Welcome to our dedicated page for Duolingo news (Ticker: $DUOL), a resource for investors and traders seeking the latest updates and insights on Duolingo stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Duolingo's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Duolingo's position in the market.
Duolingo, Inc. (NASDAQ: DUOL) reported a 45% revenue growth and record profitability in the first quarter of 2024, with total bookings of $197.5 million, an increase of 41% from the prior year quarter. Paid subscribers reached 7.4 million, a 54% increase. The company saw a 54% year-over-year growth in daily active users, reaching 31.4 million DAUs. Net income was $27.0 million compared to a net loss of $2.6 million in the prior year quarter. Adjusted EBITDA was $44.0 million, a significant increase from $15.1 million in the prior year quarter. Duolingo raised its full-year guidance, citing confidence in product improvements and the rollout of higher-priced subscription tiers.
