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GoDaddy narrows annual revenue forecast

Created at 30 Jul · 10:31 PM1 source↑ Market-relevant
IN SHORT

GoDaddy narrowed its annual revenue forecast on Thursday, largely meeting second-quarter estimates amid slower adoption of AI tools and weaker customer acquisition. The company now expects full-year revenue between $5.215 billion and $5.255 billion.

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Key Numbers

$5.215 billion - $5.255 billionGoDaddy's narrowed annual revenue forecast
$1.298 billionGoDaddy's second-quarter revenue
$1.295 billionAnalyst estimate for second-quarter revenue
$1.32 billion - $1.34 billionGoDaddy's third-quarter revenue projection

Who's Involved

GoDaddy
Domain registrar narrowing annual revenue forecast
Aman Bhutani
CEO of GoDaddy
GoDaddy narrows annual revenue forecast

↳ Why This Matters

The company's updated revenue forecast and performance provide insight into the current demand for digital business tools and the effectiveness of AI integration in the competitive website-building market.

Key facts

  • GoDaddy narrowed its annual revenue forecast to between $5.215 billion and $5.255 billion.
  • The company's second-quarter revenue was $1.298 billion, slightly above the estimated $1.295 billion.
  • Third-quarter revenue is projected to be between $1.32 billion and $1.34 billion.
  • GoDaddy has invested heavily in AI tools like its "Airo.ai" platform.

GoDaddy narrowed its annual revenue forecast on Thursday, citing slower adoption of AI tools and weaker customer acquisition, while largely meeting second-quarter estimates. The domain registrar now anticipates full-year revenue to fall between $5.215 billion and $5.255 billion, a tighter range than its previous projection of $5.195 billion to $5.275 billion.

In the second quarter, GoDaddy reported revenue of $1.298 billion, slightly exceeding the $1.295 billion estimated by analysts. The company expects third-quarter revenue to be in the range of $1.32 billion to $1.34 billion, in line with expectations.

GoDaddy has made significant investments in artificial intelligence, particularly with its "Airo.ai" platform, designed to help small and medium-sized businesses automate website creation and other marketing assets. CEO Aman Bhutani stated that the company is undergoing a company-wide AI transformation with Airo at its core.

The company faces competition from rivals like Wix, which has also expanded its AI-powered website-building tools.

Frequently asked questions

GoDaddy now expects its full-year revenue to be between $5.215 billion and $5.255 billion.

The company reported second-quarter revenue of $1.298 billion, largely meeting analyst expectations.

GoDaddy's AI platform is named "Airo.ai".

What Happens Next

01GoDaddy will report third-quarter earnings.

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Cadence

How It Developed

GoDaddy narrowed its annual revenue forecast.
The company largely met second-quarter estimates.
GoDaddy expects full-year revenue between $5.215 billion and $5.255 billion.
Second-quarter revenue was $1.298 billion.
Third-quarter revenue is expected between $1.32 billion and $1.34 billion.

Sources

T1
Domain registrar GoDaddy narrows annual revenue forecastReuters

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