GoDaddy Sinks After Bookings Miss and 2026 Outlook Trails Wall Street
A shift to discounted one-year contracts reduced upfront bookings, testing confidence in the company’s growth plan.
Overview
- Fourth-quarter adjusted EPS rose to $1.80 versus $1.58 expected, with revenue in line at $1.27 billion.
- Bookings missed at $1.28 billion against a $1.31 billion forecast, as Applications & Commerce growth slowed to 11% and the company added 9,000 customers under new promotional pricing.
- Full-year 2026 revenue guidance of $5.195 billion to $5.275 billion fell short of consensus, though free-cash-flow guidance topped estimates and trailing 12-month levered FCF reached $1.54 billion.
- Shares tumbled about 16% at one point, making the stock the S&P 500’s worst performer for the day and pushing it to multi-year lows.
- Analysts slashed price targets (RBC to $100, JPMorgan to $167, UBS to $105, Cantor to $90, Barclays to $118), flagging near-term growth risks and AI competitiveness even as GoDaddy integrated with Salesforce’s MuleSoft Agent Fabric to verify AI agents.