Duolingo, Inc. Stock Price, News & Analysis

Duolingo (Nasdaq: DUOL), the leading mobile learning platform globally, has announced it will release its third quarter 2024 financial results on Wednesday, November 6, 2024, after the U.S. market closes. The company will host a video webcast at 5:30 p.m. ET on the same day to discuss the results.

Investors and interested parties can access the live video webcast through Duolingo's Investor Relations website at https://investors.duolingo.com. For those unable to attend the live event, a replay will be available two hours after the webcast and will remain accessible for one year.

Duolingo (NASDAQ:DUOL) announces major AI-powered innovations at Duocon 2024, its annual conference. The company introduces two new features: Video Call, an AI-powered tool for Duolingo Max subscribers to engage in realistic conversations with the character Lily, and Adventures, an immersive exploration game-like experience. Both features aim to enhance language learning and build user confidence.

Duolingo also expands its Music course capabilities through a partnership with Loog, creating a compact digital piano for learners. The Duolingo x Loog Piano will be available for pre-order at $249. Additionally, the company partners with Sony Music to allow users to play along with popular songs.

Grammy-winning artist Jon Batiste will join Duocon 2024 to discuss the intersection of music, language, and culture. The virtual event showcases Duolingo's commitment to leveraging technology for improved education accessibility.

Duolingo, the leading mobile learning platform, has partnered with Sony Music to enhance its Music course. The collaboration brings over 60 popular recordings from Sony Music artists like Dove Cameron, Hozier, Meghan Trainor, and Whitney Houston to the curriculum. This integration aims to make learning music more engaging and fun.

Learners can now study music fundamentals and practice theory skills such as reading music, understanding note lengths, and differentiating notes using hit songs. The partnership seeks to improve learning retention and comprehension while making music education more enjoyable for millions of users worldwide. Duolingo will showcase the Music course updates at its global event, Duocon, on September 24, 2024.

Duolingo (NASDAQ: DUOL) reported strong Q2 2024 results, surpassing 100 million monthly active users and reaching 8 million subscribers. Key highlights include:

- Total bookings up 38% YoY to $190.1 million
- Revenue increased 41% YoY to $178.3 million
- Daily active users grew 59% YoY to 34.1 million
- Net income of $24.4 million, up from $3.7 million in Q2 2023
- Adjusted EBITDA of $48.1 million, a 27% margin

The company updated its full-year 2024 guidance, projecting total bookings between $820.5-$827.5 million and revenues of $731.3-$738.3 million. Duolingo's focus on family plan penetration and the rollout of Duolingo Max is expected to support long-term monetization strategies.

Duolingo (Nasdaq: DUOL) announced that it will release its second quarter 2024 financial results on August 7, 2024, after the U.S. market closes. The company will host a video webcast to discuss the results at 5:30 p.m. ET, accessible via Duolingo's Investor Relations website. A replay will be available two hours post-event and archived for a year.

Duolingo (Nasdaq: DUOL), a leading mobile learning platform, has acquired Hobbes, a Detroit-based animation and motion design studio.

This is Duolingo’s second acquisition after Gunner, another Detroit-based studio acquired in 2022.

The acquisition aims to enhance Duolingo’s design capabilities, particularly in motion design which is critical to making its products engaging.

Hobbes will integrate twelve new designers, animators, and creative directors into Duolingo’s teams, nearly doubling the size of Duolingo’s Detroit office.

Hobbes has been a key partner in developing features for Duolingo Music and other design systems.

Both companies believe this collaboration will lead to more engaging and effective learning experiences for users.

Duolingo (Nasdaq: DUOL) has appointed Mario Schlosser, co-founder and Chief Technology Officer of Oscar Health, to its Board of Directors. Schlosser brings a wealth of experience from his roles at Oscar Health, Bridgewater Associates, and McKinsey & Company. His expertise in AI and consumer technology, along with his leadership in growing Oscar Health to over a million members, makes him a significant asset for Duolingo. Schlosser’s academic credentials include a computer science degree from the University of Hannover and an MBA from Harvard Business School. This strategic board addition aims to leverage Schlosser's technology and AI background to further Duolingo’s mission of providing top-tier, accessible education worldwide.

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.