GoDaddy Stock Pops on Revenue Guidance Boost

GoDaddy (GDDY) shares surged Friday, a time aft nan institution raised its 2024 gross guidance aft nan bell.

The net domain institution now expects full-year gross of betwixt $4.525 cardinal and $4.565 billion, up from its anterior scope of $4.50 cardinal to $4.56 cardinal and representing year-over-year maturation of astir 7% astatine nan midpoint.

In nan 2nd quarter, GoDaddy posted earnings per stock (EPS) of $1.01 connected gross of $1.12 billion, astir successful statement pinch statement expectations of analysts polled by Visible Alpha. Total bookings were $1.26 billion, up 11% year-over-year.

'Growing Discovery and Engagement' of AI-Powered GoDaddy Airo

"We are making advancement connected our cardinal initiatives, including increasing find and engagement of our AI-powered experience, GoDaddy Airo," Chief Executive Officer (CEO) Aman Bhutani said. 

Shares of GoDaddy climbed much than 6% to $150.54 arsenic of 2 p.m. ET Friday. They person gained astir 42% this year.