GoDaddy forecasts annual revenue below estimatesFeb 24 (Reuters) - GoDaddy GDDY.N on Tuesday forecast annual revenue below Wall Street estimates, signaling that it anticipates slow adoption of its artificial‑intelligence tools and weaker customer acquisition across its core hosting business.
The company forecast annual revenue between $5.20 billion to $5.28 billion, below analysts' average estimate of $5.29 billion, according to data compiled by LSEG.
(Reporting by Anhata Rooprai in Bengaluru; Editing by Jonathan Ananda)
((Anhata.Rooprai@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments