Duolingo Posts $309M in Third-Quarter Revenue
DUOL sits 61% above its 52-week low of $87.89 on elevated volume (2.1× avg).
Summary
Duolingo reported third-quarter revenue of $309M, the first hard top-line number out of this quarter's report, alongside EPS of 54c and net income of $27.2M. Daily active users came in at 64.9M, up 29% year over year. The bar was set low: Q2 revenue beat but Q3 guidance disappointed, and the stock has carried that overhang since the August 5 10-Q. Insider activity has been heavy into the print — CEO Luis von Ahn filed to sell $16.3M of stock under a pre-arranged 10b5-1 plan on October 7, on top of earlier September filings. Watch the full release for bookings and Q4 guidance, which will decide whether $309M is a beat or just in line.
At the time of this announcement, DUOL was trading at $141.15 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.