GoDaddy Inc. (NYSE:GDDY) Q3 2019 Earnings Conference Call - Final Transcript

Nov 06, 2019 • 05:00 pm ET


GoDaddy Inc. (NYSE:GDDY) Q3 2019 Earnings Conference Call - Final Transcript


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Ladies and gentlemen, thank you for standing by. And welcome to the GoDaddy Q3 Earnings Conference Call. At this time, all participants are in a listen-only mode.

After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions]

I would now like to hand the conference over to your speaker today, Sam Kemp, Vice President of Investor Relations and Strategy. Thank you. Please go ahead.

Samuel James Kemp

Good afternoon. And thank you for joining us for GoDaddy's third quarter 2019 earnings conference call. With me today are, Aman Bhutani, Chief Executive Officer; and Ray Winborne, Chief Financial Officer. Aman and Ray will share some prepared remarks and then we will open up the call for your questions.

On today's call, we'll be referencing both GAAP and non-GAAP financial results and operating metrics, such as total bookings, unlevered free cash flow, net debt and ARPU. A discussion of why we use non-GAAP financial measures and reconciliations of our non-GAAP financial measures to their GAAP equivalents may be found in the presentation posted to our Investor Relations website at or on our Form 8-K filed with the SEC with today's earnings release. Unless otherwise stated, when we refer to organic measures, we're referring to those measures excluding the impact of Main Street Hub.

The matters we'll be discussing today include forward-looking statements, which include those related to future financial results, product introductions and innovations as well as our share repurchase authorizations. Any forward-looking statements that we make on this call are subject to risks and uncertainties that are discussed in detail in our third quarter 10-Q are based on assumptions as of today, November 6, 2019, and may differ materially from actual results. We undertake no obligations to update these statements as a result of new information or future events.

With that, here's Aman.

Amanpal S. Bhutani

Thanks, Sam. And welcome everybody to our third quarter earnings call. It's great to speak with you all. My first two months at GoDaddy have been an excellent experience. That's affirmed what I believed about the company and everything we have ahead of us.

Today, I want to share with you what I see in GoDaddy, the points of differentiation that allow us to capitalize on our opportunity, and lastly the principles behind how we will achieve our goals, which nicely align our customer and shareholder priorities. Even as an outsider, I was drawn to GoDaddy, a customer-centric company whose massive global brand and noble purpose delivered terrific economics. And after just two weeks on the job, as I stood in front of our customers at our very first customer event, launching websites plus marketing our new product that relationship we have with our customers was palpable. I took the opportunity to spend some time with them.

One of them was Sharelle. She has an influencer business and was so eager to support our event that she brought along her mother and her two year old child. Three generations, I found that to be powerful and representative of our