Duolingo Sinks as User Growth Barely Beats High Expectations [BNN Bloomberg (Canada)]
Duolingo, Inc. - Class A (DUOL)
Company Research
Source: BNN Bloomberg
The company said daily active users (DAU) rose 55% to 31.4 million, more than double what it was 18 months ago, but only narrowly above the average analysts' projection of 31.1 million. “We had like 10 quarters of accelerating DAU growth and we kept saying almost every quarter: like, this can't happen forever,” said Chief Executive Officer Luis von Ahn on a call following the Wednesday earnings release. Shares fell as much as 16% in postmarket trading after closing at a record high on Tuesday. The stock rallied in recent weeks after Duolingo was added to the S&P MidCap 400 Index. Investors honed in on the slowdown in user growth even though the company's first-quarter earnings of 57 cents per share was double the consensus estimate. Citing the broader rollout of its higher-priced subscription tier and its improved family plan, Duolingo raised its revenue outlook for the year to as much as $735.5 million, up from the previous forecast of as much as $729.5 million. Duolingo's
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News
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- Here's Why You Should Invest in Duolingo (DUOL) Stock Now [Yahoo! Finance]Yahoo! Finance
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DUOL
Earnings
- 5/8/24 - Beat
DUOL
Sec Filings
- 5/21/24 - Form 4
- 5/20/24 - Form 4
- 5/17/24 - Form 144
- DUOL's page on the SEC website