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Domain registrar GoDaddy narrows annual revenue forecast
['July', 'Min Read']
Yahoo Finance - Business finance, stock market, quotes, news
July 30 (Reuters) - GoDaddy narrowed its annual revenue forecast and largely met second-quarter estimates on Thursday, amid slower adoption of AI tools and weaker customer acquisition.
Here are some details:• GoDaddy has heavily invested in AI tools to help small and medium-sized businesses build and automate their websites.
• The Tempe, Arizona-based company expects full-year revenue to be between $5.215 billion and $5.255 billion, compared with $5.195 billion to $5.275 billion forecast earlier.
• Second-quarter revenue came in at $1.298 billion, while analysts estimated $1.295 billion, according to data compiled by LSEG.
• Third-quarter revenue is expected in the range of $1.32 billion to $1.34 billion, in line with the estimate.