Domain registrar GoDaddy narrows annual revenue forecast

July 30 : GoDaddy narrowed its annual revenue forecast and largely met second-quarter estimates on Thursday, amid slower adoption of AI tools and weaker customer acquisition.Here are some details:• GoDaddy has heavily invested in AI tools to help small and medium-sized businesses build and automate their websites.• The Tempe, Arizona-based company expects full-year revenue to be between $5.215 billion and $5.255 billion, compared with $5.195 billion to $5.275 billion forecast earlier. • GoDaddy faces strong competition from companies such as Wix, which has aggressively expanded its own AI-powered website-building tools.• Second-quarter revenue came in at $1.298 billion, while analysts estimated $1.295 billion, according to data compiled by LSEG.• Third-quarter revenue is expected in the ra