Duolingo Guides Q4 Bookings to Accelerate 13%, Shares Jump 12.8% After Hours
DUOL sits 62% above its 52-week low of $87.89 on elevated volume (2.2× avg).
Summary
Duolingo's Q3 was a narrow miss on the bottom line — 54 cents a share versus 57 cents expected — but revenue of $309 million came in above the $303 million consensus. The stock is up 12.8% to $144.44 after hours, reversing a 5.4% decline in the regular session. The real driver is guidance: Q4 revenue is guided to $322 million and bookings to $382 million, which would mean bookings growth accelerates to 13% from the 12% reported this quarter. DAUs rose 29% to 64.9 million, accelerating from 23% growth in Q2, and CEO Luis von Ahn said the push on teaching quality and user growth is paying off. The after-hours move is the market repricing the growth trajectory rather than the EPS line.
At the time of this announcement, DUOL was trading at $142.50 on NASDAQ in the Technology sector, with a market capitalization of approximately $6B. The 52-week trading range was $87.89 to $279.98. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.