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Associated Press
02-05-2025
- Business
- Associated Press
GoDaddy 2024 Sustainability Report: A Message From Our Chief Executive Officer
Originally published in GoDaddy's 2024 Sustainability Report By Aman Bhutani Chief Executive Officer, GoDaddy A Message From Our CEO Our mission to empower entrepreneurs everywhere, making opportunity more inclusive for all is the driving force that brings us together. GoDaddy's customers are microbusiness owners and most of them have fewer than 10 employees. According to our Venture Forward research, more than half of them are solopreneurs, both business owners and employees themselves. They are resilient and inspiring, making a difference for their families, with approximately one in three contributing 51% or more to their household income. In the U.S., they also elevate their local communities by adding seven jobs per microbusiness entrepreneur at the county level. Customers & Communities We support our customers and foster inclusive entrepreneurship with innovative technology and best-in-class, human-centered guidance. In 2024, we took innovation for our customers to new heights with GoDaddy Airo®. GoDaddy Airo helps our customers using AI technology to, with just a few prompts, find unique names for their businesses, automatically create website options, email addresses, social posts, and much more. It has never been easier for GoDaddy customers to get started with their ideas or grow their businesses. And, when our customers need help, our Guides are there to provide personalized guidance. In 2024, our team engaged with customers through nearly 12 million inbound contacts, striving to help them at every stage of their entrepreneurial journey. People & Culture At GoDaddy, we are very proud of our employees, their hard work, and execution, and I am confident in the opportunity in front of us, our talent, and our drive for continuous improvement. The GoDaddy Leadership Team is a dedicated group of leaders with unique expertise, points of view, and from different countries of origin, helping us effectively serve our customers globally. As a Leadership Team, we're focused on providing our employees with opportunities to learn and develop in their careers to achieve their full potential. GoDaddy also has a remarkable track record of paying people fairly based on the work that they perform regardless of who they are. 2024 marks GoDaddy's tenth-consecutive year of sharing our gender pay data, and the eighth-consecutive year of ethnicity pay data in the U.S. As our business grows globally and our workforce also expands globally, we continue to prioritize fair employee compensation and invest in a workforce that reflects the various communities we serve. Responsible Governance & Operations Our integrated GoDaddy Software Platform drives innovation and growth for both our customers and us. We work to optimize AI, machine learning, monetization, experimentation, data collection, and storage using public and private cloud services to improve the velocity of our business and find savings opportunities. We're committed to using AI responsibly and ethically, ensuring it advances our mission to empower entrepreneurs everywhere while creating meaningful value for their businesses. Our AI and Machine Learning Governance Council plays a key role in overseeing our use of AI, ensuring proper guardrails are in place for responsible and ethical AI use. Environmental Impact We set a new scope 1 and 2 emissions (market-based) reduction targetto reduce emissions by 90% by 2030 from a 2019 baseline after surpassing our initial target two years ahead of schedule. We believe that operating our business responsibly and complying with applicable laws while minimizing the environmental impact of our operations and supply chain is good for our customers, our business, and the planet. With sustainability embedded in our strategy and aligned with our operations, our goal is to continue to make progress on our sustainability journey. Through innovation and discipline, GoDaddy team members will continue to create value for our customers, shareholders, employees, and communities. To learn more, read our 2024 Sustainability Report. ### About This Report This GoDaddy 2024 Sustainability Report details our progress toward our corporate sustainability goals, strategies, and initiatives in support of our overarching corporate mission and values. Unless otherwise noted, this report reflects our corporate sustainability performance across our global operations covering the fiscal year period from January 1 to December 31, 2024. To demonstrate our commitment to transparent communication regarding our sustainability progress, we routinely share updates through our website and our annual Sustainability Report. We welcome your questions, comments, and feedback on this report by contacting [email protected]. This report references the Global Reporting Initiative (GRI) Standards, includes select Sustainability Accounting Standards Board (SASB) metrics for the Internet Media and Services sector, and the Task Force on Climate Related Financial Disclosures (TCFD). We also disclose our contributions and progress toward priority UN SDGs. For additional information on how we align with these frameworks and key indicators demonstrating our sustainability performance, please refer to the Frameworks & Metrics section. Visit 3BL Media to see more multimedia and stories from GoDaddy
Yahoo
01-05-2025
- Business
- Yahoo
GoDaddy posts rise in quarterly revenue, announces $3 billion share buyback
(Reuters) -GoDaddy on Thursday reported a nearly 8% increase in first-quarter revenue, as the addition of artificial intelligence features boosted demand for its internet hosting services. The company also announced a share repurchase program of up to $3 billion through 2027. GoDaddy, which helps businesses set up online domains, payment systems and expand their online presence, has been rolling out AI features to gain traction for its services. Analysts see GoDaddy increasingly becoming the one-stop shop for small business needs across a growing set of solutions. They see GoDaddy as having less direct tariff exposure due to its mix of service offerings and steady domains business. In 2024, the company launched GoDaddy Airo, an AI-powered tool for designing and building a business' online presence. In April, it announced the launch of GoDaddy Agency, a partner program to connect digital agencies with small- and mid-sized business leads and providing access to comprehensive tools, services and support to grow client offerings. For the quarter ended March 31, GoDaddy reported revenue of $1.19 billion, in line with analysts' estimates, according to data compiled by LSEG. The company forecast second-quarter revenue in the range of $1.20 billion to $1.22 billion, with the midpoint coming in line with analysts' average estimate of $1.21 billion. It reaffirmed its full-year revenue forecast.
Reuters
01-05-2025
- Business
- Reuters
GoDaddy posts rise in quarterly revenue, announces $3 billion share buyback
May 1 (Reuters) - GoDaddy (GDDY.N), opens new tab on Thursday reported a nearly 8% increase in first-quarter revenue, as the addition of artificial intelligence features boosted demand for its internet hosting services. The company also announced a share repurchase program of up to $3 billion through 2027. The Technology Roundup newsletter brings the latest news and trends straight to your inbox. Sign up here. GoDaddy, which helps businesses set up online domains, payment systems and expand their online presence, has been rolling out AI features to gain traction for its services. Analysts see GoDaddy increasingly becoming the one-stop shop for small business needs across a growing set of solutions. They see GoDaddy as having less direct tariff exposure due to its mix of service offerings and steady domains business. In 2024, the company launched GoDaddy Airo, an AI-powered tool for designing and building a business' online presence. In April, it announced the launch of GoDaddy Agency, a partner program to connect digital agencies with small- and mid-sized business leads and providing access to comprehensive tools, services and support to grow client offerings. For the quarter ended March 31, GoDaddy reported revenue of $1.19 billion, in line with analysts' estimates, according to data compiled by LSEG. The company forecast second-quarter revenue in the range of $1.20 billion to $1.22 billion, with the midpoint coming in line with analysts' average estimate of $1.21 billion. It reaffirmed its full-year revenue forecast.
Yahoo
17-04-2025
- Business
- Yahoo
GoDaddy Venture Forward Quarterly Newsletter Q1, 2025
NORTHAMPTON, MA / / April 17, 2025 / GoDaddy: Originally published on GoDaddy LinkedIn Let's start out with fresh insights into the world of small and microbusinesses. GoDaddy's research initiative, Venture Forward, has been tracking the impact of online microbusinesses - which typically employ fewer than 10 people - on local economies since 2018. Its latest data highlights how entrepreneurs are leveraging digital tools, especially AI, to fuel growth, create jobs, and drive innovation. To date, we've surveyed over 50,000 microbusiness owners, giving us a unique and data-driven perspective on their challenges, successes, and evolving needs. Whether you're an entrepreneur, policymaker, or researcher, GoDaddy Venture Forward is your go-to source for understanding the small business landscape. Stay tuned for exclusive reports, new data releases, and trends shaping the future of microbusinesses. If you haven't already, subscribe to this newsletter to get updates in your LinkedIn feed each quarter! Greg EfthimiouVice President, Public Relations Igniting the Microbusiness Movement: Uncovering New U.S. Economic Trends The Microbusiness Data Hub has been refreshed through December and the fourth quarter of 2024, including updated Microbusiness Density Data, Microbusiness Activity Index, and e-commerce trends. We have also released our latest review of the impacts made by these entrepreneurs on job creation and unemployment based on the latest U.S. Census Data and Bureau of Labor Statistics (BLS) through December 2024. Statistically significant findings in partnership with UCLA Anderson Forecast economists include: At the county-level, every additional microbusiness entrepreneur adds about seven jobs, which has continued to grow based on data through 2024. Analysis of data from 2018 to 2024 found the effect of microbusiness entrepreneurship to be two or more new jobs for every additional entrepreneur, and from 2020 to 2024, about seven new jobs. Adding 1,000 new microbusiness entrepreneurs in a county is associated with a drop of 0.11 percentage points in the unemployment rate. This means that studying Miami-Dade County in Florida, with almost 430,000 microbusinesses and 2.1 million people over the age of 18, adding just 1,000 entrepreneurs would reduce the region's unemployment rate by almost 7% (from 1.6% to 1.49%). And Cuyahoga County, Ohio (home to Cleveland), with over 72,000 microbusinesses, could see a decrease of 3% in unemployment from 3.2% to 3.09% by adding 1,000 new microbusiness entrepreneurs. Download the data How AI is Supercharging Small Businesses and Boosting Local Economies Small businesses are the backbone of local economies, and AI is helping them thrive like never before. New research from GoDaddy, in partnership with UCLA Anderson economists, shows that AI-powered tools like GoDaddy Airo are driving job creation, boosting productivity, and increasing revenues for small business owners. GoDaddy Airo uses advanced AI to optimize marketing, customer engagement, and business insights, making it easier for entrepreneurs to start and grow their businesses. Here's what we found: Every new website created with GoDaddy Airo contributes to an average of 20 new jobs per county. AI-powered small businesses report 72% higher productivity and 61% increased revenue. More small businesses are launching online, lowering the barrier to entrepreneurship. AI is even helping reduce local unemployment rates. Despite these gains, 38% of small business owners say they don't know enough about AI-showing there's still work to do in 2025 to make AI accessible to all. How can AI help your business grow? Read the full findings GoDaddy and Mastercard Join Forces to Empower America's Small Businesses Alex Rosen of GoDaddy and Ginger Siegel of Mastercard explore the challenges and opportunities faced by small businesses in a new article. Despite incredible growth in recent years, many small businesses are still disconnected from crucial resources, from digital tools to financial support. The collaboration between GoDaddy and Mastercard aims to bridge these gaps, offering insights into how small business owners can leverage available resources to drive growth and success. Small businesses are the heart of the U.S. economy, and new GoDaddy research reveals that entrepreneurs are more determined than ever to succeed. Despite economic challenges, small business owners remain optimistic, adaptable, and eager for the right support to help them scale. Here's what we found: Confidence is high - Entrepreneurs are pushing forward, with a strong belief in their ability to succeed. Adaptability is key - Small business owners are pivoting strategies, embracing digital tools like Gen AI and social media, and finding creative ways to grow. Support is needed - While their ambitions are big, many small business owners say they need better resources, mentorship, and financial backing to reach their full potential. Small businesses are resilient, but they can't do it alone. What can be done to empower them? Read the full story Small Museums Face Unprecedented Challenges Amid Declining Visitors and Rising Costs Recent research by Kids in Museums and GoDaddy's Venture Forward initiative reveals that three in five small museums fear potential closure due to decreased visitor numbers and increased operational expenses. Over three-quarters describe this period as the most challenging they've experienced. The "Small Days Out" campaign encourages families to support local, independent museums during school holidays, emphasizing their vital role in preserving community heritage. This initiative highlights the importance of community engagement in sustaining these cultural institutions. Access the complete story here. In the News Entrepreneurial Resilience: Insights from GoDaddy's Venture Forward Report GoDaddy's latest Venture Forward report reveals that 75% of microbusiness owners who close a business persist by launching new ventures, with 39% of these becoming the primary income source for their households. This resilience underscores the vital role microbusinesses play in driving economic renewal, a theme echoed in a recent Inc. article highlighting key policies to support entrepreneurs. The report also highlights that each entrepreneur creates an average of seven jobs at the county level, up from two in 2020, and that women now own 51% of microbusinesses, up from 41% in 2019. Read more in Inc. Croydon Emerges as a Thriving Hub for UK Small Businesses Recent data from GoDaddy's Venture Forward report highlights Croydon's remarkable growth in microbusinesses, positioning the borough as a potential "UK's answer to Silicon Valley." Over the past year, Croydon experienced a 24% increase in microbusiness numbers, surpassing the rest of London and ranking third nationwide. This surge underscores the area's entrepreneurial spirit and its role in driving local economic development. Discover how Croydon is leading the UK's microbusiness growth Women-Led Businesses on the Rise in Australia and Canada Recent findings from GoDaddy's Venture Forward research highlight the impressive growth of female-led microbusinesses across Australia and Canada, emphasizing their resilience, innovation, and increasing economic impact. Women now run 44% of Australia's microbusinesses, with 57% of these ventures established within the past five years. Notably, over 27% of female entrepreneurs are the primary income earners for their households, showcasing a significant shift toward gender diversity in the country's entrepreneurial landscape. Explore the full article Similarly, 43% of Canada's microbusinesses are led by women, with 48% of these ventures launched in the last five years. Remarkably, 26% of female entrepreneurs are the main breadwinners for their households, while 33% report monthly revenues exceeding $5,000. Leveraging technology, 46% believe AI will enhance their competitiveness with larger companies through content creation, strategic insights, and more. Dive deeper into Canada's story here View additional multimedia and more ESG storytelling from GoDaddy on Contact Info: Spokesperson: GoDaddyWebsite: info@ SOURCE: GoDaddy View the original press release on ACCESS Newswire Sign in to access your portfolio
Associated Press
02-04-2025
- Business
- Associated Press
Spring Bloom: Canada sees surge in small business creation as weather warms
New data from GoDaddy shows April is the peak month of the year for starting a new business in Canada Microbusiness density – the number of small businesses per 100 people – rose, on average, by +11.8% across all Canadian territories and provinces in April 2024 The Northwest Territories and Nunavut saw the biggest April rise of +17.1%, followed by Yukon at +13.7% Ontario, British Columbia and Quebec saw the 4th, 6th and 7th biggest rises respectively The figures come from Venture Forward, GoDaddy's multi-year research initiative which analyses data from 770,000 Canadian online small businesses TORONTO, April 2, 2025 /CNW/ -- April is the peak month of the year for starting a new business in Canada, new GoDaddy research shows. Based on analysis of 2024 figures, microbusiness density – the number of small businesses per 100 people – rose, on average, by +11.8% across all Canadian territories and provinces. The Northwest Territories and Nunavut saw the biggest April rise of +17.1%, followed by Yukon at +13.7%. Ontario, British Columbia and Quebec saw the 4th, 6th and 7th biggest rises respectively. The figures come from Venture Forward, GoDaddy's multi-year research initiative which analyses data from 770,000 Canadian online small businesses (with fewer than 10 employees). Small businesses can generate huge gains for local Canadian economies in 2025 This seasonal rise in small business creation last year bodes well for April 2025 and beyond. Local Canadian businesses act as the backbone of the Canadian economy and bring huge benefits to local economies and communities. GoDaddy's data finds that almost half (46.4%) of small business owners in Canada employ two or more staff, 42% generate over $5,000 in monthly revenue, and over half (55.6%) aspire to grow their business by hiring more staff and opening physical locations in the months ahead. The barriers to starting a small business have never been lower The small business 'Spring bloom' also coincides with it being easier than ever for people to set up a new company. According to GoDaddy's research, over a quarter (27.3%) of small business owners report needed less than $500 to start their business. And with AI tools such as GoDaddy Airo supporting business owners on their journeys, the barriers to setting up a small business have never been lower. Just under three in ten (27.7%) Canadian small business owners report using AI to help them run their business. Young Lee, Canada Market Lead for GoDaddy, commented: 'In times of economic uncertainty, Canadian small businesses remain a vital force for resilience and innovation. From coast to coast—including more remote regions like Yukon and the Northwest Territories—entrepreneurs are not only driving job creation but also strengthening local communities. 'GoDaddy's Venture Forward research underscores that April is a key month in the small business calendar, with many dreams and ideas being turned into reality. At GoDaddy, we are committed to ensuring the positive benefits of the 'Spring bloom' of small business creation are felt for many months to come. We are supporting Canada's entrepreneurs with the tools, resources, and insights they need to navigate challenges and seize new opportunities for growth.' Increase in Microbusiness Density Between March 2024 and April 2024 and Rank by Canadian Province [source: GoDaddy Venture Forward] Rank Province Increase in MD Density 1st Northwest territories and Nunavut 17.1 % 2nd Yukon 13.7 % 3rd Alberta 13.3 % 4th Manitoba 12.5 % 4th Ontario 12.5 % 5th Nova Scotia 12 % 6th British Columbia 11.3 % 7th Newfoundland and Labrador 11 % 7th Quebec 11 % 8th Prince Edward Island 10.1 % 9th New Brunswick 9.9 % 10th Saskatchewan 7 % About Venture Forward Venture Forward is a multi-year research initiative, which analyses data from over 770,000 Canadian small businesses with 0-9 employees - conducted by GoDaddy to quantify the impact of these businesses on the Canadian economy and their local communities. About GoDaddy GoDaddy helps millions of entrepreneurs globally start and scale their businesses. People come to GoDaddy to name their idea, build a website and logo, sell their products and services, and accept payments. GoDaddy Airo®, the company's AI-powered experience, makes growing a small business faster and easier by helping them to get their idea online in minutes, drive traffic and boost sales. GoDaddy's expert guides are available 24/7 to provide assistance. To learn more about the company, visit
