Ahead of its investor day, GoDaddy said the event will feature presentations, technology demonstrations and commentary from senior leaders on innovations for customers, as well as its plans for profitable growth and operational excellence. GoDaddy will provide new three-year financial targets to help investors and analysts model its business. The company expects 6% to 8% annual revenue growth between 2024 to 2026, fueled by acceleration in its Applications & Commerce segment; approximately 33% full-year normalized EBITDA margin in 2026; and $4.5B or more in three-year cumulative free cash flow through 2026, with a capital return strategy targeting a free cash flow per share compounded annual growth rate of 20% plus through 2026. GoDaddy says it is committed to continuing to return capital to shareholders. With $1.4B remaining under current share authorizations, the company plans to continue its share buyback program.
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