On July 31, GoDaddy fell 9.5% in pre-market trading, trading at $88.5/share, with turnover of 58,900 USD.
On the news front, the company reported Q2 adjusted EPS of $1.83, beating the consensus estimate of $1.70 by 7.65% and representing a 29.79% year-over-year increase. Revenue came in at $1.298 billion, slightly above the $1.295 billion estimate. Despite the double beat, the company narrowed its full-year revenue guidance to $52.15 billion to $52.55 billion, down from the prior range of $51.95 billion to $52.75 billion, with the upper bound explicitly lowered. Management flagged Q3 as the most challenging quarter for year-over-year comparisons due to strong prior-year aftermarket performance, and cited slowing AI tool adoption and weaker customer acquisition momentum. The company reaffirmed its full-year free cash flow target of approximately $1.8 billion. The guidance tightening combined with Q3 headwinds triggered a sell-the-news reaction, with capital exiting positions following the earnings release.
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