July was a quiet month but August started with a bang. Shares of app-based education company Duolingo (DUOL 13.59%) dropped 17.6% during July, according to data provided by S&P Global Market Intelligence. Without any news to excite investors, the stock drifted lower throughout the month. But that's already changing in August with the release of its latest quarterly earnings report. The S&P 500 was up 1% during July so it may be surprising to some that this was its worst July in a decade. In short, market co ...

Duolingo stock costs 10% more today -- and is worth every penny. Shares of Duolingo (DUOL 12.91%), the AI-powered language learning company, jumped 9.5% through noon ET Thursday after crushing analyst forecasts for second-quarter earnings last night. Heading into the quarter, Wall Street forecast Duolingo would earn $0.32 per share on sales of $177.1 million. Instead, Duolingo reported a profit of $0.51 per share. Sales were $178.3 million. Duolingo's Q2 earnings The news was actually even better than that ...

Duolingo, Inc. (NASDAQ:DUOL) Q2 2024 Earnings Conference Call August 7, 2024 5:30 PM ET Company Participants Debbie Belevan - Head, Investor Relations Luis von Ahn - Co-Founder and CEO Matt Skaruppa - Chief Financial Officer Conference Call Participants Andrew Boone - JMP Securities Bryan Smilek - JPMorgan Ralph Schackart - William Blair Curt Nagle - BofA Alex Sklar - Raymond James Shweta Khajuria - Wolfe Research Ryan MacDonald - Needham Arvind Ramnani - Piper Sandler Aaron Kessler - Seaport Eric Sheridan ...

For the quarter ended June 2024, Duolingo, Inc. (DUOL) reported revenue of $178.33 million, up 40.6% over the same period last year. EPS came in at $0.51, compared to $0.08 in the year-ago quarter. The reported revenue represents a surprise of +0.82% over the Zacks Consensus Estimate of $176.88 million. With the consensus EPS estimate being $0.33, the EPS surprise was +54.55%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determi ...

Duolingo, Inc. (DUOL) came out with quarterly earnings of $0.51 per share, beating the Zacks Consensus Estimate of $0.33 per share. This compares to earnings of $0.08 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 54.55%. A quarter ago, it was expected that this company would post earnings of $0.30 per share when it actually produced earnings of $0.57, delivering a surprise of 90%. Over the last four quarters, the company ha ...

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 June 30, 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) Delaware 45-3055872 (State or other jurisdict ...

User Engagement and Growth - Daily Active Users (DAUs) increased to 34.1 million, up 59% YoY[3][4] - Monthly Active Users (MAUs) reached 103.6 million, up 40% YoY[3][4] - Japan saw 93% DAU growth and 58% bookings growth YoY[6] - Daily Active Users (DAUs) averaged over the three months ended June 30, 2024, reflecting consistent global user engagement[26] Paid Subscribers and Bookings - Paid Subscribers totaled 8.0 million, up 52% YoY[3][4] - Total Bookings were $190.1 million, up 38% YoY[3][4] - Q3 2024 Bookings guidance is $194.5 million to $197.5 million, with YoY growth of 26.6% to 28.6%[20] - Paid subscribers are users with active subscriptions as of the end of the measurement period, excluding free trials and non-paying family plan members[26] - Subscription bookings represent amounts received from Duolingo subscription purchases, while total bookings include advertising income, Duolingo English Test purchases, and in-app virtual goods[27] Financial Performance - Total Revenue grew to $178.3 million, up 41% YoY[3][4] - Net Income increased to $24.4 million, compared to $3.7 million in the prior year quarter[3][4] - Adjusted EBITDA rose to $48.1 million, with a margin of 27.0%[3][4] - Revenues grew from $126.84 million in Q2 2023 to $178.33 million in Q2 2024[37] - Net income rose significantly from $3.73 million in Q2 2023 to $24.35 million in Q2 2024[37] - Adjusted EBITDA increased from $20.87 million in Q2 2023 to $48.12 million in Q2 2024, with the margin improving from 16.5% to 27.0%[41] Cash Flow and Liquidity - Cash and cash equivalents increased from $747.61 million in December 2023 to $888.24 million in June 2024[36] - Net cash provided by operating activities surged from $66.77 million in the first half of 2023 to $145.90 million in the first half of 2024[38] - Free cash flow improved from $34,340 thousand in Q2 2023 to $54,867 thousand in Q2 2024[49] - Free cash flow margin increased from 27.1% in Q2 2023 to 30.8% in Q2 2024[49] - Net cash provided by operating activities rose from $37,167 thousand in Q2 2023 to $62,388 thousand in Q2 2024[49] Expenses and Investments - Stock-based compensation expenses related to equity awards increased from $24.26 million in Q2 2023 to $27.54 million in Q2 2024[41] - Total GAAP Operating Expense increased from $97,916 thousand in Q2 2023 to $112,278 thousand in Q2 2024[43] - Non-GAAP R&D Expense rose from $36,219 thousand in Q2 2023 to $40,176 thousand in Q2 2024[44] - Non-GAAP S&M Expense grew from $16,473 thousand in Q2 2023 to $18,735 thousand in Q2 2024[45] - Non-GAAP G&A Expense increased from $19,636 thousand in Q2 2023 to $24,205 thousand in Q2 2024[46] - Capitalized software development costs and purchases of intangible assets increased from $2,544 thousand in Q2 2023 to $3,093 thousand in Q2 2024[49] - Purchases of property and equipment surged from $827 thousand in Q2 2023 to $5,563 thousand in Q2 2024[49] - Taxes paid related to stock-based compensation equity awards increased from $544 thousand in Q2 2023 to $798 thousand in Q2 2024[49] Product Expansion - Duolingo Max is now available in 5 courses and 27 countries, covering 15% of DAUs[9] Asset Growth - Total assets expanded from $953.96 million in December 2023 to $1.14 billion in June 2024[36]

PITTSBURGH, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Duolingo, Inc. (NASDAQ: DUOL), the world's leading mobile learning platform, announced results for the second quarter ended June 30, 2024 in a shareholder letter that is posted at investors.duolingo.com. "We achieved significant milestones in the second quarter, surpassing 100 million MAUs and reporting 8 million subscribers," said Luis von Ahn, Co-Founder and CEO of Duolingo. "Our user growth accelerated, and we saw record levels of engagement. Over 20% of our ...

PITTSBURGH, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Duolingo, Inc. (NASDAQ: DUOL), the world's leading mobile learning platform, announced results for the second quarter ended June 30, 2024 in a shareholder letter that is posted at investors.duolingo.com. "We achieved significant milestones in the second quarter, surpassing 100 million MAUs and reporting 8 million subscribers," said Luis von Ahn, Co-Founder and CEO of Duolingo. "Our user growth accelerated, and we saw record levels of engagement. Over 20% of our ...

Duolingo is a leading name in online language learning, but it's still a small company with big dreams -- how far can it go in the next five years? The language-learning company Duolingo (DUOL 1.41%) launched in 2012. Duolingo's mobile app is currently the third most popular app in the Apple App Store's education category, ahead of popular learning resources such as Instructure's Canvas platform and Alphabet's (GOOG 1.28%) (GOOGL 1.58%) Google Classroom. On Alphabet's Android Play Store, Duolingo sits at th ...