GoDaddy (GDDY) Provides Preliminary Q4 Results In-Line with Views

GoDaddy Inc. (NYSE: GDDY) announced preliminary fourth quarter and full year 2016 financial results. Specifically, revenue for the fourth quarter of 2016 is expected to be approximately $486 million, and revenue for the full year 2016 is expected to be approximately $1,848 million (*** consensus is $485.43 and $1.85B) . Net cash provided by operating activities for the full year 2016 is expected to be approximately $387 million, and unlevered free cash flow for the full year 2016 is expected to be approximately $357 million. At December 31, 2016, total cash and cash equivalents and short-term investments were approximately $573 million, and total long-term debt outstanding, including current portion, was approximately $1,040 million.

As previously announced, the company expects to report complete fourth quarter and full year 2016 financial results and discuss the company's outlook for 2017 after the market close on February 15, 2017.

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