April 30 (Reuters) - GoDaddy ( GDDY ) 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 ( GDDY ) 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 ( GDDY ) reported first-quarter revenue of $1.27 billion, beating estimates of $1.26
billion. Profit fell 2% to $214.6 million.