Believes that Opportunities Continue to Exist
to Significantly Improve GoDaddy's Combination of Growth and
Profitability
Views the Company's Recent Disclosure of
Improved Profitability Targets as a Step in the Right
Direction
Believes GoDaddy Remains Undervalued with an
Opportunity for Significant Shareholder Value Creation
Intends to Closely Monitor the Company's
Upcoming Q4 FY23 Earnings Call and March
2024 Investor Day to Ensure that Appropriate Operating and
Financial Targets Are Set for the Near, Medium, and
Long-term
Remains Open to Working Constructively with
Management and the Board
NEW YORK,
Jan. 31,
2024 /PRNewswire/ -- Starboard Value LP
(together with its affiliates, "Starboard"), a significant
stockholder of GoDaddy Inc. ("GoDaddy" or the "Company") (NYSE:
GDDY), today announced that it has delivered a letter to Aman
Bhutani, GoDaddy's Chief Executive Officer, and Mark McCaffrey, the Company's Chief Financial
Officer, with a copy to GoDaddy's Board of Directors.
The full text of Starboard's letter to the
Company can be viewed at the following link:
https://www.starboardvalue.com/wp-content/uploads/Starboard_Value_LP_Letter_to_GDDY_01.31.2024.pdf
About Starboard Value LP
Starboard Value LP is a
New York-based investment adviser
with a focused and differentiated fundamental approach to investing
primarily in publicly traded U.S. companies. Starboard invests in
deeply undervalued companies and actively engages with management
teams and boards of directors to identify and execute on
opportunities to unlock value for the benefit of all
shareholders.
Investor contacts:
Peter
Feld, (212) 201-4878
Gavin Molinelli, (212) 201-4828
www.starboardvalue.com
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content:https://www.prnewswire.com/news-releases/starboard-delivers-letter-to-godaddy-302049311.html
SOURCE Starboard Value LP