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  "documentTitle": "Multiple (GoDaddy, News Corp, Fortrea) (GDDY, NWSA, FTRE)",
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  "presentationDate": "2023-10-13 00:00:00",
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  "notes": "The slide uses a stacked bar chart to visualize the components of the 'Rule of 40' metric (Revenue Growth + EBITDA Margin).",
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      "text": "Q4'23E Target: 35%\nGoDaddy expects to generate 7% revenue growth and 28% Adj. EBITDA margins in Q4'23E as growth headwinds abate and operating leverage improves margins",
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      "text": "Achieving a growth + profitability rate of 35% would be a step in the right direction, but we believe significantly more opportunity exists.",
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      "text": "GoDaddy's Growth + Profitability Over Time",
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      "text": "Source: Company filings, Capital IQ, Starboard estimates. Note: Growth + profitability is calculated as revenue growth + Adj. EBITDA margin.",
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