Q1 2026 GoDaddy Inc Earnings Call Transcript
Key Points
- GoDaddy Inc (GDDY) reported a 6% revenue growth in Q1 2026, demonstrating the durability of its business model.
- The company achieved a significant expansion in normalized EBITDA margin to 33%, up over 200 basis points.
- GoDaddy Inc (GDDY) is making strong progress with its AI-native products, particularly the Airo AI Builder, which has rapidly scaled to a $10 million plus annualized bookings run rate.
- The company is leveraging AI to drive operational efficiency, with initiatives like Airo Care improving resolution rates by approximately 50%.
- GoDaddy Inc (GDDY) continues to execute on pricing and bundling strategies, driving improvements in conversion, attach, and renewal rates.
- The Core Platform segment experienced only 3% revenue growth, partially offset by softness in non-core GoDaddy hosting.
- The expiration of the .CO registry contract and tougher compares in aftermarket impacted bookings growth.
- International revenue growth slowed to 7%, compared to the previous year's range of 10% to 14%.
- The company removed a lower-value product offering, which impacted customer count, although it did not materially affect bookings.
- GoDaddy Inc (GDDY) faces challenges in maintaining traffic levels due to shifts in search behavior towards AI modes.
Welcome to GoDaddy's first-quarter 2026 earnings call. Thank you for joining us. I'm Christie Masoner, VP of Investor Relations. And with me today are Aman Bhutani, Chief Executive Officer; and Mark McCaffrey, Chief Financial Officer. Following prepared remarks, we will open up the call for your questions.
(Operator Instructions)
On today's call, we will be referencing both GAAP and non-GAAP financial measures and other operating and business metrics. A discussion of why we use non-GAAP financial measures and reconciliations of our non-GAAP financial measures to their GAAP equivalents may be found in the presentation posted to our Investor Relations site at investors.godaddy.net or in today's earnings release on our Form 8-K furnished with the SEC. Growth rates represent year-over-year comparisons unless otherwise noted.
The matters we'll be discussing today include forward-looking statements, such as those related to future financial results and our strategies or objectives with respect to future
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