Domain registrar GoDaddy narrows annual revenue forecast

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.

• GoDaddy faces strong competition ​from companies such as Wix, which has aggressively expanded its own AI-powered ​website-building tools.

• 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.

• GoDaddy's "Airo.ai" platform, which helps ​users create logos, websites and branded marketing assets using customer's existing database, has expanded rapidly after ‌being launched last year.

• "GoDaddy is advancing a company-wide AI transformation with ‌Airo at the center, creating an ⁠agentic operating system that ‌helps our ​customers accomplish more," CEO Aman Bhutani said.

(Reporting by Arunesh Sinha; Editing by Shilpi ‌Majumdar)

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