DUOL Stock Recent News

Shares of Duolingo (DUOL) are rising as the company reported its second quarter results, revealing it easily beat Wall Street expectations on both the top and bottom lines. The company boasted about having more than 100 million monthly active users in the quarter.

Duolingo (NASDAQ: DUOL ) is a company really taking off today. Despite the overall market being up considerably today, investors may look at the 14% surge in DUOL stock this afternoon and wonder what the company is doing to propel so much investor interest.

The stock market cooled off during July and high-flying Duolingo didn't have much news to report. The company is growing at a fast rate and increasing its profits, which bodes well for the rest of 2024 and beyond.

Duolingo beat on sales and crushed on earnings last night. Despite a high share price, the language learning company is posting strong double-digit growth rates.

Duolingo, Inc. (NASDAQ:DUOL ) Q2 2024 Earnings Conference Call August 7, 2024 5:30 PM ET Company Participants Debbie Belevan - Head, Investor Relations Luis von Ahn - Co-Founder and CEO Matt Skaruppa - Chief Financial Officer Conference Call Participants Andrew Boone - JMP Securities Bryan Smilek - JPMorgan Ralph Schackart - William Blair Curt Nagle - BofA Alex Sklar - Raymond James Shweta Khajuria - Wolfe Research Ryan MacDonald - Needham Arvind Ramnani - Piper Sandler Aaron Kessler - Seaport Eric Sheridan - Goldman Sachs Chris Kuntarich - UBS Ross Sandler - Barclays Mark Mahaney - Evercore Wyatt Swanson - D. A. Davidson Debbie Belevan Good evening, everyone.

The headline numbers for Duolingo (DUOL) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Duolingo, Inc. (DUOL) came out with quarterly earnings of $0.51 per share, beating the Zacks Consensus Estimate of $0.33 per share. This compares to earnings of $0.08 per share a year ago.

PITTSBURGH, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Duolingo, Inc. (NASDAQ: DUOL), the world's leading mobile learning platform, announced results for the second quarter ended June 30, 2024 in a shareholder letter that is posted at investors.duolingo.com.

Duolingo has nearly tripled its revenue in just three years, boasting a higher cash-based profit margin than Apple and Alphabet. At the helm is co-founder and CEO Luis von Ahn, a leader with a history of ingenious innovations.

Duolingo's (DUOL) second-quarter 2024 earnings and revenues are likely to increase year over year.