Portnoy Law Firm Announces Class Action on Behalf of GoDaddy, Inc. Investors

LOS ANGELES, Sept. 01, 2026 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises GoDaddy, Inc., (“GoDaddy” or the "Company") (NYSE: GDDY) investors of a class action on behalf of investors that bought securities between September 3, 2025 - February 24, 2026, inclusive (the “Class Period”). GoDaddy investors have until October 20, 2026 to file a lead plaintiff motion.

Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: lesley@portnoylaw.com, to discuss their legal rights, or join the case via https://portnoylaw.com/godaddy-inc. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.

The GoDaddy class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) while discussing the material issue of their go-to-market strategy around high-intent customers, defendants failed to disclose that they had also implemented a promotional discount for dotcom domains that were likely to and did result in shorter term contracts with smaller valuations that were likely to result in a deceleration in total bookings for the fourth quarter and full year 2025; (ii) despite stating that GoDaddy “turned off” discounting at the front of GoDaddy’s customer funnel, defendants failed to disclose that GoDaddy instituted promotional discounts during the Class Period; and (iii) despite telling investors that its strategy “isn’t to grow customers just for the sake of growing customers” and that “[w]e’ve seen the average order size go up,” GoDaddy had implemented a promotion that directly contradicted those representations by focusing on short term contracts with smaller valuations, which in turn led to a decrease in total bookings and deceleration of bookings growth for both the fourth quarter and full year 2025.

On February 24, 2026, GoDaddy issued a press release reporting its fourth quarter and full year 2025 financial results, allegedly disclosing that total bookings growth had sharply decelerated to 5% in the fourth quarter of 2025.  That same day, GoDaddy hosted a conference call with analysts and investors, where Aman Bhutani, GoDaddy’s Chief Executive Officer, allegedly revealed that “this quarter, we expanded our go-to-market approach with a streamlined purchase experience for new domain customers. . . .  We activated our marketing channels on the streamlined experience and introduced a promotional price for dotcom domains with a one-year term.  The approach successfully increased new customer volume that purchased domain units with one-year terms, but the demand for this offer was greater than we expected and the shift in term mix combined with the promotional price reduced upfront bookings and near-term revenue.”  Mark McCaffrey, GoDaddy’s Chief Financial Officer, allegedly responded to a question from an analyst about the decision to change GoDaddy’s go-to-market strategy by stating “[t]his is impacting our bookings, but has relatively little impact on revenue itself because the timing of the revenue recognition stays consistent.  So that’s one aspect of it.  The other is, there is a reduction in our average order size of initiation related to the discount that gets allocated amongst all the products that does have a little bit of impact on revenue in and of itself. . . .  We think the major impact is going to be at the end of this year and going into Q1.”  On this news, the price of GoDaddy stock fell more than 14%, according to the complaint.

The Portnoy Law Firm represents investors in pursuing claims caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.

Lesley F. Portnoy, Esq.
Admitted CA, NY and TX Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com

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