GoDaddy (GDDY) stock jumped over 4% in after-hours trading on April 30 after reporting Q1 adjusted EPS of $1.60, beating the $1.52 consensus, while revenue hit $1.27 billion, matching analyst expectations. The company's Airo AI platform, which launched in beta last year, achieved a multi-million dollar annualized bookings run rate within weeks, signaling early traction in its push to dominate AI-driven digital presence for small businesses. GoDaddy's normalized EBITDA grew 13% year-over-year to $413.5 million, and free cash flow rose 15% to $473.6 million. The company repurchased $279.7 million in stock during the quarter and reaffirmed its full-year free cash flow target of approximately $1.8 billion. For Q2, GoDaddy projected revenue of $1.285 billion to $1.305 billion, with the midpoint edging out analyst consensus.
Alphabet (GOOGL) hit an all-time high of $385.84 on Thursday after posting Q1 revenue of $109.9 billion, up 22% year-over-year, and EPS of $5.11, more than double the analyst consensus of $2.64. Google Cloud revenue surged 63% to $20 billion, with its order backlog nearly doubling to over $460 billion, driven by strong AI product demand. CEO Sundar Pichai noted that AI experiences like AI Mode and AI overviews are boosting search engagement, addressing concerns about competition from chatbots. Alphabet raised its 2026 capital expenditure forecast to $180–$190 billion to fund AI infrastructure, citing unprecedented demand for AI compute resources. Wall Street responded with price target upgrades, with Bank of America raising its target to $430. However, regulatory probes in Italy and Switzerland regarding AI search tools and keyword-bidding practices add legal uncertainty.
