April 30 (Reuters) – GoDaddy on Thursday forecast quarterly revenue above estimates, betting on its artificial intelligence tools to attract more small businesses to its platform.
Shares of the Tempe, Arizona-based company were up over 4% after the bell.
The web hosting company has been rolling out a suite of AI features designed to help small and medium-sized businesses build and manage their digital presence more efficiently.
• GoDaddy’s Airo.ai platform, which launched in beta last year with five AI agents, has rapidly expanded to over two dozen, handling tasks from logo creation to marketing campaigns.
• “As we continue to deliver one-stop-shop solutions for our microbusiness customers, we are leading with disciplined execution and driving compounding free cash flow,” CFO Mark McCaffrey said.
• The company expects second-quarter revenue between $1.29 billion and $1.31 billion, compared with analysts’ average estimate of $1.29 billion, according to data compiled by LSEG.
• GoDaddy reported first-quarter revenue of $1.27 billion, beating estimates of $1.26 billion. Profit fell 2% to $214.6 million.
(Reporting by Anhata Rooprai in Bengaluru; Editing by Tasim Zahid)
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