GoDaddy (GDDY) 10-Q2 May 242024 Q1 Quarterly reportFinancial data

Company Profile

Cover Page

Cover Page - shares	3 Months Ended
Cover Page - shares	Mar. 31, 2024	Apr. 26, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2024
Document Transition Report	false
Entity File Number	001-36904
Entity Registrant Name	GoDaddy Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	46-5769934
Entity Address, Address Line One	100 S. Mill Ave
Entity Address, City or Town	Tempe
Entity Address, State or Province	AZ
Entity Address, Postal Zip Code	85281
City Area Code	480
Local Phone Number	505-8800
Title of 12(b) Security	Class A Common Stock, $0.001 par value per share
Trading Symbol	GDDY
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		140,940,862
Entity Central Index Key	0001609711
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1
Amendment Flag	false

Consolidated Balance Sheets (un

Consolidated Balance Sheets (unaudited) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 664	$ 458.8
Short-term investments	0	40
Accounts and other receivables	93.9	76.6
Registry deposits	35.8	37.3
Prepaid domain name registry fees	480.3	466
Prepaid expenses and other current assets	221.8	177.2
Total current assets	1,495.8	1,255.9
Noncurrent Assets
Property and equipment, net	171.3	185.3
Operating lease assets	49.3	60.8
Prepaid domain name registry fees, net of current portion	216.4	209
Goodwill	3,548.7	3,569.3
Intangible assets, net	1,123.7	1,158.6
Deferred tax assets	1,271.5	1,020.4
Other assets	102.1	105.6
Total assets	7,978.8	7,564.9
Current liabilities:
Accounts payable	120.8	148.1
Accrued expenses and other current liabilities	409.5	442.2
Deferred revenue	2,174.4	2,074.9
Long-term debt	17.6	17.9
Total current liabilities	2,722.3	2,683.1
Noncurrent Liabilities
Deferred revenue, net of current portion	842.9	802.4
Long-term debt, net of current portion	3,794.8	3,798.5
Operating lease liabilities, net of current portion	83.9	90.2
Other long-term liabilities	91.2	90.7
Deferred tax liabilities	28.9	37.8
Commitments and contingencies
Stockholders' equity:
Preferred stock, $0.001 par value - 50,000 shares authorized; none issued and outstanding	0	0
Additional paid-in capital	2,345.9	2,271.6
Accumulated deficit	(2,066.2)	(2,320.7)
Accumulated other comprehensive income	135	111.2
Total stockholders' equity	414.8	62.2
Total liabilities and stockholders' equity	7,978.8	7,564.9
Class A Common Stock
Stockholders' equity:
Common stock	0.1	0.1
Class B Common Stock
Stockholders' equity:
Common stock	$ 0	$ 0

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (unaudited) (Parenthetical) - $ / shares shares in Thousands		Mar. 31, 2024		Dec. 31, 2023
Preferred stock, par value (in dollars per share)		$ 0.001		$ 0.001
Preferred stock, shares authorized (in shares)		50,000		50,000
Preferred stock, shares issued (in shares)		0		0
Preferred stock, shares outstanding (in shares)		0		0
Class A Common Stock
Common stock, par value (in dollars per share)		$ 0.001		$ 0.001
Common stock, shares authorized (in shares)		1,000,000		1,000,000
Common stock, shares issued (in shares)		142,429		142,051
Common stock, shares outstanding (in shares)		142,429		142,051
Class B Common Stock
Common stock, par value (in dollars per share)		$ 0.001		$ 0.001
Common stock, shares authorized (in shares)		500,000		500,000
Common stock, shares issued (in shares)	[1]	0		259
Common stock, shares outstanding (in shares)		0	[1]	259

[1]Substantially all Class B shares were no longer outstanding as of March 31, 2024.

Consolidated Statements of Oper

Consolidated Statements of Operations (unaudited) - USD ($) shares in Thousands, $ in Millions		3 Months Ended
		Mar. 31, 2024	Mar. 31, 2023
Revenue:
Revenue		$ 1,108.5	$ 1,036
Costs and operating expenses
Cost of revenue (excluding depreciation and amortization)	[1]	414.5	386.1
Technology and development	[1]	202.9	215
Marketing and advertising	[1]	87.5	92.4
Customer care	[1]	76.4	76.8
General and administrative	[1]	91.7	94.1
Restructuring and other	[1]	22.4	52.3
Depreciation and amortization	[1]	37.2	48.5
Total costs and operating expenses	[1]	932.6	965.2
Operating income		175.9	70.8
Interest expense		(41.3)	(45.8)
Loss on debt extinguishment		(1)	0
Other income (expense), net		9.6	22.6
Income before income taxes		143.2	47.6
Benefit (provision) for income taxes		258.3	(0.2)
Net income		401.5	47.4
Less: net income attributable to non-controlling interests		0	0.1
Net income attributable to GoDaddy Inc.		401.5	47.3
Applications and commerce
Revenue:
Revenue		383.1	338
Core platform
Revenue:
Revenue		$ 725.4	$ 698
Class A Common Stock
Net income attributable to GoDaddy Inc. per share of Class A common stock:
Basic (in USD per share)		$ 2.82	$ 0.31
Diluted (in USD per share)		$ 2.76	$ 0.30
Weighted-average shares of Class A common stock outstanding:
Basic (in shares)		142,528	154,124
Diluted (in shares)		145,676	156,644

[1] Costs and operating expenses include equity-based compensation expense as follows: Cost of revenue $ — $ 0.4 Technology and development 37.5 39.0 Marketing and advertising 7.3 6.6 Customer care 5.8 5.4 General and administrative 20.4 20.2 Restructuring and other 0.8 2.3 Total equity-based compensation expense $ 71.8 $ 73.9

Consolidated Statements of Op_2

Consolidated Statements of Operations (unaudited) (Parenthetical) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Equity-based compensation expense	$ 71.8	$ 73.9
Cost of revenue
Equity-based compensation expense	0	0.4
Technology and development
Equity-based compensation expense	37.5	39
Marketing and advertising
Equity-based compensation expense	7.3	6.6
Customer care
Equity-based compensation expense	5.8	5.4
General and administrative
Equity-based compensation expense	20.4	20.2
Restructuring and other
Equity-based compensation expense	$ 0.8	$ 2.3

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (unaudited) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2024	Mar. 31, 2023
Statement of Comprehensive Income [Abstract]
Net income		$ 401.5	$ 47.4
Foreign exchange forward contracts gain (loss), net		9.3	(6.9)
Unrealized swap gain (loss), net	[1]	10.5	(32.6)
Change in foreign currency translation adjustment		3.8	2.1
Comprehensive income		425.1	10
Less: comprehensive income attributable to non-controlling interests		0	0.2
Comprehensive income attributable to GoDaddy Inc.		$ 425.1	$ 9.8

[1] Components of OCI are net of the tax effects reflected below: Three Months Ended March 31, 2024 2023 Unrealized swap gain (loss), net $ 8.5 $ —

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income (unaudited) (Parenthetical) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Statement of Comprehensive Income [Abstract]
Unrealized swap gain (loss), net	$ 8.5	$ 0

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity (Deficit) (unaudited) - USD ($) shares in Thousands, $ in Millions		Total	Class A Common Stock	Class B Common Stock		Common Stock Class A Common Stock	Common Stock Class B Common Stock		Additional Paid-in Capital	Accumulated Deficit	Accumulated Other Comprehensive Income (Loss)	Non- Controlling Interests
Beginning balance (in shares) at Dec. 31, 2022						153,830	312
Beginning balance at Dec. 31, 2022		$ (329.3)				$ 0.2	$ 0		$ 1,912.6	$ (2,422.6)	$ 178	$ 2.5
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income		47.4								47.3		0.1
Equity-based compensation, including amounts capitalized		74.5							74.5
Stock option exercises (in shares)						132
Stock option exercises		3.2							3.2
Repurchases of Class A common stock (in shares)						(1,553)
Repurchases of Class A common stock		(113.9)								(113.9)
Impact of derivatives, net		(39.5)									(39.5)
Change in foreign currency translation adjustment		2.1									2.1
Vesting of restricted stock units and other (in shares)						1,705	5
Vesting of restricted stock units and other		0							0.2	(0.1)	0.1	(0.2)
Ending balance (in shares) at Mar. 31, 2023						154,114	307
Ending balance at Mar. 31, 2023		(355.5)				$ 0.2	$ 0		1,990.5	(2,489.3)	140.7	$ 2.4
Beginning balance (in shares) at Dec. 31, 2023			142,051	259		142,051	259	[1]
Beginning balance at Dec. 31, 2023		62.2				$ 0.1	$ 0		2,271.6	(2,320.7)	111.2
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income		401.5								401.5
Equity-based compensation, including amounts capitalized		72.3							72.3
Stock option exercises (in shares)						80
Stock option exercises		2.1							2.1
Repurchases of Class A common stock (in shares)	[2]					(1,245)
Repurchases of Class A common stock	[2]	(147.1)								(147.1)
Impact of derivatives, net		19.8									19.8
Change in foreign currency translation adjustment		3.8									3.8
Vesting of restricted stock units and other (in shares)						1,543	259	[1]
Vesting of restricted stock units and other		0.2							(0.1)	0.1	0.2
Ending balance (in shares) at Mar. 31, 2024			142,429	0	[3]	142,429	0	[1]
Ending balance at Mar. 31, 2024		$ 414.8				$ 0.1	$ 0		$ 2,345.9	$ (2,066.2)	$ 135

[1] Substantially all Class B shares were no longer outstanding as of March 31, 2024. See Note 1 for further discussion. Includes a 1% excise tax on shares repurchased, net of the fair market value of new share issuances, of $0.5 million.

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2024	Mar. 31, 2023
Operating activities
Net income		$ 401.5	$ 47.4
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	[1]	37.2	48.5
Equity-based compensation expense		71.8	73.9
Non-cash restructuring and other charges		1.9	21
Deferred taxes		(259.5)	(10)
Other		5.6	8.9
Changes in operating assets and liabilities, net of amounts acquired:
Prepaid domain name registry fees		(22.1)	(29.5)
Deferred revenue		146.1	114.8
Other operating assets and liabilities		(85.3)	(4.7)
Net cash provided by operating activities		297.2	270.3
Investing activities
Maturities of short-term investments		40	0
Net proceeds received from disposition of a business		8.1	0
Purchases of property and equipment		(4.4)	(22.8)
Net cash provided by (used in) investing activities		43.7	(22.8)
Financing activities
Proceeds from stock option exercises		2.1	3.2
Payments made for:
Repurchases of Class A common stock		(128.3)	(119.7)
Repayment of long-term debt		(6.3)	(6.3)
Other financing obligations		(2.5)	(1.4)
Net cash used in financing activities		(135)	(124.2)
Cash and cash equivalents classified within assets held for sale		0	(5.2)
Effect of exchange rate changes on cash and cash equivalents		(0.7)	0.3
Net increase in cash and cash equivalents		205.2	118.4
Cash and cash equivalents, beginning of period		458.8	774
Cash and cash equivalents, end of period		664	892.4
Cash paid during the period for:
Interest on long-term debt, including impact of interest rate swaps		31.2	44.7
Income taxes, net of refunds received		5.2	2.2
Amounts included in the measurement of operating lease liabilities		10.6	12.1
Supplemental disclosure of non-cash transactions
Operating lease assets obtained in exchange for operating lease liabilities		0.3	1.4
Accrued purchases of property and equipment at period end		0.5	2
Share repurchases not yet settled		$ 19.3	$ 0

[1] Costs and operating expenses include equity-based compensation expense as follows: Cost of revenue $ — $ 0.4 Technology and development 37.5 39.0 Marketing and advertising 7.3 6.6 Customer care 5.8 5.4 General and administrative 20.4 20.2 Restructuring and other 0.8 2.3 Total equity-based compensation expense $ 71.8 $ 73.9

Consolidated Statements of St_2

Consolidated Statements of Stockholders' Equity (Deficit) (unaudited) (Parenthetical) $ in Millions	3 Months Ended
	Mar. 31, 2024 USD ($)
Statement of Stockholders' Equity [Abstract]
Fair market value of new share issuances	$ 0.5

Organization and Background

Organization and Background	3 Months Ended
Organization and Background	Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Background	Organization and Background Organization We are the sole managing member of Desert Newco, LLC (Desert Newco), and as a result, we consolidate its financial results into the results and financial position of the Company. As of March 31, 2024, we owned 100% of Desert Newco. On December 11, 2023, we completed a series of transactions (the DNC Restructure) designed to simplify our capital structure, commonly referred to as an "Up-C" structure, and provide us with additional strategic flexibility which resulted in Desert Newco becoming a wholly-owned subsidiary of GoDaddy Inc. Pursuant to the DNC Restructure, 271 Limited Liability Company Units (LLC Units) of Desert Newco not held by us or our subsidiaries were cancelled and converted into 271 newly issued shares of our Class A common stock. Each LLC Unit formerly held by such other unitholders was paired with one share of our Class B common stock, which shares of Class B common stock remained outstanding immediately following the DNC Restructure. To the extent the shares of Class B common stock remain outstanding, the holders are entitled to one vote for each share held of record on all matters submitted to a vote of our stockholders, but such shares have no economic rights and are non-transferrable. As of March 31, 2024, substantially all Class B shares outstanding immediately following the DNC Restructure were surrendered and no longer outstanding . Subsequent to the DNC Restructure, on January 1, 2024, Desert Newco was converted from a partnership to a disregarded entity and as a result we are now treated as a consolidated C corporation group for U.S. income tax purposes. Basis of Presentation Our financial statements have been prepared in accordance with generally accepted accounting principles in the United States (GAAP) and include our accounts and the accounts of our subsidiaries. All material intercompany accounts and transactions have been eliminated. Our interim financial statements are unaudited and, in our opinion, include all adjustments of a normal recurring nature necessary for the fair presentation of the periods presented. The results for interim periods are not necessarily indicative of the results to be expected for any subsequent period or for the year ending December 31, 2024. These financial statements should be read in conjunction with our audited financial statements and related notes included in our Annual Report on Form 10-K for the year ended December 31, 2023 (the 2023 Form 10-K). Prior Period Presentation Certain immaterial prior period amounts have been reclassified to conform to the current period presentation. Use of Estimates GAAP requires us to make estimates and assumptions affecting amounts reported in our financial statements. We periodically evaluate our estimates and adjust prospectively, if necessary. We believe our estimates and assumptions are reasonable; however, actual results may differ. Segments

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
Summary of Significant Accounting Policies	Mar. 31, 2024
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Property and Equipment Property and equipment, net by geography was as follows: March 31, 2024 December 31, 2023 U.S. $ 139.0 $ 146.9 France 17.3 19.8 All other international 15.0 18.6 $ 171.3 $ 185.3 No other international country represented more than 10% of property and equipment, net in any period presented. Equity Investments We hold investments in privately held equity securities, which are recorded in other assets with a carrying value of $53.1 million as of March 31, 2024 and December 31, 2023. Revenue Recognition Disaggregated Revenue Revenue by major product type was as follows: Three Months Ended March 31, 2024 2023 A&C $ 383.1 $ 338.0 Core: domains 532.0 492.1 Core: other 193.4 205.9 $ 1,108.5 $ 1,036.0 No single customer represented over 10% of our total revenue for any period presented. Revenue by geography is based on the customer's billing address and was as follows: Three Months Ended March 31, 2024 2023 U.S. $ 755.6 $ 695.4 International 352.9 340.6 $ 1,108.5 $ 1,036.0 No international country represented more than 10% of total revenue in any period presented. See Note 7 for information regarding our deferred revenue. Assets Recognized from Contract Costs Fees paid to various registries at the inception of a domain registration or renewal represent costs to fulfill a contract. We capitalize and amortize these prepaid domain name registry fees to cost of revenue consistent with the pattern of transfer of the product to which the asset relates. Amortization expense of such asset was $193.8 million and $185.1 million for the three months ended March 31, 2024 and 2023, respectively. Restructuring and Other Restructuring and other primarily represents: (i) charges related to restructuring activities undertaken to reduce future operating expenses and improve cash flows through a combination of reductions in force and the sale of certain assets and liabilities of our hosting business within our Core segment; and (ii) charges incurred in the first quarter of 2024 related to the abandonment of right-of-use assets associated with certain operating leases. See Note 13 for further discussion. Fair Value Measurements Fair value is defined as an exit price, representing the amount that would be received to sell an asset, or paid to transfer a liability, in an orderly transaction between market participants. The framework for measuring fair value provides a three-tier hierarchy prioritizing inputs to valuation techniques used in measuring fair value as follows: Level 1 — Observable inputs such as quoted prices for identical assets or liabilities in active markets; Level 2 — Inputs, other than quoted prices for identical assets or liabilities in active markets, which are observable either directly or indirectly; and Level 3 — Unobservable inputs in which there is little or no market data requiring the reporting entity to develop its own assumptions. We hold certain assets required to be measured at fair value on a recurring basis. These include time deposits, which we classify within Level 1 because we use quoted market prices to determine their fair value. Level 2 assets and liabilities include commercial paper and derivative financial instruments associated with hedging activity, as further discussed in Note 10. Derivative financial instruments are measured at fair value on the contract date and are subsequently remeasured each reporting period using inputs such as spot rates, discount rates and forward rates. There are not active markets for the hedge contracts themselves; however, the inputs used to calculate the fair value of the instruments are tied to active markets. The following tables set forth our material assets and liabilities measured and recorded at fair value on a recurring basis: March 31, 2024 Level 1 Level 2 Level 3 Total Assets: Cash and cash equivalents: Commercial paper $ — $ 49.8 $ — $ 49.8 Time deposits 58.8 — — 58.8 Derivative assets — 150.4 — 150.4 Total assets $ 58.8 $ 200.2 $ — $ 259.0 Liabilities: Derivative liabilities $ — $ 18.2 $ — $ 18.2 December 31, 2023 Level 1 Level 2 Level 3 Total Assets: Cash and cash equivalents: Commercial paper $ — $ 39.6 $ — $ 39.6 Time deposits 40.0 — — 40.0 Short-term investments: Time deposits 40.0 40.0 Derivative assets — 128.6 — 128.6 Total assets $ 80.0 $ 168.2 $ — $ 248.2 Liabilities: Derivative liabilities $ — $ 46.4 $ — $ 46.4 We have no other material assets or liabilities measured at fair value on a recurring basis. Recent Accounting Pronouncements In November 2023, the Financial Standards Accounting Board (FASB) issued guidance to update reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses and information used to assess segment performance. This update is effective for our 2024 fiscal year and interim periods in fiscal year 2025, with early adoption permitted. We are currently evaluating the impact that the adoption of this standard will have on our consolidated financial statements. In December 2023, the FASB issued guidance to enhance the transparency and decision usefulness of income tax disclosures. The amendments in this guidance require additional disclosures about income taxes, primarily focused on the disclosure of income taxes paid and the rate reconciliation table. The new guidance will be effective for the 2025 fiscal year, with early adoption permitted. We are currently evaluating the impact of this standard on our disclosures within our consolidated financial statements.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	3 Months Ended
Goodwill and Intangible Assets	Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Goodwill and Intangible Assets The following table summarizes changes in our goodwill balance by segment: A&C Core Total Balance at December 31, 2023 $ 1,513.6 $ 2,055.7 $ 3,569.3 Impact of foreign currency translation (7.9) (11.0) (18.9) Less: goodwill related to disposition of a business — (1.7) (1.7) Balance at March 31, 2024 $ 1,505.7 $ 2,043.0 $ 3,548.7 Intangible assets, net are summarized as follows: March 31, 2024 Gross Accumulated Net Carrying Indefinite-lived intangible assets: Trade names and branding $ 445.0 n/a $ 445.0 Domain portfolio 232.6 n/a 232.6 Contractual-based assets 292.7 n/a 292.7 Finite-lived intangible assets: Customer-related 399.6 $ (315.1) 84.5 Developed technology 237.3 (202.1) 35.2 Trade names and other 95.2 (61.5) 33.7 $ 1,702.4 $ (578.7) $ 1,123.7 December 31, 2023 Gross Accumulated Net Carrying Indefinite-lived intangible assets: Trade names and branding $ 445.0 n/a $ 445.0 Domain portfolio 233.6 n/a 233.6 Contractual-based assets 292.7 n/a 292.7 Finite-lived intangible assets: Customer-related 459.3 $ (352.2) 107.1 Developed technology 246.8 (205.6) 41.2 Trade names and other 104.8 (65.8) 39.0 $ 1,782.2 $ (623.6) $ 1,158.6 Amortization expense was $20.5 million and $32.7 million for the three months ended March 31, 2024 and 2023, respectively. As of March 31, 2024, the weighted-average remaining amortization period for amortizable intangible assets was 25 months for customer-related, 21 months for developed technology and 43 months for trade names and other, and was 28 months in total. Based on the balance of finite-lived intangible assets as of March 31, 2024, expected future amortization expense is as follows: Year Ending December 31: 2024 (remainder of) $ 55.7 2025 67.8 2026 22.5 2027 4.2 2028 1.9 Thereafter 1.3 $ 153.4

Stockholders' Equity

Stockholders' Equity	3 Months Ended
Stockholders' Equity	Mar. 31, 2024
Equity [Abstract]
Stockholders' Equity	Stockholders' Equity Share Repurchase Program Our board of directors has authorized a share repurchase program of up to $4,000.0 million. During the three months ended March 31, 2024, we repurchased a total of 1,245 shares of our Class A common stock in the open market, which were retired upon repurchase, for an aggregate purchase price of $147.7 million. As of March 31, 2024, we had $1,287.8 million of remaining authorization available for repurchases.

Prepaid Expenses and Other Curr

Prepaid Expenses and Other Current Assets	3 Months Ended
Prepaid Expenses and Other Current Assets	Mar. 31, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid Expenses and Other Current Assets	Prepaid Expenses and Other Current Assets Prepaid expenses and other current assets consisted of the following: March 31, 2024 December 31, 2023 Derivative assets $ 148.5 $ 127.2 Prepaid software and maintenance expenses 40.2 23.0 Other 33.1 27.0 $ 221.8 $ 177.2

Equity-Based Compensation Plans

Equity-Based Compensation Plans	3 Months Ended
Equity-Based Compensation Plans	Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]
Equity-Based Compensation Plans	Equity-Based Compensation Plans We have granted stock options at exercise prices equal to the fair market value of our Class A common stock on the grant date as well as granted both stock options and restricted stock awards (RSUs) vesting solely upon the continued service of the recipient. Performance-based awards (PSUs) vest based on our relative total stockholder return (TSR) as compared to an index of public internet companies. The following table summarizes stock option activity: Number of Weighted- Outstanding at December 31, 2023 845 49.60 Exercised (80) 26.52 Forfeited — 18.00 Outstanding at March 31, 2024 765 52.03 Vested at March 31, 2024 764 52.01 The following table summarizes stock award activity: Number of Outstanding at December 31, 2023 6,257 Granted: RSUs 2,472 Granted: TSR-based PSUs 212 TSR-based PSU achievement above target 230 Vested (1,542) Forfeited (221) Outstanding at March 31, 2024 (1) 7,408 _________________________________ (1) The balance of outstanding awards is comprised of the following: Number of Weighted-Average Grant-Date Fair Value Per Share ($) RSUs 6,757 91.62 TSR-based PSUs 651 142.30 Outstanding at March 31, 2024 7,408

Deferred Revenue

Deferred Revenue	3 Months Ended
Deferred Revenue	Mar. 31, 2024
Revenue from Contract with Customer [Abstract]
Deferred Revenue	Deferred Revenue Deferred revenue consisted of the following: March 31, 2024 December 31, 2023 Current: A&C $ 742.2 $ 683.8 Core 1,432.2 1,391.1 $ 2,174.4 $ 2,074.9 Noncurrent: A&C $ 186.7 $ 173.5 Core 656.2 628.9 $ 842.9 $ 802.4 The increase in deferred revenue is primarily driven by payments received in advance of satisfying our performance obligations, offset by $810.3 million of revenue recognized during the three months ended March 31, 2024, which was included in deferred revenue as of December 31, 2023. Deferred revenue as of March 31, 2024 represents our aggregate remaining performance obligations that will be recognized as revenue over the period in which the performance obligations are expected to be satisfied, as follows: Remainder of 2024 2025 2026 2027 2028 Thereafter Total A&C $ 663.4 $ 186.5 $ 59.8 $ 11.7 $ 4.5 $ 3.0 $ 928.9 Core 1,238.7 492.2 172.5 80.2 43.6 61.2 2,088.4 $ 1,902.1 $ 678.7 $ 232.3 $ 91.9 $ 48.1 $ 64.2 $ 3,017.3

Accrued Expenses and Other Curr

Accrued Expenses and Other Current Liabilities	3 Months Ended
Accrued Expenses and Other Current Liabilities	Mar. 31, 2024
Payables and Accruals [Abstract]
Accrued Expenses and Other Current Liabilities	Accrued Expenses and Other Current Liabilities Accrued expenses and other current liabilities consisted of the following: March 31, 2024 December 31, 2023 Accrued payroll and employee benefits $ 104.6 $ 143.6 Tax-related accruals 68.9 56.2 Accrued legal and professional 37.8 34.2 Current portion of operating lease liabilities 26.6 29.1 Share repurchases not yet settled 19.3 — Derivative liabilities 18.1 46.4 Accrued marketing and advertising 16.1 12.3 Accrued interest 14.9 13.6 Accrued restructuring costs 10.0 7.4 Accrued acquisition-related expenses 1.6 20.6 Other 91.6 78.8 $ 409.5 $ 442.2

Long-Term Debt

Long-Term Debt	3 Months Ended
Long-Term Debt	Mar. 31, 2024
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt Long-term debt consisted of the following: Maturity Date March 31, 2024 December 31, 2023 2027 Term Loans (effective interest rate of 7.7% at March 31, 2024 and 7.4% at December 31, 2023) August 10, 2027 $ 721.9 $ 723.8 2029 Term Loans (effective interest rate of 7.9% at March 31, 2024 and 8.4% at December 31, 2023) November 10, 2029 1,748.0 1,752.3 2027 Senior Notes (effective interest rate of 5.5% at March 31, 2024 and 5.4% at December 31, 2023) December 1, 2027 600.0 600.0 2029 Senior Notes (effective interest rate of 3.7% at March 31, 2024 and 3.6% at December 31, 2023) March 1, 2029 800.0 800.0 Revolver November 10, 2027 — — Total 3,869.9 3,876.1 Less: unamortized original issue discount and debt issuance costs (1) (57.5) (59.7) Less: current portion of long-term debt (17.6) (17.9) $ 3,794.8 $ 3,798.5 _________________________________ (1) Original issue discount and debt issuance costs are amortized to interest expense over the life of the related debt instruments using the interest method. Credit Facility As described in our 2023 Form 10-K, our secured credit agreement (the Credit Facility) includes two tranches of term loans (the 2027 Term Loans and the 2029 Term Loans) and a revolving credit facility (the Revolver). A portion of the term loans is hedged by interest rate swap arrangements, as discussed in Note 10. In January 2024, we entered into an amendment to the Credit Facility to provide for a new tranche of term loans maturing in 2029, the proceeds of which were used to refinance our existing 2029 Term Loans. Pursuant to this amendment, these loans were issued at par and bear interest at a rate equal to, at our option, either (a) Secured Overnight Financing Rate (SOFR) for the applicable interest period plus a margin of 2.0% per annum or (b) a margin of 1.0% per annum plus the highest of (i) the Federal Funds Rate plus 0.5%, (ii) the Prime Rate or (iii) SOFR for an interest period of one month plus 1.0%. As of March 31, 2024, we had $998.8 million available for borrowing under the Revolver as $1.2 million has been used to secure the issuance of standby letters of credit. We were not in violation of any covenants of the Credit Facility as of March 31, 2024. Senior Notes As described in our 2023 Form 10-K, we have completed two offerings of senior notes (the 2027 Senior Notes and the 2029 Senior Notes). As of March 31, 2024, we were not in violation of any covenants of the Senior Notes. Fair Value The estimated fair values of our long-term debt instruments are based on observable market prices for these instruments, which are traded in less active markets and therefore classified as Level 2 fair value measurements, and were as follows as of March 31, 2024: 2027 Term Loans $ 722.8 2029 Term Loans $ 1,748.0 2027 Senior Notes $ 587.2 2029 Senior Notes $ 721.6 Future Debt Maturities Aggregate principal payments, exclusive of any unamortized original issue discount and debt issuance costs, due on long-term debt as of March 31, 2024 were as follows: Year Ending December 31: 2024 (remainder of) $ 18.8 2025 25.0 2026 25.0 2027 1,318.8 2028 17.5 Thereafter 2,464.8 $ 3,869.9

Derivatives and Hedging

Derivatives and Hedging	3 Months Ended
Derivatives and Hedging	Mar. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives and Hedging	Derivatives and Hedging We utilize the following derivative instruments designated as cash flow hedges: • foreign exchange forward contracts to hedge certain forecasted sales transactions denominated in foreign currencies; • cross-currency swaps used to manage variability due to movements in foreign currency exchange rates related to a Euro-denominated intercompany loan; and • pay-fixed rate, receive-floating rate interest rate swaps to effectively convert portions of our variable-rate debt to fixed. We also utilize cross-currency swaps designated as net investment hedges to mitigate the risk associated with exchange rate fluctuations on our net investment in certain foreign operations. The following table summarizes our outstanding derivative instruments on a gross basis, all of which are considered Level 2 financial instruments: Notional Amount Fair Value of Derivative Assets (2) Fair Value of Derivative Liabilities (2) March 31, 2024 December 31, 2023 March 31, 2024 December 31, 2023 March 31, 2024 December 31, 2023 Cash flow hedges: Foreign exchange forward contracts (1) $ 663.7 $ 592.1 $ 1.9 $ 1.4 $ 3.6 $ 14.7 Cross-currency swaps (2) 546.9 560.8 — — 6.4 13.9 Interest rate swaps 1,954.5 1,959.7 148.5 127.2 — — Net investment hedges: Cross-currency swaps (3) 701.1 718.8 — — 8.2 17.8 Total hedges $ 3,866.2 $ 3,831.4 $ 150.4 $ 128.6 $ 18.2 $ 46.4 _________________________________ (1) The notional amount includes $0.7 million of foreign exchange forward contracts not designated as cash flow hedges, the aggregate fair value of which was $0.9 million at March 31, 2024. (2) The notional values of the cross-currency swaps have been translated from Euros to U.S. dollars at the foreign currency rates in effect of approximately 1.08 and 1.10 as of March 31, 2024 and December 31, 2023, respectively. (3) In our balance sheets, all derivative assets are recorded within prepaid expenses and other current assets accrued expenses and other current liabilities The following table summarizes the effect of our hedging relationships on accumulated other comprehensive income (AOCI): Unrealized Gains (Losses) Recognized in Other Comprehensive Income Three Months Ended March 31, 2024 March 31, 2023 Cash flow hedges: Foreign exchange forward contracts (1) $ 9.3 $ (6.9) Cross-currency swaps (2.1) 2.0 Interest rate swaps 21.1 (34.6) Net investment hedges: Cross-currency swaps 13.2 (6.4) Total hedges $ 41.5 $ (45.9) _________________________________ (1) Amounts include gains and losses realized upon contract settlement but not yet recognized into earnings from AOCI. The following tables summarize the locations and amounts of gains (losses) recognized within earnings related to our hedging relationships: Three Months Ended March 31, 2024 Three Months Ended March 31, 2023 Revenue Interest Expense Other Income (Expense), Net Revenue Interest Expense Other Income (Expense), Net Cash flow hedges: Foreign exchange forward contracts: Reclassified from AOCI into income $ 1.6 $ — $ — $ 4.8 $ — $ — Cross-currency swaps: Reclassified from AOCI into income (1) — 2.4 12.4 — 2.4 (7.1) Interest rate swaps: Reclassified from AOCI into income — 18.0 — — 14.1 — Net investment hedges: Cross-currency swaps: Reclassified from AOCI into income — 3.1 — — 3.2 — Total hedges $ 1.6 $ 23.5 $ 12.4 $ 4.8 $ 19.7 $ (7.1) _________________________________ (1) The amounts reflected in other income (expense), net include $(12.4) million and $7.0 million reclassified from AOCI to offset the earnings impact of the remeasurement of the Euro-denominated intercompany loan hedged by cross-currency swaps during the three months ended March 31, 2024 and 2023, respectively. As of March 31, 2024, we estimate that $97.2 million of net deferred gains related to our designated hedges will be recognized in earnings over the next 12 months. No amounts have been excluded from our hedge effectiveness testing. Risk Management Strategies Foreign Exchange Forward Contracts From time-to-time, we may enter into foreign exchange forward contracts with financial institutions to hedge certain forecasted sales transactions denominated in foreign currencies. We designate these forward contracts as cash flow hedges, which are recognized as either assets or liabilities at fair value. At March 31, 2024, all such contracts had maturities of 24 months or less. Cross-Currency Swaps In April 2017, in order to manage variability due to movements in foreign currency rates related to a Euro-denominated intercompany loan, we entered into five-year cross-currency swaps. In March 2022, we entered into a transaction to extend the maturity of these swaps to August 31, 2027. We and the existing counterparties executed cancellation agreements to terminate all rights, obligations and liabilities associated with the original swaps. On the modification date, the existing cash flow hedging relationships were de-designated and new hedging relationships incorporating the terms of the new swaps (the 2022 Cross-Currency Swaps) were designated as either cash flow hedging relationships or net investment hedging relationships. The 2022 Cross-Currency Swaps had an aggregate amortizing notional amount of €1,184.2 million at inception (approximately $1,262.5 million). The swaps designated as cash flow hedging relationships convert the 3.00% fixed rate Euro-denominated interest and principal receipts on the intercompany loan into U.S. dollar interest and principal receipts at a fixed rate of 4.81%. The swaps designated as net investment hedging relationships hedge the foreign currency exposure of our net investment in certain Euro denominated functional currency subsidiaries. Pursuant to the contracts, the Euro notional value will be exchanged for the U.S. dollar notional value at maturity. Interest Rate Swaps In April 2017, we entered into a five-year pay-fixed rate, receive-floating rate interest rate swap arrangement to effectively convert a portion of the variable-rate borrowings under the previously issued term loans maturing in 2024, which were refinanced with the 2029 Term Loans, to a fixed rate of 5.44%. In March 2022, we entered into a transaction to extend the maturity of the swaps to August 31, 2027. We and the existing counterparties executed cancellation agreements to terminate all rights, obligations and liabilities associated with the original swaps. On the modification date, the existing cash flow hedging relationships were de-designated and new hedging relationships incorporating the terms of the new interest rate swaps (the 2022 Interest Rate Swaps) were designated. The 2022 Interest Rate Swaps, which had an amortizing notional amount of $1,262.5 million at inception, serve to convert a portion of the variable-rate borrowings under the 2029 Term Loans to a fixed rate of 4.81%. In November 2022, in conjunction with the concurrent Credit Facility refinancing discussed in our 2023 Form 10-K, we terminated these swaps and entered into new SOFR-based interest rate swaps. This modification impacted no critical terms other than the reference rate change from LIBOR to SOFR and thus had no impact on our hedging relationships or financial statements. In August 2020, in conjunction with the issuance of the 2027 Term Loans, we entered into seven-year pay-fixed rate, receive-floating rate interest rate swaps to effectively convert the variable one-month LIBOR interest rate on the 2027 Term Loans borrowings to a fixed rate of 0.705%. These interest rate swaps, which mature on August 10, 2027, had an aggregate notional amount of $750.0 million at inception. In May 2023, in conjunction with the concurrent Credit Facility amendment, we terminated these swaps and entered into new SOFR-based interest rate swaps. This modification impacted no critical terms other than the reference rate change from LIBOR to SOFR and thus had no impact on our hedging relationships or financial statements. The objective of these arrangements, which are designated as cash flow hedges and recognized as assets or liabilities at fair value, is to manage the variability of cash flows in the interest payments related to the portion of the variable-rate debt designated as being hedged. The unrealized gains and losses on the swaps are included in AOCI and will be recognized in earnings within or against interest expense when the hedged interest payments are accrued each month.

Leases

Leases	3 Months Ended
Leases	Mar. 31, 2024
Leases [Abstract]
Leases	Leases Our operating leases primarily consist of office and data center space expiring at various dates through October 2034. Certain leases include options to renew or terminate at our discretion. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants. As of March 31, 2024, operating leases have a remaining weighted average lease term of 6.5 years and our operating lease liabilities were measured using a weighted average discount rate of 5.5%. The components of operating lease expense were as follows: Three Months Ended March 31, 2024 March 31, 2023 Operating lease costs $ 7.5 $ 9.8 Variable lease costs 3.7 3.8 Sublease income (2.9) (2.3) Total net lease cost $ 8.3 $ 11.3 During the three months ended March 31, 2024, we recognized $5.8 million of expense related to the abandonment of certain operating leases, which is included within restructuring and other . As of March 31, 2024, we have $14.9 million in commitments for operating leases that have not yet commenced, and therefore are not included in our right-of-use assets or operating lease liabilities. These leases will commence during Q2 2024 with a weighted average lease term of 6.7 years.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
Commitments and Contingencies	Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Litigation From time-to-time, we are a party to litigation and subject to claims, suits, regulatory and government investigations, other proceedings and consent decrees in the ordinary course of business, including intellectual property claims, putative and certified class actions, commercial and consumer protection claims, labor and employment claims, breach of contract claims and other asserted and unasserted claims. We investigate claims as they arise and accrue estimates for resolution of legal and other contingencies when losses are probable and reasonably estimable. There have been no material changes outside of the ordinary course of business to our known contractual obligations, which were included in Note 13 of Item 8 of our 2023 Form 10-K. Indirect Taxes We are subject to indirect taxation in some, but not all, of the various states and foreign jurisdictions in which we conduct business. Laws and regulations attempting to subject communications and commerce conducted over the Internet to various indirect taxes are becoming more prevalent, both in the U.S. and internationally, and may impose additional burdens on us in the future. Increased regulation could negatively affect our business directly, as well as the businesses of our customers. Taxing authorities may impose indirect taxes on the Internet-related revenue we generate based on regulations currently being applied to similar, but not directly comparable, industries. There are many transactions and calculations where the ultimate indirect tax determination is uncertain. In addition, domestic and international indirect taxation laws are complex and subject to change. We may be audited in the future, which could result in changes to our indirect tax estimates. We continually evaluate those jurisdictions in which nexus exists, and believe we maintain adequate indirect tax accruals. Our accrual for estimated indirect tax liabilities was $25.5 million and $23.6 million as of March 31, 2024 and December 31, 2023, respectively, reflecting our best estimate of the probable liability based on an analysis of our business activities, revenues subject to indirect taxes and applicable regulations. Although we believe our indirect tax estimates and associated liabilities are reasonable, the final determination of indirect tax audits, litigation or settlements could be materially different than the amounts established for indirect tax contingencies.

Restructuring and Other Charges

Restructuring and Other Charges	3 Months Ended
Restructuring and Other Charges	Mar. 31, 2024
Restructuring and Related Activities [Abstract]
Restructuring and Other Charges	Restructuring and Other Charges During the three months ended March 31, 2024, we implemented restructuring activities to further reduce operating expenses and improve cash flows through a reduction in force, which impacted approximately 180 employees. In conjunction with these restructuring activities, we recognized $11.1 million of pre-tax restructuring charges in our statement of operations related to severance, employee benefits and equity-based compensation. Of the $11.1 million of pre-tax restructuring charges recognized during the three months ended March 31, 2024, $4.5 million and $6.1 million were recognized within our A&C and Core segments, respectively, and $0.5 million was recognized as corporate overhead. Cash payments of $1.3 million related to the restructuring activities described above were made during the three months ended March 31, 2024. We expect to make substantially all remaining restructuring payments by the end of the third quarter of 2024. The following table shows the total amount incurred and the accrued restructuring costs, which are recorded in accrued expenses and other current liabilities in our balance sheet, for severance and employee benefits: Accrued Restructuring Costs Accrued restructuring costs as of December 31, 2023 $ 7.4 Restructuring costs incurred (1) 10.6 Amount paid during the three months ended March 31, 2024 (8.0) Accrued restructuring costs as of March 31, 2024 $ 10.0 Accrued restructuring costs as of December 31, 2022 $ — Restructuring costs incurred (1) 27.1 Amount paid during the three months ended March 31, 2023 (6.4) Accrued restructuring costs as of March 31, 2023 $ 20.7 ________________________________ (1) The three months ended March 31, 2024 and March 31, 2023 excludes $0.8 million and $2.3 million, respectively, of equity-based compensation expense associated with our restructuring plans which was recorded within additional paid-in capital. During the three months ended March 31, 2024, we also recognized $5.8 million of expense related to the abandonment of certain operating leases as discussed in Note 11. During the three months ended March 31, 2023, we recognized a $21.0 million charge in connection with the planned disposition of certain assets and liabilities of our hosting business within our Core segment which occurred on June 30, 2023.

Income Taxes

Income Taxes	3 Months Ended
Income Taxes	Mar. 31, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes We completed the DNC Restructure to simplify our capital structure, and on January 1, 2024, Desert Newco was converted from a partnership to a disregarded entity for U.S. income tax purposes. As a result, we now account for our deferred taxes related to Desert Newco based on the inside basis differences of our assets and liabilities where prior to the DNC Restructure we accounted for our deferred tax assets and liabilities related to Desert Newco based on the outside basis difference of our investment in Desert Newco. In connection with this change, we adjusted certain temporary differences on existing assets and liabilities which resulted in a one-time non-cash income tax benefit in the first quarter of 2024 of $267.4 million. The components of our deferred taxes before and after the DNC restructuring are as follows: January 1, 2024 December 31, 2023 (Post-DNC Restructure) (Pre-DNC Restructure) Deferred tax assets (DTAs) related to: Deferred revenue $ 636.3 $ — Goodwill 385.2 — Net operating losses (NOLs) 198.9 473.1 Intangible assets 168.0 (40.0) Tax credits 167.6 167.6 Deferred interest 44.0 44.0 Operating lease liabilities 31.8 15.3 Accrued expenses 24.2 — Investment in Desert Newco — 697.2 Other 27.2 9.3 Valuation allowance (167.0) (377.5) Total DTAs 1,516.2 989.0 Deferred tax liabilities (DTLs) related to: Deferred cost of revenue (149.2) — Unrealized gains (71.9) — Operating lease assets (18.1) (6.4) Original issue discount and debt issuance costs (14.0) — Total DTLs (253.2) (6.4) Net DTAs $ 1,263.0 $ 982.6 Our effective tax rate differs from the U.S. federal statutory rate primarily due to a one-time benefit related to the DNC Restructure and the impact of foreign earnings primarily related to the United Kingdom, Germany and India jurisdictions. We monitor the realizability of our DTAs considering all relevant factors at each reporting period. As of March 31, 2024, based on the relevant weight of positive and negative evidence, including our ability to forecast future operating results, historical tax losses and our ability to utilize DTAs within the requisite carryforward periods, we do not maintain a valuation allowance on the majority of our U.S. federal and state DTAs. During the first quarter of 2024, management applied judgment and recorded a $13.0 million tax benefit for the reversal of a valuation allowance as a result of changes to our U.S. filing group from the DNC Restructure. We do maintain valuation allowances on certain U.S., state, and foreign carry forwards as we concluded they are not more likely than not to be realized . Uncertain Tax Positions The total amount of gross unrecognized tax benefits was $171.3 million as of March 31, 2024, of which $48.6 million, if fully recognized, would decrease our effective tax rate. Although we believe the amounts reflected in our tax returns substantially comply with applicable U.S. federal, state and foreign tax regulations, the respective taxing authorities may take contrary positions based on their interpretation of the law. A tax position successfully challenged by a taxing authority could result in an adjustment to our provision or benefit for income taxes in the period in which a final determination is made.

Income Per Share

Income Per Share	3 Months Ended
Income Per Share	Mar. 31, 2024
Earnings Per Share [Abstract]
Income Per Share	Income Per Share Basic income per share is computed by dividing net income attributable to GoDaddy Inc. by the weighted-average number of shares of Class A common stock outstanding during the period. Diluted income per share is computed giving effect to all potentially dilutive shares unless their effect is antidilutive. A reconciliation of the numerator and denominator used in the calculation of basic and diluted income per share is as follows: Three Months Ended March 31, 2024 2023 Numerator: Net income $ 401.5 $ 47.4 Less: net income attributable to non-controlling interests — 0.1 Net income attributable to GoDaddy Inc. $ 401.5 $ 47.3 Denominator: Weighted-average shares of Class A common stock outstanding—basic 142,528 154,124 Effect of dilutive securities: Class B common stock — 309 Stock options 443 535 RSUs, PSUs and ESPP shares 2,705 1,676 Weighted-average shares of Class A Common stock outstanding—diluted 145,676 156,644 Net income attributable to GoDaddy Inc. per share of Class A common stock—basic $ 2.82 $ 0.31 Net income attributable to GoDaddy Inc. per share of Class A common stock—diluted $ 2.76 $ 0.30 The following number of weighted-average potentially dilutive shares were excluded from the calculation of diluted income per share because the effect of including such potentially dilutive shares would have been antidilutive: Three Months Ended March 31, 2024 2023 Stock options — 20 RSUs, PSUs and ESPP shares 939 554 939 574 Shares of Class B common stock were not participating securities and, therefore, do not have rights to share in our earnings. Accordingly, separate presentation of income per share of Class B common stock under the two-class method is not required. Prior to the DNC Restructure, each LLC Unit was exchangeable into a share of Class A common stock only together with an equal number of shares of Class B common stock. All LLC Units of DNC not held by us or our subsidiaries were cancelled and converted into newly issued shares of Class A common stock in conjunction with the DNC Restructure.

Segment Information

Segment Information	3 Months Ended
Segment Information	Mar. 31, 2024
Segment Reporting [Abstract]
Segment Information	Segment Information We report our operating results through two reportable segments: A&C and Core. Our chief operating decision maker (CODM), which, as of March 31, 2024, was our Chief Executive Officer, evaluates the performance of and allocates resources to our segments based on each segment's revenue and earnings before interest, taxes, depreciation and amortization (Segment EBITDA). Segment EBITDA is defined as segment revenues less costs and operating expenses, 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 Segment EBITDA serves as a measure that assists our CODM and our investors in comparing our segments' performance on a consistent basis. Our CODM does not use assets by segment to evaluate performance or allocate resources; therefore, we do not provide disclosure of assets by segment. See Note 2 for property, plant, and equipment, net as well as revenue disaggregated by geography. The A&C and Core segments provide a view into the product-focused organization of our business and generate revenue as follows: • A&C primarily consists of sales of products containing proprietary software, notably our website building products, as well as our commerce products and third-party email and productivity solutions and sales of certain products when they are included in bundled offerings of our proprietary software products. • Core primarily consists of sales of domain registrations and renewals, aftermarket domain sales, website hosting products and website security products when not included in bundled offerings of our proprietary software products as well as sales of products not containing a software component. There are no internal revenue transactions between our reportable segments. Corporate overhead primarily includes general and administrative expenses and items not allocated to either segment as well as those costs specifically excluded from Segment EBITDA, our segment measure of profitability, such as depreciation and amortization, interest expense and income and provision or benefit for income taxes. The following table presents our segment information for the periods indicated: Three Months Ended March 31, 2024 2023 Revenue: A&C $ 383.1 $ 338.0 Core 725.4 698.0 Total revenue $ 1,108.5 $ 1,036.0 Segment EBITDA: A&C $ 161.9 $ 132.4 Core 216.7 189.0 Total Segment EBITDA 378.6 321.4 Unallocated corporate overhead (65.6) (71.7) Depreciation and amortization (37.2) (48.5) Equity-based compensation expense (1) (71.0) (71.6) Interest expense, net of interest income (34.7) (38.0) Acquisition-related expenses (0.9) (4.4) Restructuring and other (2) (26.0) (39.6) Income before income taxes 143.2 47.6 Benefit (provision) for income taxes 258.3 (0.2) Net income $ 401.5 $ 47.4 _________________________________ (1) The three months ended March 31, 2024 and March 31, 2023 excludes $0.8 million and $2.3 million, respectively, of equity-based compensation expense associated with our restructuring activities which is included within restructuring and other. (2) In addition to the restructuring and other in our statements of operations, other charges included are primarily composed of lease-related expenses associated with closed facilities and lease abandonments, charges related to certain legal matters, adjustments to the fair value of our equity investments and expenses incurred in relation to the refinancing of our long-term debt.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	3 Months Ended
Accumulated Other Comprehensive Income (Loss)	Mar. 31, 2024
Equity [Abstract]
Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss) The following table presents AOCI activity in equity: Foreign Currency Translation Adjustments Net Unrealized Gains (Losses) on Cash Flow Hedges (1) Total AOCI Gross balance as of December 31, 2023 (2) $ (83.6) $ 195.0 $ 111.4 Other comprehensive income (loss) before reclassifications 3.8 (17.7) (13.9) Amounts reclassified from AOCI — 37.5 37.5 Other comprehensive income 3.8 19.8 23.6 Balance as of March 31, 2024 $ (79.8) $ 214.8 $ 135.0 Gross balance as of December 31, 2022 (2) $ (75.0) $ 253.4 $ 178.4 Other comprehensive income (loss) before reclassifications 2.1 (56.9) (54.8) Amounts reclassified from AOCI — 17.4 17.4 Other comprehensive income (loss) 2.1 (39.5) (37.4) $ (72.9) $ 213.9 141.0 Less: AOCI attributable to non-controlling interests (0.3) Balance as of March 31, 2023 $ 140.7 _________________________________ (1) Amounts shown for our foreign exchange forward contracts include gains and losses realized upon contract settlement but not yet recognized into earnings from AOCI. (2) Beginning balance is presented on a gross basis, excluding the allocation of AOCI attributable to non-controlling interests.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Millions	Mar. 31, 2024	Mar. 31, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 401.5	$ 47.3

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Mar. 31, 2024 shares
Trading Arrangements, by Individual
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false
Aman Bhutani [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement	On March 8, 2024, Aman Bhutani, Chief Executive Officer, adopted a 10b5-1 trading plan intended to satisfy the affirmative defense of Rule 10b5-1(c) under the Exchange Act. The 10b5-1 trading plan provides for the sale of an aggregate of
Name	Aman Bhutani
Title	Chief Executive Officer
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	March 8, 2024
Arrangement Duration	395 days
Aggregate Available	37,500
Nick Daddario [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement	On March 8, 2024, following the completion of all trades under his previously adopted 10b5-1 trading plan, Nick Daddario, Chief Accounting Officer, adopted a 10b5-1 trading plan intended to satisfy the affirmative defense of Rule 10b5-1(c) under the Exchange Act. The 10b5-1 trading plan provides for the sale of an aggregate of 7,878 shares of the company's Class A common stock between June 2024 and June 2025.
Name	Nick Daddario
Title	Chief Accounting Officer
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	March 8, 2024
Arrangement Duration	394 days
Aggregate Available	7,878

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
Summary of Significant Accounting Policies (Policies)	Mar. 31, 2024
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation Our financial statements have been prepared in accordance with generally accepted accounting principles in the United States (GAAP) and include our accounts and the accounts of our subsidiaries. All material intercompany accounts and transactions have been eliminated. Our interim financial statements are unaudited and, in our opinion, include all adjustments of a normal recurring nature necessary for the fair presentation of the periods presented. The results for interim periods are not necessarily indicative of the results to be expected for any subsequent period or for the year ending December 31, 2024. These financial statements should be read in conjunction with our audited financial statements and related notes included in our Annual Report on Form 10-K for the year ended December 31, 2023 (the 2023 Form 10-K). Prior Period Presentation Certain immaterial prior period amounts have been reclassified to conform to the current period presentation.
Use of Estimates	Use of Estimates GAAP requires us to make estimates and assumptions affecting amounts reported in our financial statements. We periodically evaluate our estimates and adjust prospectively, if necessary. We believe our estimates and assumptions are reasonable; however, actual results may differ.
Segments	Segments
Assets Recognized from Contract Costs	Assets Recognized from Contract Costs
Restructuring and Other	Restructuring and Other
Fair Value Measurements	Fair Value Measurements Fair value is defined as an exit price, representing the amount that would be received to sell an asset, or paid to transfer a liability, in an orderly transaction between market participants. The framework for measuring fair value provides a three-tier hierarchy prioritizing inputs to valuation techniques used in measuring fair value as follows: Level 1 — Observable inputs such as quoted prices for identical assets or liabilities in active markets; Level 2 — Inputs, other than quoted prices for identical assets or liabilities in active markets, which are observable either directly or indirectly; and Level 3 — Unobservable inputs in which there is little or no market data requiring the reporting entity to develop its own assumptions. We hold certain assets required to be measured at fair value on a recurring basis. These include time deposits, which we classify within Level 1 because we use quoted market prices to determine their fair value. Level 2 assets and liabilities include commercial paper and derivative financial instruments associated with hedging activity, as further discussed in Note 10. Derivative financial instruments are measured at fair value on the contract date and are subsequently remeasured each reporting period using inputs such as spot rates, discount rates and forward rates. There are not active markets for the hedge contracts themselves; however, the inputs used to calculate the fair value of the instruments are tied to active markets.
Recent Accounting Pronouncements	In November 2023, the Financial Standards Accounting Board (FASB) issued guidance to update reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses and information used to assess segment performance. This update is effective for our 2024 fiscal year and interim periods in fiscal year 2025, with early adoption permitted. We are currently evaluating the impact that the adoption of this standard will have on our consolidated financial statements. In December 2023, the FASB issued guidance to enhance the transparency and decision usefulness of income tax disclosures. The amendments in this guidance require additional disclosures about income taxes, primarily focused on the disclosure of income taxes paid and the rate reconciliation table. The new guidance will be effective for the 2025 fiscal year, with early adoption permitted. We are currently evaluating the impact of this standard on our disclosures within our consolidated financial statements.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	3 Months Ended
Summary of Significant Accounting Policies (Tables)	Mar. 31, 2024
Accounting Policies [Abstract]
Property and Equipment, Net by Geography	Property and equipment, net by geography was as follows: March 31, 2024 December 31, 2023 U.S. $ 139.0 $ 146.9 France 17.3 19.8 All other international 15.0 18.6 $ 171.3 $ 185.3
Revenue by Product Type	Revenue by major product type was as follows: Three Months Ended March 31, 2024 2023 A&C $ 383.1 $ 338.0 Core: domains 532.0 492.1 Core: other 193.4 205.9 $ 1,108.5 $ 1,036.0
Revenue by Geography	Revenue by geography is based on the customer's billing address and was as follows: Three Months Ended March 31, 2024 2023 U.S. $ 755.6 $ 695.4 International 352.9 340.6 $ 1,108.5 $ 1,036.0
Fair Value of Assets and Liabilities Measured on a Recurring Basis	The following tables set forth our material assets and liabilities measured and recorded at fair value on a recurring basis: March 31, 2024 Level 1 Level 2 Level 3 Total Assets: Cash and cash equivalents: Commercial paper $ — $ 49.8 $ — $ 49.8 Time deposits 58.8 — — 58.8 Derivative assets — 150.4 — 150.4 Total assets $ 58.8 $ 200.2 $ — $ 259.0 Liabilities: Derivative liabilities $ — $ 18.2 $ — $ 18.2 December 31, 2023 Level 1 Level 2 Level 3 Total Assets: Cash and cash equivalents: Commercial paper $ — $ 39.6 $ — $ 39.6 Time deposits 40.0 — — 40.0 Short-term investments: Time deposits 40.0 40.0 Derivative assets — 128.6 — 128.6 Total assets $ 80.0 $ 168.2 $ — $ 248.2 Liabilities: Derivative liabilities $ — $ 46.4 $ — $ 46.4

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	3 Months Ended
Goodwill and Intangible Assets (Tables)	Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The following table summarizes changes in our goodwill balance by segment: A&C Core Total Balance at December 31, 2023 $ 1,513.6 $ 2,055.7 $ 3,569.3 Impact of foreign currency translation (7.9) (11.0) (18.9) Less: goodwill related to disposition of a business — (1.7) (1.7) Balance at March 31, 2024 $ 1,505.7 $ 2,043.0 $ 3,548.7
Schedule of Indefinite-Lived Intangible Assets	Intangible assets, net are summarized as follows: March 31, 2024 Gross Accumulated Net Carrying Indefinite-lived intangible assets: Trade names and branding $ 445.0 n/a $ 445.0 Domain portfolio 232.6 n/a 232.6 Contractual-based assets 292.7 n/a 292.7 Finite-lived intangible assets: Customer-related 399.6 $ (315.1) 84.5 Developed technology 237.3 (202.1) 35.2 Trade names and other 95.2 (61.5) 33.7 $ 1,702.4 $ (578.7) $ 1,123.7 December 31, 2023 Gross Accumulated Net Carrying Indefinite-lived intangible assets: Trade names and branding $ 445.0 n/a $ 445.0 Domain portfolio 233.6 n/a 233.6 Contractual-based assets 292.7 n/a 292.7 Finite-lived intangible assets: Customer-related 459.3 $ (352.2) 107.1 Developed technology 246.8 (205.6) 41.2 Trade names and other 104.8 (65.8) 39.0 $ 1,782.2 $ (623.6) $ 1,158.6
Schedule of Finite-Lived Intangible Assets	Intangible assets, net are summarized as follows: March 31, 2024 Gross Accumulated Net Carrying Indefinite-lived intangible assets: Trade names and branding $ 445.0 n/a $ 445.0 Domain portfolio 232.6 n/a 232.6 Contractual-based assets 292.7 n/a 292.7 Finite-lived intangible assets: Customer-related 399.6 $ (315.1) 84.5 Developed technology 237.3 (202.1) 35.2 Trade names and other 95.2 (61.5) 33.7 $ 1,702.4 $ (578.7) $ 1,123.7 December 31, 2023 Gross Accumulated Net Carrying Indefinite-lived intangible assets: Trade names and branding $ 445.0 n/a $ 445.0 Domain portfolio 233.6 n/a 233.6 Contractual-based assets 292.7 n/a 292.7 Finite-lived intangible assets: Customer-related 459.3 $ (352.2) 107.1 Developed technology 246.8 (205.6) 41.2 Trade names and other 104.8 (65.8) 39.0 $ 1,782.2 $ (623.6) $ 1,158.6
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	Based on the balance of finite-lived intangible assets as of March 31, 2024, expected future amortization expense is as follows: Year Ending December 31: 2024 (remainder of) $ 55.7 2025 67.8 2026 22.5 2027 4.2 2028 1.9 Thereafter 1.3 $ 153.4

Prepaid Expenses and Other Cu_2

Prepaid Expenses and Other Current Assets (Tables)	3 Months Ended
Prepaid Expenses and Other Current Assets (Tables)	Mar. 31, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Prepaid Expenses and Other Current Assets	Prepaid expenses and other current assets consisted of the following: March 31, 2024 December 31, 2023 Derivative assets $ 148.5 $ 127.2 Prepaid software and maintenance expenses 40.2 23.0 Other 33.1 27.0 $ 221.8 $ 177.2

Equity-Based Compensation Pla_2

Equity-Based Compensation Plans (Tables)	3 Months Ended
Equity-Based Compensation Plans (Tables)	Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]
Summary of Stock Award Activity	The following table summarizes stock option activity: Number of Weighted- Outstanding at December 31, 2023 845 49.60 Exercised (80) 26.52 Forfeited — 18.00 Outstanding at March 31, 2024 765 52.03 Vested at March 31, 2024 764 52.01 The following table summarizes stock award activity: Number of Outstanding at December 31, 2023 6,257 Granted: RSUs 2,472 Granted: TSR-based PSUs 212 TSR-based PSU achievement above target 230 Vested (1,542) Forfeited (221) Outstanding at March 31, 2024 (1) 7,408 _________________________________ (1) The balance of outstanding awards is comprised of the following: Number of Weighted-Average Grant-Date Fair Value Per Share ($) RSUs 6,757 91.62 TSR-based PSUs 651 142.30 Outstanding at March 31, 2024 7,408

Deferred Revenue (Tables)

Deferred Revenue (Tables)	3 Months Ended
Deferred Revenue (Tables)	Mar. 31, 2024
Revenue from Contract with Customer [Abstract]
Composition of Deferred Revenue	Deferred revenue consisted of the following: March 31, 2024 December 31, 2023 Current: A&C $ 742.2 $ 683.8 Core 1,432.2 1,391.1 $ 2,174.4 $ 2,074.9 Noncurrent: A&C $ 186.7 $ 173.5 Core 656.2 628.9 $ 842.9 $ 802.4
Expected Recognition of Deferred Revenue	Deferred revenue as of March 31, 2024 represents our aggregate remaining performance obligations that will be recognized as revenue over the period in which the performance obligations are expected to be satisfied, as follows: Remainder of 2024 2025 2026 2027 2028 Thereafter Total A&C $ 663.4 $ 186.5 $ 59.8 $ 11.7 $ 4.5 $ 3.0 $ 928.9 Core 1,238.7 492.2 172.5 80.2 43.6 61.2 2,088.4 $ 1,902.1 $ 678.7 $ 232.3 $ 91.9 $ 48.1 $ 64.2 $ 3,017.3

Accrued Expenses and Other Cu_2

Accrued Expenses and Other Current Liabilities (Tables)	3 Months Ended
Accrued Expenses and Other Current Liabilities (Tables)	Mar. 31, 2024
Payables and Accruals [Abstract]
Composition of Accrued Expenses and Other Current Liabilities	Accrued expenses and other current liabilities consisted of the following: March 31, 2024 December 31, 2023 Accrued payroll and employee benefits $ 104.6 $ 143.6 Tax-related accruals 68.9 56.2 Accrued legal and professional 37.8 34.2 Current portion of operating lease liabilities 26.6 29.1 Share repurchases not yet settled 19.3 — Derivative liabilities 18.1 46.4 Accrued marketing and advertising 16.1 12.3 Accrued interest 14.9 13.6 Accrued restructuring costs 10.0 7.4 Accrued acquisition-related expenses 1.6 20.6 Other 91.6 78.8 $ 409.5 $ 442.2

Long-Term Debt (Tables)

Long-Term Debt (Tables)	3 Months Ended
Long-Term Debt (Tables)	Mar. 31, 2024
Debt Disclosure [Abstract]
Composition of Long-Term Debt	Long-term debt consisted of the following: Maturity Date March 31, 2024 December 31, 2023 2027 Term Loans (effective interest rate of 7.7% at March 31, 2024 and 7.4% at December 31, 2023) August 10, 2027 $ 721.9 $ 723.8 2029 Term Loans (effective interest rate of 7.9% at March 31, 2024 and 8.4% at December 31, 2023) November 10, 2029 1,748.0 1,752.3 2027 Senior Notes (effective interest rate of 5.5% at March 31, 2024 and 5.4% at December 31, 2023) December 1, 2027 600.0 600.0 2029 Senior Notes (effective interest rate of 3.7% at March 31, 2024 and 3.6% at December 31, 2023) March 1, 2029 800.0 800.0 Revolver November 10, 2027 — — Total 3,869.9 3,876.1 Less: unamortized original issue discount and debt issuance costs (1) (57.5) (59.7) Less: current portion of long-term debt (17.6) (17.9) $ 3,794.8 $ 3,798.5 _________________________________ (1) Original issue discount and debt issuance costs are amortized to interest expense over the life of the related debt instruments using the interest method.
Estimated Fair Values of Long-Term Debt Instruments	The estimated fair values of our long-term debt instruments are based on observable market prices for these instruments, which are traded in less active markets and therefore classified as Level 2 fair value measurements, and were as follows as of March 31, 2024: 2027 Term Loans $ 722.8 2029 Term Loans $ 1,748.0 2027 Senior Notes $ 587.2 2029 Senior Notes $ 721.6
Aggregate Principal Payments Due on Long-Term Debt	Aggregate principal payments, exclusive of any unamortized original issue discount and debt issuance costs, due on long-term debt as of March 31, 2024 were as follows: Year Ending December 31: 2024 (remainder of) $ 18.8 2025 25.0 2026 25.0 2027 1,318.8 2028 17.5 Thereafter 2,464.8 $ 3,869.9

Derivatives and Hedging (Tables

Derivatives and Hedging (Tables)	3 Months Ended
Derivatives and Hedging (Tables)	Mar. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Summary of Outstanding Derivative Instruments	The following table summarizes our outstanding derivative instruments on a gross basis, all of which are considered Level 2 financial instruments: Notional Amount Fair Value of Derivative Assets (2) Fair Value of Derivative Liabilities (2) March 31, 2024 December 31, 2023 March 31, 2024 December 31, 2023 March 31, 2024 December 31, 2023 Cash flow hedges: Foreign exchange forward contracts (1) $ 663.7 $ 592.1 $ 1.9 $ 1.4 $ 3.6 $ 14.7 Cross-currency swaps (2) 546.9 560.8 — — 6.4 13.9 Interest rate swaps 1,954.5 1,959.7 148.5 127.2 — — Net investment hedges: Cross-currency swaps (3) 701.1 718.8 — — 8.2 17.8 Total hedges $ 3,866.2 $ 3,831.4 $ 150.4 $ 128.6 $ 18.2 $ 46.4 _________________________________ (1) The notional amount includes $0.7 million of foreign exchange forward contracts not designated as cash flow hedges, the aggregate fair value of which was $0.9 million at March 31, 2024. (2) The notional values of the cross-currency swaps have been translated from Euros to U.S. dollars at the foreign currency rates in effect of approximately 1.08 and 1.10 as of March 31, 2024 and December 31, 2023, respectively. (3) In our balance sheets, all derivative assets are recorded within prepaid expenses and other current assets accrued expenses and other current liabilities
Summary of the Gains (Losses) Recognized within Earnings Related to Derivative Instruments	The following table summarizes the effect of our hedging relationships on accumulated other comprehensive income (AOCI): Unrealized Gains (Losses) Recognized in Other Comprehensive Income Three Months Ended March 31, 2024 March 31, 2023 Cash flow hedges: Foreign exchange forward contracts (1) $ 9.3 $ (6.9) Cross-currency swaps (2.1) 2.0 Interest rate swaps 21.1 (34.6) Net investment hedges: Cross-currency swaps 13.2 (6.4) Total hedges $ 41.5 $ (45.9) _________________________________ (1) Amounts include gains and losses realized upon contract settlement but not yet recognized into earnings from AOCI. The following tables summarize the locations and amounts of gains (losses) recognized within earnings related to our hedging relationships: Three Months Ended March 31, 2024 Three Months Ended March 31, 2023 Revenue Interest Expense Other Income (Expense), Net Revenue Interest Expense Other Income (Expense), Net Cash flow hedges: Foreign exchange forward contracts: Reclassified from AOCI into income $ 1.6 $ — $ — $ 4.8 $ — $ — Cross-currency swaps: Reclassified from AOCI into income (1) — 2.4 12.4 — 2.4 (7.1) Interest rate swaps: Reclassified from AOCI into income — 18.0 — — 14.1 — Net investment hedges: Cross-currency swaps: Reclassified from AOCI into income — 3.1 — — 3.2 — Total hedges $ 1.6 $ 23.5 $ 12.4 $ 4.8 $ 19.7 $ (7.1) _________________________________ (1) The amounts reflected in other income (expense), net include $(12.4) million and $7.0 million reclassified from AOCI to offset the earnings impact of the remeasurement of the Euro-denominated intercompany loan hedged by cross-currency swaps during the three months ended March 31, 2024 and 2023, respectively.

Leases (Tables)

Leases (Tables)	3 Months Ended
Leases (Tables)	Mar. 31, 2024
Leases [Abstract]
Components of Lease Expenses	The components of operating lease expense were as follows: Three Months Ended March 31, 2024 March 31, 2023 Operating lease costs $ 7.5 $ 9.8 Variable lease costs 3.7 3.8 Sublease income (2.9) (2.3) Total net lease cost $ 8.3 $ 11.3

Restructuring and Other Charg_2

Restructuring and Other Charges (Tables)	3 Months Ended
Restructuring and Other Charges (Tables)	Mar. 31, 2024
Restructuring and Related Activities [Abstract]
Summary of the Activity in the Restructuring Related Accruals	The following table shows the total amount incurred and the accrued restructuring costs, which are recorded in accrued expenses and other current liabilities in our balance sheet, for severance and employee benefits: Accrued Restructuring Costs Accrued restructuring costs as of December 31, 2023 $ 7.4 Restructuring costs incurred (1) 10.6 Amount paid during the three months ended March 31, 2024 (8.0) Accrued restructuring costs as of March 31, 2024 $ 10.0 Accrued restructuring costs as of December 31, 2022 $ — Restructuring costs incurred (1) 27.1 Amount paid during the three months ended March 31, 2023 (6.4) Accrued restructuring costs as of March 31, 2023 $ 20.7 ________________________________ (1) The three months ended March 31, 2024 and March 31, 2023 excludes $0.8 million and $2.3 million, respectively, of equity-based compensation expense associated with our restructuring plans which was recorded within additional paid-in capital.

Income Taxes (Tables)

Income Taxes (Tables)	3 Months Ended
Income Taxes (Tables)	Mar. 31, 2024
Income Tax Disclosure [Abstract]
Schedule of Deferred Tax Assets and Liabilities	The components of our deferred taxes before and after the DNC restructuring are as follows: January 1, 2024 December 31, 2023 (Post-DNC Restructure) (Pre-DNC Restructure) Deferred tax assets (DTAs) related to: Deferred revenue $ 636.3 $ — Goodwill 385.2 — Net operating losses (NOLs) 198.9 473.1 Intangible assets 168.0 (40.0) Tax credits 167.6 167.6 Deferred interest 44.0 44.0 Operating lease liabilities 31.8 15.3 Accrued expenses 24.2 — Investment in Desert Newco — 697.2 Other 27.2 9.3 Valuation allowance (167.0) (377.5) Total DTAs 1,516.2 989.0 Deferred tax liabilities (DTLs) related to: Deferred cost of revenue (149.2) — Unrealized gains (71.9) — Operating lease assets (18.1) (6.4) Original issue discount and debt issuance costs (14.0) — Total DTLs (253.2) (6.4) Net DTAs $ 1,263.0 $ 982.6

Income Per Share (Tables)

Income Per Share (Tables)	3 Months Ended
Income Per Share (Tables)	Mar. 31, 2024
Earnings Per Share [Abstract]
Reconciliation of the Numerator and Denominator Used in the Calculation of Basic and Diluted Net Income Per Share	A reconciliation of the numerator and denominator used in the calculation of basic and diluted income per share is as follows: Three Months Ended March 31, 2024 2023 Numerator: Net income $ 401.5 $ 47.4 Less: net income attributable to non-controlling interests — 0.1 Net income attributable to GoDaddy Inc. $ 401.5 $ 47.3 Denominator: Weighted-average shares of Class A common stock outstanding—basic 142,528 154,124 Effect of dilutive securities: Class B common stock — 309 Stock options 443 535 RSUs, PSUs and ESPP shares 2,705 1,676 Weighted-average shares of Class A Common stock outstanding—diluted 145,676 156,644 Net income attributable to GoDaddy Inc. per share of Class A common stock—basic $ 2.82 $ 0.31 Net income attributable to GoDaddy Inc. per share of Class A common stock—diluted $ 2.76 $ 0.30
Summary of Weighted Average Potentially Dilutive Shares	The following number of weighted-average potentially dilutive shares were excluded from the calculation of diluted income per share because the effect of including such potentially dilutive shares would have been antidilutive: Three Months Ended March 31, 2024 2023 Stock options — 20 RSUs, PSUs and ESPP shares 939 554 939 574

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
Segment Information (Tables)	Mar. 31, 2024
Segment Reporting [Abstract]
Schedule of Segment Information	The following table presents our segment information for the periods indicated: Three Months Ended March 31, 2024 2023 Revenue: A&C $ 383.1 $ 338.0 Core 725.4 698.0 Total revenue $ 1,108.5 $ 1,036.0 Segment EBITDA: A&C $ 161.9 $ 132.4 Core 216.7 189.0 Total Segment EBITDA 378.6 321.4 Unallocated corporate overhead (65.6) (71.7) Depreciation and amortization (37.2) (48.5) Equity-based compensation expense (1) (71.0) (71.6) Interest expense, net of interest income (34.7) (38.0) Acquisition-related expenses (0.9) (4.4) Restructuring and other (2) (26.0) (39.6) Income before income taxes 143.2 47.6 Benefit (provision) for income taxes 258.3 (0.2) Net income $ 401.5 $ 47.4 _________________________________ (1) The three months ended March 31, 2024 and March 31, 2023 excludes $0.8 million and $2.3 million, respectively, of equity-based compensation expense associated with our restructuring activities which is included within restructuring and other. (2) In addition to the restructuring and other in our statements of operations, other charges included are primarily composed of lease-related expenses associated with closed facilities and lease abandonments, charges related to certain legal matters, adjustments to the fair value of our equity investments and expenses incurred in relation to the refinancing of our long-term debt.

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	3 Months Ended
Accumulated Other Comprehensive Income (Loss) (Tables)	Mar. 31, 2024
Equity [Abstract]
OCI Activity in Equity	The following table presents AOCI activity in equity: Foreign Currency Translation Adjustments Net Unrealized Gains (Losses) on Cash Flow Hedges (1) Total AOCI Gross balance as of December 31, 2023 (2) $ (83.6) $ 195.0 $ 111.4 Other comprehensive income (loss) before reclassifications 3.8 (17.7) (13.9) Amounts reclassified from AOCI — 37.5 37.5 Other comprehensive income 3.8 19.8 23.6 Balance as of March 31, 2024 $ (79.8) $ 214.8 $ 135.0 Gross balance as of December 31, 2022 (2) $ (75.0) $ 253.4 $ 178.4 Other comprehensive income (loss) before reclassifications 2.1 (56.9) (54.8) Amounts reclassified from AOCI — 17.4 17.4 Other comprehensive income (loss) 2.1 (39.5) (37.4) $ (72.9) $ 213.9 141.0 Less: AOCI attributable to non-controlling interests (0.3) Balance as of March 31, 2023 $ 140.7 _________________________________ (1) Amounts shown for our foreign exchange forward contracts include gains and losses realized upon contract settlement but not yet recognized into earnings from AOCI. (2) Beginning balance is presented on a gross basis, excluding the allocation of AOCI attributable to non-controlling interests.

Organization and Background (De

Organization and Background (Details)		3 Months Ended
Organization and Background (Details)		Mar. 31, 2024 segment shares		Dec. 31, 2023 shares	Dec. 12, 2023 vote shares	Dec. 11, 2023 shares
Class of Stock [Line Items]
Number of reportable segments \| segment		2
Number of operating segments \| segment		2
Class A Common Stock
Class of Stock [Line Items]
Common stock, shares outstanding (in shares)		142,429,000		142,051,000
Common stock, shares issued (in shares)		142,429,000		142,051,000
Class B Common Stock
Class of Stock [Line Items]
Common stock, shares outstanding (in shares)		0	[1]	259,000
Common stock, shares issued (in shares)	[1]	0		259,000
Number of votes for each share held \| vote					1
Desert Newco, LLC
Class of Stock [Line Items]
LLC units held (as a percent)		100%
Common stock, shares outstanding (in shares)						271
GoDaddy Inc. \| Class A Common Stock
Class of Stock [Line Items]
Common stock, shares issued (in shares)					271

[1]Substantially all Class B shares were no longer outstanding as of March 31, 2024.

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Property and Equipment, Net by Geography (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Revenues from External Customers and Long-Lived Assets [Line Items]
Property and equipment, net	$ 171.3	$ 185.3
U.S.
Revenues from External Customers and Long-Lived Assets [Line Items]
Property and equipment, net	139	146.9
France
Revenues from External Customers and Long-Lived Assets [Line Items]
Property and equipment, net	17.3	19.8
All other international
Revenues from External Customers and Long-Lived Assets [Line Items]
Property and equipment, net	$ 15	$ 18.6

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Accounting Policies [Abstract]
Equity investments	$ 53.1		$ 53.1
Amortization of contract costs	$ 193.8	$ 185.1

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Revenue by Product Type (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Disaggregation of Revenue [Line Items]
Revenue	$ 1,108.5	$ 1,036
A&C
Disaggregation of Revenue [Line Items]
Revenue	383.1	338
Core
Disaggregation of Revenue [Line Items]
Revenue	725.4	698
Core \| Domains
Disaggregation of Revenue [Line Items]
Revenue	532	492.1
Core \| Other
Disaggregation of Revenue [Line Items]
Revenue	$ 193.4	$ 205.9

Summary of Significant Accoun_7

Summary of Significant Accounting Policies - Revenue by Geography (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 1,108.5	$ 1,036
U.S.
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	755.6	695.4
International
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 352.9	$ 340.6

Summary of Significant Accoun_8

Summary of Significant Accounting Policies - Fair Value of Assets and Liabilities Measured on a Recurring Basis (Details) - Measured on a Recurring Basis - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Assets:
Derivative assets	$ 150.4	$ 128.6
Total assets	259	248.2
Liabilities:
Derivative liabilities	18.2	46.4
Commercial paper and other
Assets:
Cash and cash equivalents	49.8	39.6
Time deposits
Assets:
Cash and cash equivalents	58.8	40
Short-term investments		40
Level 1
Assets:
Derivative assets	0	0
Total assets	58.8	80
Liabilities:
Derivative liabilities	0	0
Level 1 \| Commercial paper and other
Assets:
Cash and cash equivalents	0	0
Level 1 \| Time deposits
Assets:
Cash and cash equivalents	58.8	40
Short-term investments		40
Level 2
Assets:
Derivative assets	150.4	128.6
Total assets	200.2	168.2
Liabilities:
Derivative liabilities	18.2	46.4
Level 2 \| Commercial paper and other
Assets:
Cash and cash equivalents	49.8	39.6
Level 2 \| Time deposits
Assets:
Cash and cash equivalents	0	0
Short-term investments
Level 3
Assets:
Derivative assets	0	0
Total assets	0	0
Liabilities:
Derivative liabilities	0	0
Level 3 \| Commercial paper and other
Assets:
Cash and cash equivalents	0	0
Level 3 \| Time deposits
Assets:
Cash and cash equivalents	$ 0	0
Short-term investments

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Schedule of Goodwill (Details) $ in Millions	3 Months Ended
	Mar. 31, 2024 USD ($)
Goodwill [Roll Forward]
Balance at December 31, 2023	$ 3,569.3
Impact of foreign currency translation	(18.9)
Less: goodwill related to disposition of a business	(1.7)
Balance at March 31, 2024	3,548.7
Applications and commerce
Goodwill [Roll Forward]
Balance at December 31, 2023	1,513.6
Impact of foreign currency translation	(7.9)
Less: goodwill related to disposition of a business	0
Balance at March 31, 2024	1,505.7
Core platform
Goodwill [Roll Forward]
Balance at December 31, 2023	2,055.7
Impact of foreign currency translation	(11)
Less: goodwill related to disposition of a business	(1.7)
Balance at March 31, 2024	$ 2,043

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Schedule of Intangible Assets (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Accumulated Amortization	$ (578.7)	$ (623.6)
Net Carrying Amount	153.4
Gross Carrying Amount	1,702.4	1,782.2
Net Carrying Amount	1,123.7	1,158.6
Trade names and branding
Indefinite-lived Intangible Assets [Line Items]
Carrying Amount	445	445
Domain portfolio
Indefinite-lived Intangible Assets [Line Items]
Carrying Amount	232.6	233.6
Contractual-based assets
Indefinite-lived Intangible Assets [Line Items]
Carrying Amount	292.7	292.7
Customer-related
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	399.6	459.3
Accumulated Amortization	(315.1)	(352.2)
Net Carrying Amount	84.5	107.1
Developed technology
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	237.3	246.8
Accumulated Amortization	(202.1)	(205.6)
Net Carrying Amount	35.2	41.2
Trade names and other
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	95.2	104.8
Accumulated Amortization	(61.5)	(65.8)
Net Carrying Amount	$ 33.7	$ 39

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Amortization expense	$ 20.5	$ 32.7
Weighted Average
Finite-Lived Intangible Assets [Line Items]
Weighted average remaining amortization period	28 months
Customer-related
Finite-Lived Intangible Assets [Line Items]
Weighted average remaining amortization period	25 months
Developed technology
Finite-Lived Intangible Assets [Line Items]
Weighted average remaining amortization period	21 months
Trade names and other
Finite-Lived Intangible Assets [Line Items]
Weighted average remaining amortization period	43 months

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets - Future Amortization of Finite Lived Intangible Assets (Details) $ in Millions	Mar. 31, 2024 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2024 (remainder of)	$ 55.7
2025	67.8
2026	22.5
2027	4.2
2028	1.9
Thereafter	1.3
Net Carrying Amount	$ 153.4

Stockholders' Equity (Details)

Stockholders' Equity (Details) - USD ($) shares in Thousands, $ in Millions	3 Months Ended
	Mar. 31, 2024		Mar. 31, 2023	Aug. 31, 2023
Class of Stock [Line Items]
Aggregate purchase price	$ 147.1	[1]	$ 113.9
Remaining authorization available	$ 1,287.8
Class A Common Stock
Class of Stock [Line Items]
Authorized amount				$ 4,000
Class A Common Stock \| New Accelerated Share Repurchase Agreement
Class of Stock [Line Items]
Repurchases of Class A common stock (in shares)	1,245
Aggregate purchase price	$ 147.7

[1] Includes a 1% excise tax on shares repurchased, net of the fair market value of new share issuances, of $0.5 million.

Prepaid Expenses and Other Cu_3

Prepaid Expenses and Other Current Assets (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Derivative assets	$ 148.5	$ 127.2
Derivative Asset, Current, Statement of Financial Position [Extensible Enumeration]	Prepaid expenses and other current assets	Prepaid expenses and other current assets
Prepaid software and maintenance expenses	$ 40.2	$ 23
Other	33.1	27
Prepaid expenses and other current assets	$ 221.8	$ 177.2

Equity-Based Compensation Pla_3

Equity-Based Compensation Plans - Summary of Stock Option Activity (Details) shares in Thousands	3 Months Ended
	Mar. 31, 2024 $ / shares shares
Number of Shares of Class A Common Stock (#)
Outstanding at beginning of period (in shares) \| shares	845
Exercised (in shares) \| shares	(80)
Forfeited (in shares) \| shares	0
Outstanding at end of period (in shares) \| shares	765
Vested at end of period (in shares) \| shares	764
Weighted- Average Exercise Price Per Share ($)
Outstanding weighted average exercise price (in dollars per share) \| $ / shares	$ 49.60
Exercised (in dollars per share) \| $ / shares	26.52
Forfeited (in dollars per share) \| $ / shares	18
Outstanding weighted average exercise price (in dollars per share) \| $ / shares	52.03
Vested at end of period (in dollars per share) \| $ / shares	$ 52.01

Equity-Based Compensation Pla_4

Equity-Based Compensation Plans - Summary of Stock Award Activity (Details) shares in Thousands	3 Months Ended
	Mar. 31, 2024 $ / shares shares
Number of Shares of Class A Common Stock (#)
Outstanding at beginning of period (in shares)	6,257
Vested (in shares)	(1,542)
Forfeited (in shares)	(221)
Outstanding at end of period (in shares)	7,408
RSUs
Number of Shares of Class A Common Stock (#)
Granted (in shares)	2,472
Outstanding at end of period (in shares)	6,757
Weighted-average grant-date fair value per share (in dollars per share) \| $ / shares	$ 91.62
TSR-based PSUs
Number of Shares of Class A Common Stock (#)
Granted (in shares)	212
Outstanding at end of period (in shares)	651
Weighted-average grant-date fair value per share (in dollars per share) \| $ / shares	$ 142.30
TSR-Based Performance Stock Units Above Target
Number of Shares of Class A Common Stock (#)
Granted (in shares)	230

Equity-Based Compensation Pla_5

Equity-Based Compensation Plans - Narrative (Details) $ in Millions	3 Months Ended
	Mar. 31, 2024 USD ($)
RSU's and ESPP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation costs	$ 552.9
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average recognition period	2 years 3 months 18 days

Deferred Revenue - Composition

Deferred Revenue - Composition of Deferred Revenue (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Disaggregation of Revenue [Line Items]
Deferred revenue, current	$ 2,174.4	$ 2,074.9
Deferred revenue, noncurrent	842.9	802.4
Applications and commerce
Disaggregation of Revenue [Line Items]
Deferred revenue, current	742.2	683.8
Deferred revenue, noncurrent	186.7	173.5
Core platform
Disaggregation of Revenue [Line Items]
Deferred revenue, current	1,432.2	1,391.1
Deferred revenue, noncurrent	$ 656.2	$ 628.9

Deferred Revenue - Narrative (D

Deferred Revenue - Narrative (Details) $ in Millions	3 Months Ended
Deferred Revenue - Narrative (Details) $ in Millions	Mar. 31, 2024 USD ($)
Revenue from Contract with Customer [Abstract]
Revenue recognized	$ 810.3

Deferred Revenue - Expected Rec

Deferred Revenue - Expected Recognition of Deferred Revenue (Details) $ in Millions	Mar. 31, 2024 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred revenue expected to be recognized as revenue	$ 3,017.3
Applications and commerce
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred revenue expected to be recognized as revenue	928.9
Core platform
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred revenue expected to be recognized as revenue	2,088.4
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred revenue expected to be recognized as revenue	$ 1,902.1
Expected recognition period	9 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-04-01 \| Applications and commerce
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred revenue expected to be recognized as revenue	$ 663.4
Expected recognition period	9 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-04-01 \| Core platform
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred revenue expected to be recognized as revenue	$ 1,238.7
Expected recognition period	9 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred revenue expected to be recognized as revenue	$ 678.7
Expected recognition period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01 \| Applications and commerce
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred revenue expected to be recognized as revenue	$ 186.5
Expected recognition period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01 \| Core platform
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred revenue expected to be recognized as revenue	$ 492.2
Expected recognition period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred revenue expected to be recognized as revenue	$ 232.3
Expected recognition period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01 \| Applications and commerce
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred revenue expected to be recognized as revenue	$ 59.8
Expected recognition period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01 \| Core platform
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred revenue expected to be recognized as revenue	$ 172.5
Expected recognition period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred revenue expected to be recognized as revenue	$ 91.9
Expected recognition period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-01-01 \| Applications and commerce
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred revenue expected to be recognized as revenue	$ 11.7
Expected recognition period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-01-01 \| Core platform
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred revenue expected to be recognized as revenue	$ 80.2
Expected recognition period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2028-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred revenue expected to be recognized as revenue	$ 48.1
Expected recognition period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2028-01-01 \| Applications and commerce
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred revenue expected to be recognized as revenue	$ 4.5
Expected recognition period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2028-01-01 \| Core platform
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred revenue expected to be recognized as revenue	$ 43.6
Expected recognition period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2029-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred revenue expected to be recognized as revenue	$ 64.2
Expected recognition period
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2029-01-01 \| Applications and commerce
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred revenue expected to be recognized as revenue	$ 3
Expected recognition period
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2029-01-01 \| Core platform
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred revenue expected to be recognized as revenue	$ 61.2
Expected recognition period

Accrued Expenses and Other Cu_3

Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Payables and Accruals [Abstract]
Accrued payroll and employee benefits	$ 104.6	$ 143.6
Tax-related accruals	68.9	56.2
Accrued legal and professional	37.8	34.2
Current portion of operating lease liabilities	26.6	29.1
Share repurchases not yet settled	19.3	0
Derivative liabilities	$ 18.1	$ 46.4
Derivative Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accrued expenses and other current liabilities	Accrued expenses and other current liabilities
Accrued marketing and advertising	$ 16.1	$ 12.3
Accrued interest	14.9	13.6
Accrued restructuring costs	10	7.4
Accrued acquisition-related expenses	1.6	20.6
Other	91.6	78.8
Accrued expenses and other current liabilities	$ 409.5	$ 442.2

Long-Term Debt - Composition of

Long-Term Debt - Composition of Long-Term Debt (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Long-term debt	$ 3,869.9	$ 3,876.1
Less unamortized original issue discount and debt issuance costs	(57.5)	(59.7)
Less: current portion of long-term debt	(17.6)	(17.9)
Long-term debt, net of current portion	3,794.8	3,798.5
2027 Term Loans \| Secured Debt
Debt Instrument [Line Items]
Long-term debt	$ 721.9	$ 723.8
Effective interest rate percentage	7.70%	7.40%
2029 Term Loans \| Secured Debt
Debt Instrument [Line Items]
Long-term debt	$ 1,748	$ 1,752.3
Effective interest rate percentage	7.90%	8.40%
2027 Senior Notes \| Senior Notes
Debt Instrument [Line Items]
Long-term debt	$ 600	$ 600
Effective interest rate percentage	5.50%	5.40%
2029 Senior Notes \| Senior Notes
Debt Instrument [Line Items]
Long-term debt	$ 800	$ 800
Effective interest rate percentage	3.70%	3.60%
Revolver \| Line of Credit \| Revolving Credit Facility
Debt Instrument [Line Items]
Long-term debt	$ 0	$ 0

Long-Term Debt - Narrative (Det

Long-Term Debt - Narrative (Details) $ in Millions	1 Months Ended
Long-Term Debt - Narrative (Details) $ in Millions	Jan. 31, 2024	Mar. 31, 2024 USD ($) tranche
The Credit Facility \| SOFR \| Variable Rate Component One \| Line of Credit
Debt Instrument [Line Items]
Basis spread on variable rate	2%
The Credit Facility \| SOFR \| Variable Rate Component Two \| Line of Credit
Debt Instrument [Line Items]
Basis spread on variable rate	1%
Revolving Credit Facility \| The Credit Facility \| SOFR \| Line of Credit
Debt Instrument [Line Items]
Basis spread on variable rate	1%
Revolving Credit Facility \| The Credit Facility \| Federal Funds Rate \| Line of Credit
Debt Instrument [Line Items]
Basis spread on variable rate	0.50%
Line of Credit \| Revolver
Debt Instrument [Line Items]
Available borrowing capacity		$ 998.8
Line of Credit \| 2027 Term Loans And 2029 Term Loans
Debt Instrument [Line Items]
Number of tranches \| tranche		2
Standby Letters of Credit \| Senior Unsecured Revolving Credit Facility
Debt Instrument [Line Items]
Borrowings used		$ 1.2

Long-Term Debt - Estimated Fair

Long-Term Debt - Estimated Fair Values of Long-Term Debt Instruments (Details) - Level 2 $ in Millions	Mar. 31, 2024 USD ($)
2027 Term Loans \| Secured Debt
Debt Instrument [Line Items]
Estimated fair value of long-term debt	$ 722.8
2029 Term Loans \| Secured Debt
Debt Instrument [Line Items]
Estimated fair value of long-term debt	1,748
2027 Senior Notes \| Senior Notes
Debt Instrument [Line Items]
Estimated fair value of long-term debt	587.2
2029 Senior Notes \| Senior Notes
Debt Instrument [Line Items]
Estimated fair value of long-term debt	$ 721.6

Long-Term Debt - Aggregate Prin

Long-Term Debt - Aggregate Principal Payments Due on Long-Term Debt (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Debt Disclosure [Abstract]
2024 (remainder of)	$ 18.8
2025	25
2026	25
2027	1,318.8
2028	17.5
Thereafter	2,464.8
Aggregate principal payments	$ 3,869.9	$ 3,876.1

Derivatives and Hedging - Summa

Derivatives and Hedging - Summary of Outstanding Derivative Instruments (Details) € in Millions, $ in Millions	Mar. 31, 2024 USD ($) € / $	Dec. 31, 2023 USD ($) € / $	Apr. 30, 2017 USD ($)	Apr. 30, 2017 EUR (€)
Derivative [Line Items]
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Prepaid Expense and Other Assets, Current	Prepaid Expense and Other Assets, Current
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Accrued expenses and other current liabilities	Accrued expenses and other current liabilities
Designated as Hedging Instrument \| Level 2
Derivative [Line Items]
Notional amount	$ 3,866.2	$ 3,831.4
Fair value of derivative assets	150.4	128.6
Fair value of derivative liabilities	18.2	46.4
Cash Flow Hedging \| Foreign exchange forward contracts(1) \| Designated as Hedging Instrument \| Level 2
Derivative [Line Items]
Notional amount	663.7	592.1
Fair value of derivative assets	1.9	1.4
Fair value of derivative liabilities	3.6	$ 14.7
Cash Flow Hedging \| Foreign exchange forward contracts(1) \| Not Designated as Hedging Instrument \| Level 2
Derivative [Line Items]
Notional amount	0.7
Aggregate fair value	$ 0.9
Cash Flow Hedging \| Cross-currency swaps \| Designated as Hedging Instrument
Derivative [Line Items]
Notional amount			$ 1,262.5	€ 1,184.2
Euro to U.S. dollar exchange rate for translation \| € / $	1.08	1.10
Cash Flow Hedging \| Cross-currency swaps \| Designated as Hedging Instrument \| Level 2
Derivative [Line Items]
Notional amount	$ 546.9	$ 560.8
Fair value of derivative assets	0	0
Fair value of derivative liabilities	6.4	13.9
Cash Flow Hedging \| Interest rate swaps \| Designated as Hedging Instrument \| Level 2
Derivative [Line Items]
Notional amount	1,954.5	1,959.7
Fair value of derivative assets	148.5	127.2
Fair value of derivative liabilities	0	0
Net Investment Hedging \| Cross-currency swaps \| Designated as Hedging Instrument \| Level 2
Derivative [Line Items]
Notional amount	701.1	718.8
Fair value of derivative assets	0	0
Fair value of derivative liabilities	$ 8.2	$ 17.8

Derivatives and Hedging - Sum_2

Derivatives and Hedging - Summary of the Gains (Losses) Recognized within Earnings Related to Derivative Instruments (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Derivative [Line Items]
Revenue	$ 1,108.5	$ 1,036
Interest Expense	41.3	45.8
Other Income (Expense), Net	9.6	22.6
Reclassification out of Accumulated Other Comprehensive Income \| Total hedges
Derivative [Line Items]
Revenue	1.6	4.8
Interest Expense	23.5	19.7
Other Income (Expense), Net	12.4	(7.1)
Designated as Hedging Instrument
Derivative [Line Items]
Total hedges	41.5	(45.9)
Foreign exchange forward contracts(1) \| Cash Flow Hedging \| Reclassification out of Accumulated Other Comprehensive Income \| Cash flow hedges
Derivative [Line Items]
Revenue	1.6	4.8
Interest Expense	0	0
Other Income (Expense), Net	0	0
Foreign exchange forward contracts(1) \| Cash Flow Hedging \| Designated as Hedging Instrument
Derivative [Line Items]
Unrealized Gains (Losses) Recognized in Other Comprehensive Income	9.3	(6.9)
Cross-currency swaps \| Reclassification out of Accumulated Other Comprehensive Income \| Cash flow hedges \| Euro-Denominated Intercompany Loan
Derivative [Line Items]
Other Income (Expense), Net	(12.4)	7
Cross-currency swaps \| Cash Flow Hedging \| Reclassification out of Accumulated Other Comprehensive Income \| Cash flow hedges
Derivative [Line Items]
Revenue	0	0
Interest Expense	2.4	2.4
Other Income (Expense), Net	12.4	(7.1)
Cross-currency swaps \| Cash Flow Hedging \| Designated as Hedging Instrument
Derivative [Line Items]
Unrealized Gains (Losses) Recognized in Other Comprehensive Income	(2.1)	2
Cross-currency swaps \| Net Investment Hedging \| Reclassification out of Accumulated Other Comprehensive Income \| Net investment hedges
Derivative [Line Items]
Revenue	0	0
Interest Expense	3.1	3.2
Other Income (Expense), Net	0	0
Cross-currency swaps \| Net Investment Hedging \| Designated as Hedging Instrument
Derivative [Line Items]
Unrealized Gains (Losses) Recognized in Other Comprehensive Income	13.2	(6.4)
Interest rate swaps \| Cash Flow Hedging \| Reclassification out of Accumulated Other Comprehensive Income \| Cash flow hedges
Derivative [Line Items]
Revenue	0	0
Interest Expense	18	14.1
Other Income (Expense), Net	0	0
Interest rate swaps \| Cash Flow Hedging \| Designated as Hedging Instrument
Derivative [Line Items]
Unrealized Gains (Losses) Recognized in Other Comprehensive Income	$ 21.1	$ (34.6)

Derivatives and Hedging - Narra

Derivatives and Hedging - Narrative (Details) € in Millions, $ in Millions	1 Months Ended
	Aug. 31, 2020 USD ($)	Apr. 30, 2017 USD ($)	Mar. 31, 2024 USD ($)	Apr. 30, 2017 EUR (€)
Derivative [Line Items]
Net deferred losses from cash flow hedges			$ 97.2
Euro-Denominated Intercompany Loan
Derivative [Line Items]
Base rate		3%		3%
Cash Flow Hedging \| Designated as Hedging Instrument \| Foreign exchange forward contracts(1)
Derivative [Line Items]
Derivative remaining maturity			24 months
Cash Flow Hedging \| Designated as Hedging Instrument \| Cross-currency swaps
Derivative [Line Items]
Derivative contract term		5 years
Notional amount		$ 1,262.5		€ 1,184.2
Fixed rate		4.81%		4.81%
Cash Flow Hedging \| Designated as Hedging Instrument \| Interest Rate Swap Agreement - April 2017
Derivative [Line Items]
Derivative contract term		5 years
Notional amount		$ 1,262.5
Fixed rate		5.44%		5.44%
Cash Flow Hedging \| Designated as Hedging Instrument \| Interest Rate Swap Agreement - August 2020
Derivative [Line Items]
Derivative contract term	7 years
Notional amount	$ 750
Fixed rate	0.705%	4.81%		4.81%

Leases - Narrative (Details)

Leases - Narrative (Details) - USD ($) $ in Millions		3 Months Ended
Leases - Narrative (Details) - USD ($) $ in Millions		Mar. 31, 2024	Mar. 31, 2023
Lessee, Lease, Description [Line Items]
Operating lease, remaining weighted average lease term		6 years 6 months
Operating lease, weighted average discount rate		5.50%
Restructuring and other	[1]	$ 22.4	$ 52.3
Commitments for operating leases that have not yet commenced		$ 14.9
Term of leases not yet commenced		6 years 8 months 12 days
Abandonment Of Operating Leases
Lessee, Lease, Description [Line Items]
Restructuring and other		$ 5.8

[1] Costs and operating expenses include equity-based compensation expense as follows: Cost of revenue $ — $ 0.4 Technology and development 37.5 39.0 Marketing and advertising 7.3 6.6 Customer care 5.8 5.4 General and administrative 20.4 20.2 Restructuring and other 0.8 2.3 Total equity-based compensation expense $ 71.8 $ 73.9

Leases - Components of Lease Ex

Leases - Components of Lease Expenses (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Leases [Abstract]
Operating lease costs	$ 7.5	$ 9.8
Variable lease costs	3.7	3.8
Sublease income	(2.9)	(2.3)
Total net lease cost	$ 8.3	$ 11.3

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Indirect Taxation
Loss Contingencies [Line Items]
Accrual for estimated indirect tax liabilities	$ 25.5	$ 23.6

Restructuring and Other Charg_3

Restructuring and Other Charges - Narrative (Details) $ in Millions		3 Months Ended
		Mar. 31, 2024 USD ($) employee	Mar. 31, 2023 USD ($)
Restructuring Cost and Reserve [Line Items]
Restructuring and other		$ 26	$ 39.6
Restructuring and other	[1]	22.4	52.3
Abandonment Of Operating Leases
Restructuring Cost and Reserve [Line Items]
Restructuring and other		5.8
Additional Restructuring Plan \| Disposal Group, Held-for-sale
Restructuring Cost and Reserve [Line Items]
Restructuring and other		$ 11.1
Additional Restructuring Plan \| Workforce Reduction \| Disposal Group, Held-for-sale
Restructuring Cost and Reserve [Line Items]
Reduction in current workforce \| employee		180
Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Cash payments related to restructuring		$ 8	6.4
Restructuring Plan \| Disposal Group, Held-for-sale
Restructuring Cost and Reserve [Line Items]
Cash payments related to restructuring		1.3
Restructuring Plan \| Disposal Group, Held-for-sale \| Applications and commerce
Restructuring Cost and Reserve [Line Items]
Restructuring and other		4.5
Restructuring Plan \| Disposal Group, Held-for-sale \| Core platform
Restructuring Cost and Reserve [Line Items]
Restructuring and other		6.1
Restructuring Plan \| Corporate Overhead \| Disposal Group, Held-for-sale
Restructuring Cost and Reserve [Line Items]
Restructuring and other		$ 0.5
Restructuring Plan \| Disposition Of Assets \| Disposal Group, Held-for-sale
Restructuring Cost and Reserve [Line Items]
Restructuring and other			$ 21

[1] Costs and operating expenses include equity-based compensation expense as follows: Cost of revenue $ — $ 0.4 Technology and development 37.5 39.0 Marketing and advertising 7.3 6.6 Customer care 5.8 5.4 General and administrative 20.4 20.2 Restructuring and other 0.8 2.3 Total equity-based compensation expense $ 71.8 $ 73.9

Restructuring and Other Charg_4

Restructuring and Other Charges - Summary of the Activity in the Restructuring Related Accruals (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Restructuring Reserve [Roll Forward]
Restructuring, Incurred Cost, Statement of Income or Comprehensive Income [Extensible Enumeration]	Restructuring and other
Additional paid-in capital	$ 2,345.9		$ 2,271.6
Restructuring Plan
Restructuring Reserve [Roll Forward]
Accrued restructuring costs as of December 31, 2023	7.4	$ 0
Restructuring costs incurred during the nine months ended September 30, 2023	10.6	27.1
Amount paid during the three months ended March 31, 2024	(8)	(6.4)
Accrued restructuring costs as of March 31, 2024	$ 10	$ 20.7

Income Taxes (Details)

Income Taxes (Details) $ in Millions	3 Months Ended
Income Taxes (Details) $ in Millions	Mar. 31, 2024 USD ($)
Income Tax Disclosure [Abstract]
Non-cash income tax benefit	$ 267.4
Net income tax benefit	13
Unrecognized tax benefits	171.3
Unrecognized tax benefits that if fully recognized would decrease the effective tax rate	$ 48.6

Income Taxes - Net Deferred Tax

Income Taxes - Net Deferred Tax Assets (Liabilities) (Details) - USD ($) $ in Millions	Jan. 01, 2024	Dec. 31, 2023
Deferred tax assets (DTAs) related to:
Deferred revenue	$ 636.3	$ 0
Goodwill	385.2	0
Net operating losses (NOLs)	198.9	473.1
Intangible assets	168	(40)
Tax credits	167.6	167.6
Deferred interest	44	44
Operating lease liabilities	31.8	15.3
Accrued expenses	24.2	0
Investment in Desert Newco	0	697.2
Other	27.2	9.3
Valuation allowance	(167)	(377.5)
Total DTAs	1,516.2	989
Deferred tax liabilities (DTLs) related to:
Deferred cost of revenue	(149.2)	0
Unrealized gains	(71.9)	0
Operating lease assets	(18.1)	(6.4)
Original issue discount and debt issuance costs	(14)	0
Total DTLs	(253.2)	(6.4)
Net DTAs	$ 1,263	$ 982.6

Income Per Share - Reconciliati

Income Per Share - Reconciliation of the Numerator and Denominator Used in the Calculation of Basic and Diluted Net Income Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Numerator:
Net income	$ 401.5	$ 47.4
Less: net income attributable to non-controlling interests	0	0.1
Net income attributable to GoDaddy Inc.	$ 401.5	$ 47.3
Class A Common Stock
Denominator:
Weighted-average shares of Class A common stock outstanding—basic (in shares)	142,528	154,124
Weighted-average shares of Class A Common stock outstanding—diluted (in shares)	145,676	156,644
Net income attributable to GoDaddy Inc. per share of Class A common stock—basic (in USD per share)	$ 2.82	$ 0.31
Net income attributable to GoDaddy Inc. per share of Class A common stock—diluted (in USD per share)	$ 2.76	$ 0.30
Class B Common Stock
Denominator:
Effect of dilutive securities (in shares)	0	309
Stock options
Denominator:
Effect of dilutive securities (in shares)	443	535
RSUs, PSUs and ESPP shares
Denominator:
Effect of dilutive securities (in shares)	2,705	1,676

Income Per Share - Summary of W

Income Per Share - Summary of Weighted Average Potentially Dilutive Shares (Details) - shares shares in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities (in shares)	939	574
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities (in shares)	0	20
RSUs, PSUs and ESPP shares
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities (in shares)	939	554

Segment Information (Details)

Segment Information (Details) $ in Millions	3 Months Ended
Segment Information (Details) $ in Millions	Mar. 31, 2024 USD ($) segment	Mar. 31, 2023 USD ($)
Segment Reporting [Abstract]
Number of reportable segments \| segment	2
Number of operating segments \| segment	2
Segment Reporting Information [Line Items]
Revenue	$ 1,108.5	$ 1,036
Unallocated corporate overhead	(65.6)	(71.7)
Depreciation and amortization	(37.2)	(48.5)
Equity-based compensation expense	(71)	(71.6)
Interest expense	(34.7)	(38)
Acquisition-related expenses	(0.9)	(4.4)
Restructuring and other	(26)	(39.6)
Income before income taxes	143.2	47.6
Benefit (provision) for income taxes	258.3	(0.2)
Net income	401.5	47.4
Restructuring Plan \| Equity Based Compensation Expense
Segment Reporting Information [Line Items]
Restructuring and other	(0.8)	(2.3)
Operating Segments
Segment Reporting Information [Line Items]
Revenue	1,108.5	1,036
Total Segment EBITDA	378.6	321.4
Applications and commerce
Segment Reporting Information [Line Items]
Revenue	383.1	338
Applications and commerce \| Operating Segments
Segment Reporting Information [Line Items]
Revenue	383.1	338
Total Segment EBITDA	161.9	132.4
Core platform
Segment Reporting Information [Line Items]
Revenue	725.4	698
Core platform \| Operating Segments
Segment Reporting Information [Line Items]
Revenue	725.4	698
Total Segment EBITDA	$ 216.7	$ 189

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) - AOCI Activity in Equity (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	$ 62.2	$ (329.3)
Other comprehensive income (loss) before reclassifications	(13.9)	(54.8)
Amounts reclassified from AOCI	37.5	17.4
Other comprehensive income	23.6	(37.4)
Ending balance	414.8	(355.5)
AOCI Including Portion Attributable to Noncontrolling Interest
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	111.4	178.4
Ending balance	135	141
AOCI Attributable to Parent
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	111.2	178
Ending balance	135	140.7
Net investment hedges
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(83.6)	(75)
Other comprehensive income (loss) before reclassifications	3.8	2.1
Amounts reclassified from AOCI	0	0
Other comprehensive income	3.8	2.1
Ending balance	(79.8)	(72.9)
Net Unrealized Gains (Losses) on Cash Flow Hedges
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	195	253.4
Other comprehensive income (loss) before reclassifications	(17.7)	(56.9)
Amounts reclassified from AOCI	37.5	17.4
Other comprehensive income	19.8	(39.5)
Ending balance	$ 214.8	213.9
AOCI Attributable to Noncontrolling Interest
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Ending balance		$ (0.3)