GoDaddy falls after co narrows annual revenue forecast range
GDDY•GoDaddy narrows revenue outlook
- Shares of internet services provider GoDaddy GDDY.N were down about 9% at $90.76 in aftermarket trading.
- The company narrowly cut its annual revenue forecast amid slower adoption of AI tools and weaker customer acquisition.
- It now sees annual revenue between $5.22 billion and $5.26 billion, compared with its previous projection of $5.2 billion to $5.28 billion.
- GoDaddy expects Q3 revenue between $1.32 billion and $1.34 billion, in line with analysts' estimate of $1.33 billion - data compiled by LSEG.
- Q2 revenue was $1.3 billion, largely in line with estimates of $1.29 billion.
- As of the last close, the stock was down 9% year to date.
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