GoDaddy tumbles on weak results, outlook; Wall Street sees pressure accelerating (GDDY:NYSE)

GoDaddy (GDDY) shares tumbled 12% in premarket trading on Friday after the website development company reported quarterly results and guidance.

Wall Street believes the pressure on the company is “accelerating,” due to artificial intelligence.

“A&C bookings decel’d to +7% y/y vs. 1Q +9% as consumer