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Why Duolingo Stock Flew 34% Higher in February
The Motley Fool· 2024-03-04 19:19
Shares of Duolingo (DUOL -4.11%) rose by 33.6% in February, according to data from S&P Global Market Intelligence. A thoroughly Street-thumping earnings report erased the language-learning expert's prior price drop, which started around the holidays.Duolingo's Q4 by the numbersYour average Wall Street analyst expected the company would report fourth-quarter earnings of roughly $0.17 per diluted share on sales near $148 million. In actuality, it generated earnings of $0.26 per share on revenue of $151 millio ...
Earnings Estimates Moving Higher for Duolingo, Inc. (DUOL): Time to Buy?
Zacks Investment Research· 2024-03-04 18:20
Duolingo, Inc. (DUOL) could be a solid addition to your portfolio given a notable revision in the company's earnings estimates. While the stock has been gaining lately, the trend might continue since its earnings outlook is still improving.The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this company, should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions ...
Up 233%, Is It Too Late to Buy Duolingo?
The Motley Fool· 2024-03-04 10:31
Duolingo (DUOL -1.05%) shareholders have had a lot to smile about over the past 14 months. Since the end of 2022, the stock has risen a spectacular 233%, which has many investors wondering if it's already too late to buy some shares.Millions of new active users are flocking to the education app and signing up for paid subscriptions. Growth has been outstanding to date, but the company's stock market valuation means it has to continue growing rapidly or investors who buy at recent prices could suffer heavy l ...
Duolingo Stock Popped 30% This Week: Here's Why
The Motley Fool· 2024-03-01 18:43
Shares of Duolingo (DUOL -0.89%) shot up over 30% this week, according to data from S&P Global Market Intelligence. The language learning and education app saw rapid user and revenue growth yet again in the fourth quarter, leading investors to buy up the stock. Shares of the stock hit an all-time high and now sit at a market cap of $10 billion.Here's why Duolingo stock soared more than 30% this week.Growing users, expanding monetizationThis week, Duolingo released its financial results for the last three mo ...
Why Duolingo Stock Is Soaring Today
The Motley Fool· 2024-02-29 19:51
Shares of Duolingo (DUOL 18.71%) are posting enormous gains today. The leading language-learning expert published stellar fourth-quarter results after Wednesday's closing bell, driving stock prices as much as 23.1% higher the next morning. It cooled down to a still impressive 16% gain by 1 p.m. ET.Duolingo's Q4 by the numbersDuolingo's fourth-quarter revenue rose 45% year over year, landing at $151 million. The bottom line swung from a $0.35 net loss per share to earnings of $0.26 per share. Your average an ...
5 Investors Betting Big on Duolingo (DUOL) Stock
InvestorPlace· 2024-02-29 16:24
Duolingo (NASDAQ:DUOL) stock is surging higher by around 20% after the language learning company reported a double beat in its fourth-quarter earnings. During the quarter, revenue tallied in at $151 million, up by 45% year-over-year (YOY) and beating the analyst estimate for $148.3 million. EPS was 26 cents compared to a loss of 35 cents a year ago and beating the analyst estimate for 4 cents.“We accelerated DAU growth in each quarter of 2023, and in Q4 achieved record-high user engagement and a record numb ...
Language Learning Stock Soars After Beat-and-Raise
Schaeffers Research· 2024-02-29 15:26
Duolingo Inc (NASDAQ:DUOL) stock is 19.3% at $233.24 higher this morning, after the language learning firm announced a massive fourth-quarter win. Specifically, Duolingo beat top-and bottom-line estimates, with an earnings per share of 26 cents on revenue of $151 million, and revealed stronger-than-expected first-quarter and full-year revenue outlooks.In response, Needham, Barclays, and BofA Global Research all hiked their price targets. The lattermost issued the most upbeat raise, moving up to $260 from $ ...
Duolingo Stock Soars 22% on Earnings and Revenue Beats and Better-Than-Expected Guidance
The Motley Fool· 2024-02-29 12:40
Duolingo (DUOL 0.48%) stock gained 22.1% in Wednesday's after-hours trading, following the educational technology company's release of a strong fourth-quarter 2023 report. The stock's big rise is attributable to the quarter's revenue and earnings beating Wall Street's consensus estimates, along with first-quarter and full-year 2024 revenue guidance coming in higher than analysts had been expecting.Duolingo's key quarterly numbersMetricQ4 2022Q4 2023ChangeRevenue$103.8 million$151.0 million45%Operating incom ...
Duolingo(DUOL) - 2023 Q4 - Earnings Call Transcript
2024-02-29 02:53
Financial Data and Key Metrics Changes - In 2023, the company achieved a record user growth, bookings, revenue, profitability, and free cash flow in Q4, surpassing ambitious expectations set at the beginning of the year [6][11] - Bookings and revenue growth for the year were 51% and 45% year-over-year, respectively, or 49% and 43% on a constant currency basis [12][14] - Adjusted EBITDA margin increased by over 13 points to over 17% in 2023, with expectations to reach 22.5% at the midpoint in 2024 [7][14] Business Line Data and Key Metrics Changes - The family plan now constitutes about 18% of the subscriber base and has shown higher retention rates compared to other plans [9][20] - The company reached a milestone of 100 billion lessons completed by learners, holding a 90% share of global online language learning monthly active users (MAUs) [10] Market Data and Key Metrics Changes - The company has added approximately 18 million daily active users and over 50 million monthly active users since its IPO, primarily through word of mouth [8] - The company noted strong growth in international markets, particularly in Southeast Asia and Japan, with robust growth in European countries as well [99] Company Strategy and Development Direction - The company plans to continue investing in R&D as a growth lever, focusing on making the app more engaging and effective [15][37] - Strategic investments will be made to drive long-term growth, particularly in advanced content for English learners and expanding math and music courses [32][58] - The company aims to enhance its marketing strategy to capitalize on cultural moments and viral marketing opportunities [119] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in sustaining user growth, projecting mid-50s percentage growth for Q1 2024, despite the large user base [144] - The company is optimistic about the potential for further growth in the language learning market, with a total addressable market of about two billion people [72] Other Important Information - The company plans to experiment with pricing strategies, particularly for its MAX offering, and will continue to optimize the lifetime value (LTV) of its platform [44][141] - The company ended 2023 with approximately 49 million fully diluted shares outstanding and expects about 1% net dilution from equity issued to employees in 2024 [39] Q&A Session Summary Question: Can you elaborate on the family plan retention rate? - The family plan has a materially higher retention rate compared to the annual plan, contributing to a higher lifetime value (LTV) product [20] Question: What is the outlook for in-app purchases and other revenue lines? - Ad revenue is expected to grow slower than subscriptions, with a similar growth delta anticipated for 2024 [45] Question: How does the company view the impact of AI on operations? - AI is being leveraged for content creation and feature generation, allowing for faster experimentation and cost reductions [52][75] Question: What are the expectations for user growth in 2024? - The company expects user growth to remain strong, driven primarily by product improvements and word of mouth [71] Question: Can you provide insights on the performance of math and music courses? - While these courses are smaller than language learning, they are showing promising early results and are expected to grow over time [90][116]
Duolingo, Inc. (DUOL) Reports Q4 Earnings: What Key Metrics Have to Say
Zacks Investment Research· 2024-02-29 00:31
Duolingo, Inc. (DUOL) reported $150.99 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 45.4%. EPS of $0.26 for the same period compares to -$0.35 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $146.98 million, representing a surprise of +2.73%. The company delivered an EPS surprise of +23.81%, with the consensus EPS estimate being $0.21.While investors closely watch year-over-year changes in headline numbers -- revenue and earnin ...