GoDaddy forecasts quarterly revenue above estimates on AI push

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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