Class Action Filed Against GoDaddy Over Booking Growth Claims
News related to:GoDaddy Inc · 1 min read
Kaplan Fox & Kilsheimer LLP has announced the filing of a class action lawsuit against GoDaddy Inc. (GDDY), a leading provider of domain names, web hosting, and other online services. The lawsuit, which was filed on behalf of investors who purchased GoDaddy common stock between September 3, 2025, and February 24, 2026, alleges that the company made misleading statements about its business strategy and the effectiveness of its customer acquisition efforts.
According to the complaint, GoDaddy represented to investors that its strategy was focused on quality over quantity, with an emphasis on increasing the average order size. However, the lawsuit claims that the company had secretly implemented a promotion offering short-term contracts with lower valuations, which led to a significant decrease in total bookings and deceleration of bookings growth for the fourth quarter and full year 2025.
On February 24, 2026, GoDaddy revealed the truth about its promotional discount in a press release, which reported its fourth quarter and full year 2025 financial results. The press release indicated that total bookings growth had slowed to 5%, leading to a decline in the company's stock price from $92.30 per share on February 24, 2026, to $79.12 per share on February 25, 2026, a drop of $13.18 per share, or more than 14%.
Kaplan Fox & Kilsheimer LLP, a nationally recognized law firm with over 50 years of experience in complex litigation, is leading the case. The firm has a track record of securing significant recoveries for its clients, including a $2.425 billion recovery for Bank of America shareholders and an $800 million recovery for the Arkansas Teacher Retirement System and other pension funds.
The deadline for investors to join the lawsuit as a lead plaintiff is October 20, 2026. Investors who believe they have suffered losses due to GoDaddy's alleged misrepresentations are encouraged to contact Kaplan Fox & Kilsheimer LLP to learn more about their rights and the lead plaintiff process.