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Duolingo Inc (NASDAQ:DUOL) stock is 1.4% higher before the bell, after J.P.
The earnings season is coming to an end, and companies have delivered rather impressive performances. Of course, the highlight was Nvidia (NASDAQ: NVDA ), which provided another outstanding quarter.
Duolingo is the world's largest digital education platform. Duolingo raised its 2023 revenue forecast three times last year, and it still beat expectations.
The addition of GPT-4 apps coincides with massive growth in the user base. Investors need to watch Duolingo's valuation.
Duolingo surged near the end of February after a blockbuster earnings report. New AI-powered features and an expansion into subjects beyond languages are fueling user growth and stronger financials.
Duolingo, Inc. (DUOL) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Shares of Duolingo have more than tripled since the end of 2022. Duolingo's user base is growing much faster than sales and marketing expenses.
Duolingo stock is up 30% this week. The company posted strong growth and earnings for the fourth quarter of 2023.
Duolingo's revenue jumped 45% in the fourth quarter, reaching $151 million. User engagement soared, with daily and monthly active users up 65% and 46%, respectively.
Duolingo (NASDAQ: DUOL ) stock is surging higher by around 20% after the language learning company reported a double beat in its fourth-quarter earnings. During the quarter, revenue tallied in at $151 million, up by 45% year-over-year (YOY) and beating the analyst estimate for $148.3 million.