:max_bytes(150000):strip_icc()/GettyImages-2138516026-b6bb3b2c5d5b4fc7955b4a5a83793f1c.jpg?w=1024&resize=1024,1024&ssl=1 "GoDaddy Stock Pops on Revenue Guidance Boost")
Key Takeaways
- GoDaddy shares surged Friday, a day after the company raised its 2024 revenue guidance after the bell.
- The internet domain company’s second-quarter results were roughly in line with consensus estimates.
- CEO Aman Bhutani said the company is “growing discovery and engagement” of its AI-powered GoDaddy Airo.
GoDaddy (GDDY) shares surged Friday, a day after the company raised its 2024 revenue guidance after the bell.
The internet domain company now expects full-year revenue of between $4.525 billion and $4.565 billion, up from its prior range of $4.50 billion to $4.56 billion and representing year-over-year growth of about 7% at the midpoint.
In the second quarter, GoDaddy posted earnings per share (EPS) of $1.01 on revenue of $1.12 billion, roughly in line with consensus expectations of analysts polled by Visible Alpha. Total bookings were $1.26 billion, up 11% year-over-year.
‘Growing Discovery and Engagement’ of AI-Powered GoDaddy Airo
“We are making progress on our key initiatives, including growing discovery and engagement of our AI-powered experience, GoDaddy Airo,” Chief Executive Officer (CEO) Aman Bhutani said.
Shares of GoDaddy climbed more than 6% to $150.54 as of 2 p.m. ET Friday. They have gained about 42% this year.
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