GoDaddy IncGDDY
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GoDaddy Inc Oppenheimer 29th Annual Technology, Internet & Communications Conference

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PeriodFY 0Duration38 minParticipants3

Transcript

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Ken WongAnalyst

Hey, good afternoon, everyone. Welcome to the Oppenheimer Technology Conference. I'm Ken Wong, software analyst at Oppenheimer. Very pleased to have with us the GoDaddy team, Mark McCaffrey, CFO, and Christie Masoner, our head of IR. Welcome. Thanks, Ken. For everyone in attendance, this is a fireside chat format.

Ken WongAnalyst

I will run through a slew of questions. We will hold some time at the end for some questions. You can shoot those into the Summit Cast portal. I already see some of you guys have queued up, so that's fantastic. I will run through those questions, and then circle back to some of my own if there's additional time. With that, Mark, welcome. I think most of the audience is aware of GoDaddy, but to the extent that we have some newcomers, just maybe a quick background on GoDaddy, what you guys do.

Mark McCaffreyCFO

Yeah. To put it simply, we are where people come to start their ideas, right? We allow people to launch, ideate, and create a presence, most often starting with a domain name, but then it includes things like website, emails, commerce, and basically gives them the ability to, whatever their passion is, whatever their side hustle is, whatever their dream is, get it online, get it up and running, and get them making money. Now, it's not always about making money. Sometimes it's about sharing content. Sometimes there's other avenues that it will take. But we focus on the micro-businesses, and the micro-businesses to us are the small end of small businesses. So it could be a one-person shop. It could be two or three people.

Mark McCaffreyCFO

But at the high end of our, I would say, target audience is somewhere around 7 to 10 employees, and I do say that's the high end. I say that to differentiate us. We have over 20 million customers. 20 million. We've been around for 30 years. We know this customer base very well. This is not the enterprise. This is the one or two seat type environment. This is the underdog who's trying to compete with much bigger players out there and trying to do that not only through offering products and services in their local market, but also trying to extend that out to other markets that are now available and may not have been available in the past. So it has a tendency to be a very passionate customer group, a very, I would say, resilient.

Mark McCaffreyCFO

I like to use the word gritty at times, but Christie always corrects me that I shouldn't call our customers gritty.

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