Duolingo, Inc. Stock Price, News & Analysis

Duolingo, Inc. (Nasdaq: DUOL) will announce its third-quarter results for the period ending September 30, 2022, after U.S. market close on November 10, 2022. A video webcast of the results will commence at 5:30 p.m. ET, accessible through the company's Investor Relations website. Duolingo is recognized as the leading mobile learning platform globally, with its app being the most popular and highest-grossing in the Education category on both Google Play and the Apple App Store. The company continues to enhance the learning experience through technology.

Duolingo Acquires Gunner Animation Studio

On October 4, 2022, Duolingo (Nasdaq: DUOL) announced the acquisition of Gunner, a Detroit-based design and animation studio. This strategic acquisition aims to enhance learning engagement through art and animation, integral to Duolingo's brand. Gunner has been a partner since 2020, contributing to Duolingo's key apps and marketing campaigns. With this acquisition, Duolingo welcomes 15 new talented animators and designers to its team, further enriching its content and user experience.

Duolingo (NASDAQ: DUOL) hosted its fourth annual Duocon on August 26, 2022, featuring global leaders such as Chef José Andrés and Duolingo CEO Luis von Ahn. The virtual conference showcased Duolingo's new products, including a redesign of the Duolingo ABC literacy app and the launch of Duolingo Math. The event aimed to connect over 130,000 viewers worldwide, highlighting language learning and cultural engagement. Key highlights included a new Zulu language course and interactive social features for learners, reinforcing Duolingo's commitment to accessible education.

Duolingo, Inc. (DUOL) reported strong Q2 2022 results, showcasing a 51% rise in total bookings to $97.5 million and a 50% increase in revenues to $88.4 million compared to Q2 2021. Paid subscribers surged 71% to 3.3 million, while monthly active users reached 49.5 million, a 31% increase. Despite these gains, the company posted a net loss of $15 million, significantly up from $0.2 million last year, primarily due to rising stock-based compensation. Adjusted EBITDA improved to $4.2 million. Forward-looking guidance estimates Q3 total bookings between $94 million and $97 million.

Duolingo (Nasdaq: DUOL), the leading mobile learning platform, announced its participation in two upcoming investor conferences. The KeyBanc Technology Leadership Forum will take place on August 8th at 4:00 pm ET, followed by the Piper Sandler Growth Frontiers Conference on September 13th at 10:00 am ET. Investors can access a live webcast and replay of these sessions on the company's Investor Relations website. Duolingo continues to innovate in education, remaining the top-grossing app in the Education category across major app stores.

Duolingo announced an official partnership with HBO Max to promote the upcoming series House of the Dragon. The language learning platform has updated its High Valyrian course featuring over 150 new words and more than 700 sentences. This collaboration aims to engage fans ahead of the show's premiere on August 21, 2022. In conjunction with the course launch, Duolingo is implementing a marketing campaign, including special events and promotions associated with the series. The initiative aligns with Duolingo's strategy of leveraging cultural content to boost user growth.

Duolingo, the leading mobile learning platform, will announce its Q2 2022 financial results on August 4, 2022, after market close. The company will host a webcast at 5:30 p.m. ET, accessible via its Investor Relations website. Duolingo offers over 40 language courses to over 40 million monthly active users and has been downloaded over 500 million times, making it the top-grossing education app on both Google Play and Apple App Store. The company remains committed to providing a fun and effective learning experience while aiming for universal access to quality education.

Duolingo, Inc. (Nasdaq: DUOL) will join the Russell 3000 and Russell 2000 Indexes on June 27, 2022, following the annual reconstitution. This inclusion underscores Duolingo's growing market presence since its IPO last year. The Russell indexes capture the largest US stocks, enhancing visibility among institutional and retail investors. With over 45 million monthly active users and courses in over 40 languages, Duolingo aims to promote its educational mission to a broader audience. Approximately $12 trillion in assets are benchmarked against these indexes.

Duolingo reported strong Q1 2022 results, highlighting a 55% increase in total bookings to $102.1 million and a 47% rise in revenues, reaching $81.2 million. The company achieved record quarterly bookings and margins, driven by a 60% growth in paid subscribers, totaling 2.9 million. Monthly active users rose 23% to 49.2 million. Despite a net loss of $12.2 million, it improved from the prior year. Adjusted EBITDA reached $3.9 million, up 353%. Duolingo increased its full-year guidance for bookings and revenue, reflecting confidence in its growth trajectory.