Duolingo reportedly credits generative artificial intelligence (AI)-powered features for the 54% leap in paid subscribers it recorded in the first quarter.“What we’re seeing is that people are willing to pay even more to learn a language through generative AI,” Matt Skaruppa, chief financial officer at Duolingo, told the Wall Street Journal (WSJ) in an interview posted Friday (May 10).Duolingo, which offers a language-learning app, also reported a 45% increase in revenue during a quarter in which other onli ...

Duolingo stock plunges despite a blowout quarter -- what gives?Shares of Duolingo (DUOL -17.85%) took a dive like a wounded green owl on Thursday. The language-learning expert posted strong first-quarter results on Wednesday evening, but some investors wanted a stronger user-growth story, and others simply cashed in some paper profits.The stock fell as much as 21.4% just after the opening bell today, firming up at a 17% price drop around 2 p.m. ET.Duolingo's blowout resultsIn the first quarter of 2024, Duol ...

Duolingo, the popular language learning app, is facing its slowest rate of subscriber additions since 2022, which has put the company at risk of falling from its high ranking in the Obsidian League.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Despite surpassing market expectations in daily average use for the quarter ending in March, the app’s shares plummeted by 12% overnight, underscoring investor concerns about its growth trajectory. Duolingo ha ...

Duolingo, Inc. (NASDAQ:DUOL) Q1 2024 Earnings Conference Call May 8, 2024 5:30 PM ET Company Participants Deborah Belevan - Vice President, Investor Relations Luis von Ahn - Co-founder, Chief Executive Officer & Chairman Matt Skaruppa - Chief Financial Officer Conference Call Participants Ralph Schackart - William Blair Justin Patterson - KeyBanc Bryan Smilek - JPMorgan Ryan McDonald - Needham Andrew Boone - JMP Securities Eric Sheridan - Goldman Sachs Chris Kuntarich - UBS Alex Sklar - Raymond James Ross S ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___ to ___ Commission file number 001-40653 Duolingo, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporatio ...

For the quarter ended March 2024, Duolingo, Inc. (DUOL) reported revenue of $167.55 million, up 44.9% over the same period last year. EPS came in at $0.57, compared to -$0.06 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $165.02 million, representing a surprise of +1.53%. The company delivered an EPS surprise of +90.00%, with the consensus EPS estimate being $0.30.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall ...

Duolingo, Inc. (DUOL) came out with quarterly earnings of $0.57 per share, beating the Zacks Consensus Estimate of $0.30 per share. This compares to loss of $0.06 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 90%. A quarter ago, it was expected that this company would post earnings of $0.21 per share when it actually produced earnings of $0.26, delivering a surprise of 23.81%.Over the last four quarters, the company has surp ...

*LTM MAU DUOLINGO Q1 / FY 2024 3 Dear shareholders, 2024 is off to a strong start. Here's a summary of our first quarter results: shareholder letter Q1 2024 our mission is to develop the best education in the world and make it universally available. DUOLINGO Q1 / FY 2024 2 Q1 Highlights | User Metrics | Q1 2023 | Q1 2024 | | --- | --- | --- | | Daily Active Users | 20.3M | 31.4M | | | | 54% YoY | | Monthly Active Users | 72.6M | 97.6M | | | | 35% YoY | | Paid Subscribers | 4.8M | 7.4M | | at period end | | ...

Duolingo, Inc. (DUOL) closed the latest trading day at $216.38, indicating a -1.88% change from the previous session's end. The stock fell short of the S&P 500, which registered a gain of 0.02% for the day. On the other hand, the Dow registered a loss of 0.11%, and the technology-centric Nasdaq increased by 0.1%.Coming into today, shares of the company had lost 1.3% in the past month. In that same time, the Business Services sector lost 5.08%, while the S&P 500 lost 3.01%.Investors will be eagerly watching ...

Duolingo, Inc. (DUOL) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this company have returned -1.3%, compared to the Zacks S&P 500 composite's -3% change. During this period, the Zacks Technology Services industry, which Duolingo falls in, has lost 7.9%. The key question now is: What could be the stock's future direction?Although m ...