On July 31, GoDaddy declined 7.63% overnight, trading at $91.75/share, with turnover of $92.0.

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-$52.55 billion, down from the prior range of $51.95 billion-$52.75 billion, effectively lowering the upper bound. Management explicitly flagged Q3 as the most challenging quarter for year-over-year comparisons due to strong aftermarket performance in the prior-year period, and cited slower AI tool adoption and weakening customer acquisition momentum. The company reaffirmed its full-year free cash flow target of approximately $1.8 billion. The guidance tightening combined with the Q3 warning triggered a classic sell-the-news reaction, with investors locking in profits after the earnings release.

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