Duolingo shares drop as Q4 bookings forecast misses; strategic shift may pressure 2026 results

Core Viewpoint - Duolingo (DUOL) shares experienced a decline of up to 20% in extended trading due to a fourth-quarter forecast for bookings that fell short of estimates, despite a strong overall quarterly earnings performance [1] Summary by Relevant Sections - Earnings Performance - The company reported a solid overall quarterly earnings beat, indicating strong performance in other financial metrics [1] - Bookings Forecast - Duolingo anticipates bookings to be in the range of $329.5 million to $335.5 million, which is below market expectations [1]