goodwill | 3536.9 | 3540.8 |
| Intangible assets, net | 1252.2 | 1384.7 |
| Other assets | 95.0 | 91.2 |
| Total assets | $6973.5 | $7417.1 |
| **Liabilities and stockholders' equity (deficit)** |  |  |
| Current liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts payable | $130.9 | $85.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accrued expenses and other current liabilities | 356.7 | 437.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferred revenue | 1954.0 | 1890.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Long-term debt | 18.2 | 24.1 |
| Total current liabilities | 2459.8 | 2436.7 |
| Deferred revenue, net of current portion | 770.3 | 743.3 |
| Long-term debt, net of current portion | 3812.9 | 3858.2 |
| Operating lease liabilities, net of current portion | 116.5 | 142.7 |
| Other long-term liabilities | 87.1 | 77.7 |
| Deferred tax liabilities | 56.2 | 75.3 |
| Commitments and contingencies |  |  |
| Stockholders' equity (deficit): |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Preferred stock, $0.001 par value |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Class A common stock, $0.001 par value | 0.2 | 0.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Class B common stock, $0.001 par value |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Additional paid-in capital | 1912.6 | 1594.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulated deficit | (2422.6) | (1474.6) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulated other comprehensive income (loss) | 178.0 | (38.6) |
| Total stockholders' equity (deficit) attributable to GoDaddy Inc. | (331.8) | 81.7 |
| Non-controlling interests | 2.5 | 1.5 |
| Total stockholders' equity (deficit) | (329.3) | 83.2 |
| Total liabilities and stockholders' equity (deficit) | $6973.5 | $7417.1 |

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2155 E. GoDaddy Way Tempe, AZ 85284 T: 480.505.8800 https://investors.godaddy.net

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**GoDaddy Inc.**

**Consolidated Statements of Cash Flows (unaudited)**

**(In millions)**

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| | | |
|:---|:---|:---|
| | **Year Ended December 31,** | **Year Ended December 31,** |
| | **2022** | **2021** |
| **Operating activities** |  |  |
| Net income | $352.9 | $242.8 |
| Adjustments to reconcile net income to net cash provided by operating activities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Depreciation and amortization | 194.6 | 199.6 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Equity-based compensation | 264.4 | 207.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gain on derivative instruments | 27.6 | 6.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-cash restructuring and other charges | 10.4 | 15.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other | 48.4 | 14.6 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Changes in operating assets and liabilities, net of amounts acquired: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prepaid domain name registry fees | (34.7) | (37.8) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts payable | 35.1 | 34.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accrued expenses and other current liabilities | 11.3 | 40.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferred revenue | 101.6 | 190.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other operating assets and liabilities | (31.9) | (85.0) |
| Net cash provided by operating activities | 979.7 | 829.3 |
| **Investing activities** |  |  |
| Business acquisitions, net of cash acquired | (72.5) | (367.7) |
| Purchases of intangible assets | (0.4) | (202.1) |
| Purchases of property and equipment | (59.7) | (51.1) |
| Purchases of equity investments |  | (40.0) |
| Other investing activities, net | 0.6 | 25.3 |
| Net cash used in investing activities | (132.0) | (635.6) |
| **Financing activities** |  |  |
| Proceeds received from: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Issuance of term loans | 1725.3 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Issuance of Senior Notes |  | 800.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stock option exercises | 19.9 | 42.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Issuance of Class A common stock under employee stock purchase plan | 30.1 | 30.7 |
| Payments made for: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Settlement of tax receivable agreements |  | (0.2) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Repurchases of Class A common stock | (1294.6) | (526.0) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Repayment of term loans | (1789.9) | (32.4) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financing-related costs | (4.2) | (9.6) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Contingent consideration for business acquisitions | (9.3) | (4.7) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other financing obligations | (4.0) | (2.4) |
| Net cash provided by (used in) financing activities | (1326.7) | 298.1 |
| Effect of exchange rate changes on cash and cash equivalents | (2.7) | (1.3) |
| Net increase (decrease) in cash and cash equivalents | (481.7) | 490.5 |
| Cash and cash equivalents, beginning of period | 1255.7 | 765.2 |
| Cash and cash equivalents, end of period | $774.0 | $1255.7 |

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2155 E. GoDaddy Way Tempe, AZ 85284 T: 480.505.8800 https://investors.godaddy.net

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***Reconciliation of Non-GAAP Financial Measures***

The following tables reconcile each non-GAAP financial measure to its most directly comparable GAAP financial measure:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Three Months Ended December 31,** | **Three Months Ended December 31,** | **Year Ended <br>December 31,** | **Year Ended <br>December 31,** |
| | **2022** | **2021** | **2022** | **2021** |
| NEBITDA: | **(in millions)** | **(in millions)** | **(in millions)** | **(in millions)** |
| Net income | $93.8 | $87.4 | $352.9 | $242.8 |
| Depreciation and amortization | 49.5 | 49.9 | 194.6 | 199.6 |
| Equity-based compensation | 71.1 | 53.0 | 264.4 | 207.9 |
| Interest expense, net | 36.1 | 31.9 | 135.0 | 124.9 |
| Acquisition-related expenses | 7.9 | 12.3 | 35.1 | 78.2 |
| Restructuring and other<sup>(1)</sup> | 5.5 | 15.5 | 27.4 | 8.0 |
| Provision (benefit) for income taxes | 2.1 | 4.1 | 3.6 | 10.8 |
| NEBITDA | $266.0 | $254.1 | $1013.0 | $872.2 |

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**_________________________________**

&nbsp;&nbsp;&nbsp;&nbsp;(1)Includes lease-related expenses associated with closed facilities, charges related to certain legal matters, and expenses incurred in relation to the refinancing of our long-term debt.

---

| | |
|:---|:---|
| | **December 31, 2022** |
| | **(in millions)** |
| Net Debt: |  |
| Current portion of long-term debt | $18.2 |
| Long-term debt | 3812.9 |
| Unamortized original issue discount and debt issuance costs | 70.2 |
| Total debt | 3901.3 |
| Less: Cash and cash equivalents | (774.0) |
| Net debt | $3127.3 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Three Months Ended December 31,** | **Three Months Ended December 31,** | **Year Ended <br>December 31,** | **Year Ended <br>December 31,** |
| | **2022** | **2021** | **2022** | **2021** |
| | **(in millions)** | **(in millions)** | **(in millions)** | **(in millions)** |
| Free Cash Flow and Unlevered Free Cash Flow: |  |  |  |  |
| Net cash provided by operating activities | $208.0 | $172.2 | $979.7 | $829.3 |
| Capital expenditures | (17.1) | (17.4) | (59.7) | (51.1) |
| Cash paid for acquisition-related costs<sup>(1)</sup> | 7.2 | 11.4 | 37.9 | 64.9 |
| Cash paid for restructuring and other charges<sup>(2)</sup> | 3.5 | 7.2 | 10.7 | 12.7 |
| Free cash flow | $201.6 | $173.4 | $968.6 | $855.8 |
| Cash paid for interest on long-term debt | 36.6 | 29.8 | 127.3 | 104.2 |
| Unlevered free cash flow | $238.2 | $203.2 | $1095.9 | $960.0 |

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**_________________________________**

(1)Cash paid for acquisition-related costs in 2021 includes $29.4 million in compensatory payments expensed in connection with our acquisition of Poynt.

(2)Cash paid for restructuring and other charges includes lease-related payments associated with closed facilities and third party payments incurred in relation to the refinancing of our long-term debt.

2155 E. GoDaddy Way Tempe, AZ 85284 T: 480.505.8800 https://investors.godaddy.net

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***Shares Outstanding***

Shares of Class B common stock are not participating securities, and therefore do not have rights to share in our earnings. Total shares of common stock outstanding are as follows:

---

| | | |
|:---|:---|:---|
| | **December 31,** | **December 31,** |
| | **2022** | **2021** |
| | **(in thousands)** | **(in thousands)** |
| Shares Outstanding: |  |  |
| Class A common stock | 153830 | 166901 |
| Class B common stock | 312 | 320 |
| Total common stock outstanding | 154142 | 167221 |
| Effect of dilutive securities<sup>(1)</sup> | 2026 | 1503 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total shares outstanding | 156168 | 168724 |

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**_________________________________**

(1) Calculated using the treasury stock method, which excludes the impact of antidilutive securities.

***Constant Currency***

The following table provides a reconciliation of constant currency:

---

| | | |
|:---|:---|:---|
| | **Three Months Ended December 31, 2022** | **Year Ended <br>December 31, 2022** |
| | **(in millions)** | **(in millions)** |
| Constant Currency: |  |  |
| Revenue | $1039.9 | $4091.3 |
| Constant currency adjustment | 16.4 | 44.4 |
| Constant currency revenue | $1056.3 | $4135.7 |
| Bookings | $1051.6 | $4413.8 |
| Constant currency adjustment | 22.0 | 69.7 |
| Constant currency revenue | $1073.6 | $4483.5 |

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***Customer and ARPU Disclosure***

The following table provides retrospective disclosures of total customers and ARPU utilizing GoDaddy's updated customer definition:

---

| | | |
|:---|:---|:---|
| | **Year Ended December 31,** | **Year Ended December 31,** |
| | **2021** | **2020** |
| Total customers at period end (in thousands): |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Previous definition | 21233 | 20646 |
| &nbsp;&nbsp;&nbsp;&nbsp;New definition | 20704 | 20148 |
| Average revenue per user: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Previous definition | $182 | $166 |
| &nbsp;&nbsp;&nbsp;&nbsp;New definition | $187 | $170 |

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CONTACTS:

Investors

Christie Masoner

<u>investors@godaddy.com</u>

Media

Kristy Nicholas

<u>pr@godaddy.com</u>

Source: GoDaddy Inc.

<br>© 2023 GoDaddy Inc. All Rights Reserved.

2155 E. GoDaddy Way Tempe, AZ 85284 T: 480.505.8800 https://investors.godaddy.net