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  "documentTitle": "GoDaddy Inc. (GDDY)",
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  "presentationDate": "2023-10-17 00:00:00",
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  "notes": "The slide argues for cost rationalization by highlighting the divergence between revenue growth and T&D spend, further contextualized by a note on business segment composition.",
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      "text": "Note: Approximately 2/3 of GoDaddy's revenue is generated from its Domains and Hosting businesses, which should require less Tech & Development spending. This means that the Tech & Development spend on Applications & Commerce revenue is likely far higher than the expense ratio shown above and peer levels.",
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