Ken Wong

Constant currency billings growth was raised a bit at the low end

how much of these actions were originally in the blueprint

How should we think about the reallocation of those resources

Are you guys seeing any early impact on the top line in terms of kind of customer spending behavior or any customer project activity

any early behavioral changes that you guys are noticing from the channel

I would love to get a sense for what you feel the appetite for some of these technologies are

is that a fair way to think about the downside protection to the newly revised low end?

Is there another goalpost that we should think we should be thinking about that sees another big swatch of expense coming out

Any update on how kind of those three areas are tracking

should we think about the other side of this when macro is fine, when you guys have delivered on the go-to-market changes

is there the potential to potentially utilize GoDaddy's hosting capacity for additional workload, AI workloads, given the market scarcity there.

what's the right way to think about kind of what this business or this product could potentially grow to?

was it necessitated by any changes you saw in your pre-existing pipeline, whether it was just pipeline build, conversion?

how should we think about maybe the primary market, the A&C piece contributing to that raise? Or was this largely just a byproduct of that step-up in aftermarket?

Help us understand what the rationale might be for why GoDaddy can serve a similar purpose in the Agentic Internet?

do you feel the value or having the starting point at the domain, does that strategic value increase going forward?

Are you seeing any change in share shift in terms of potentially AI, by coding tools maybe taking some share on kind of your web presence products?

As you think back to kind of past downturns, and I know you've talked about potentially being kind of counter macro or counter recession

Any color in terms of what you might be seeing on that GPV front in April in a in a post-tariff world?

you guys have been talking up investments in terms of customer acquisition for 25. Like, how should we think about the contribution to growth from that aspect of your focus?

I think we were, you know, generally expecting, you know, some convergence. We between revenue and bookings, and we are seeing a little bit of that. Just wondering if there's any kinda one-off head...

Should we think of that as the right framing as we go forward that we'll be kind of at least back to where we were on a net new ARR basis

is it is it basically gonna be even more back-end loaded than you guys were perhaps three months ago

Perhaps you can give us some context behind the decision to move on from ThingWorx and Kepware. And then what should we, as investors, deem to still be strategic in the portfolio

I know it's not typical for you guys to comment on M&A headlines. But obviously, there was something about competitor acquiring you guys

As you think about that 7% range and that requiring significant erosion in macro, any way to frame some of the moving pieces financially in terms of churn

should be looking at kind of slightly sub-seasonal net new ARR until you hit that fourth quarter

when would you assume that you hit sort of peak disruption

just wanted to kind of make sure and clarify any geopolitical macro dynamics that you guys baked into that assumption

any additional context you provide in terms of what the new business activity pipeline conversion looks like versus maybe the renewal business

what was coming from, let's say, the portfolio, let's say, prior to, let's say, like a Procare, Transact versus the stuff that is now kind of flowing in as incremental organic

yet only 6% in the quarter, low single in Q4. Was that isolated to any particular piece? Or was it a little more broad-based?

have you guys thought through what tailwinds, headwinds might potentially impact some of the other sectors that you guys cater to?

just a quick follow-up on the record Aderant quarter. Any unique legal tailwinds that are driving that? Or is this more specific to idiosyncratic dynamics

what are the counterplay countermeasures that you guys are thinking about? Would it be more margin defensive?

As you look across your portfolio and you think through customer sales conversations, any other areas where you're seeing some modest shift to the right?

I just wanted to ask about that 6% to 7% organic growth outlook. How clean is that number?

As far as unclogging the M&A logjam in '25, as you look at the pipeline of potential deals, any preference for growth bolt-ons

Do you see this as a new GMV opportunity or just a shift from existing buying channels over to agentic shopping?

Any way to help us dissect some of the drivers of that increased raise

any sense whether or not '26 might have a larger backlog component that gives you guys the confidence?

Any thoughts on as more responsibility is pushed down the state, specifically around things like Medicaid, they're already stretched thin.

you guys called out, you know, kinda consultant deals maybe seeing a little bit of a push out or any reason to think that that could materialize into something more concerning?

should we assume that some of the strength this year is gonna be a drag into future out years, or just trying to get a sense for kind of how we should kind of when we should start to kind of ramp u...

is it at least loosely fair to assume typical seasonality that we've seen these last few years

It looks like there was some outperformance there. Can you talk about what segment saw that outperformance

How should we think about when you might see some gross margin tailwind as you start to work off of the Salesforce royalties

Was that consistent with Q2? Just starting to normalize, level off

Can you help us walk through what led to that resolution? And what potential opportunities it could potentially unlock

Where are you seeing this outsized growth

Could you provide us just a little more color in terms of your thinking about the approach there, the potential differentiation

what kind of early interest are you getting there? And then two, when we think about the potential monetization