BUZZ-GoDaddy up after raising 2024 revenue forecast

Reuters05-03

** Internet services provider GoDaddy's shares up 2% at $126.50 in extended trading

** Co marginally raises midpoint of 2024 revenue expectations to $4.53 bln vs previous outlook midpoint of $4.52 bln

** Forecasts Q2 rev with a midpoint of $1.11 bln, in line with ests - LSEG

** Co says layoffs impacted 180 employees in Q1

** GDDY reports Q1 rev of $1.11 bln vs ests of $1.01 bln

** Stock up ~17% YTD

(Reporting by Arsheeya Bajwa in Bengaluru)

((arsheeyasingh.bajwa@thomsonreuters.com;))

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