Duolingo, Inc. Stock Price, News & Analysis

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.

Duolingo, the leading mobile learning platform, announced it will release its Q1 2022 results on May 12, 2022, after the U.S. market close. A conference call and webcast will follow at 5:30 p.m. Eastern time. With over 40 million monthly active users and 500 million downloads, Duolingo offers courses in more than 40 languages, making it the top-grossing Education app globally. The live webcast will be available to the public at investors.duolingo.com.

Duolingo (NASDAQ: DUOL) announced strong fourth quarter and full year results for 2021, with revenue growing by 55% to $250.8 million. The company achieved a record 2.5 million paid subscribers, reflecting a 56% increase year-over-year. Total bookings reached $294.2 million, up 55%. However, net losses ballooned to $60.1 million due to IPO-related stock-based compensation. Looking ahead to 2022, Duolingo expects total bookings between $372.0 million and $382.0 million, with revenues projected between $332.0 million and $342.0 million.

Duolingo has launched a new Haitian Creole course for English speakers, partnering with Haitian-owned restaurants in the U.S. to promote the course and offer a free month of Duolingo Plus to customers. This initiative aims to support the Haitian community and cultural awareness. The course was developed in collaboration with experts from Florida International University. Miami Mayor Francis Suarez supports the initiative, which includes a challenge to learn Haitian Creole for a donation to a local tech organization.

Duolingo, a leader in mobile language learning, will announce its fourth-quarter and full-year results for 2021 on March 3, 2022, after market close. This announcement will be followed by a conference call at 5:30 p.m. Eastern time, which will be publicly accessible via a live webcast. Duolingo has over 40 million monthly active users and has achieved over 500 million downloads, making it the most popular language-learning app worldwide.

Duolingo has published a study in the journal Foreign Language Annals, showing that completing five units in Spanish and French courses on its platform is equivalent to four university semesters in reading and listening skills. The study, led by Dr. Xiangying Jiang, indicates that Duolingo learners reach this proficiency in under half the time compared to traditional university students. This research highlights the effectiveness of app-based language learning, with ongoing enhancements to their courses. Duolingo aims to provide accessible, high-quality education globally.

Duolingo, Inc. (Nasdaq: DUOL) has appointed John Lilly as a new independent board director and member of the Compensation and Leadership Committee. With over 25 years of experience in consumer and enterprise technology, Lilly has held leadership roles at notable companies such as Mozilla and Greylock Partners, where he led investments in high-profile firms like Instagram and Dropbox. His expertise in digital transformation and technology will enhance Duolingo's commitment to providing accessible education, aligning with its mission of making high-quality learning universally available.