Duoling (DUOL) Tops Q1 EPS by 30c, Offers Guidance

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Go back to Duoling (DUOL) Tops Q1 EPS by 30c, Offers Guidance

Duolingo Reports 45% Revenue Growth and Record Profitability in First Quarter 2024; Raises Full Year Guidance

May 8, 2024 4:01 PM EDT

PITTSBURGH, May 08, 2024 (GLOBE NEWSWIRE) -- Duolingo, Inc. (NASDAQ: DUOL), the worlds leading mobile learning platform, announced results for the first quarter ended March 31, 2024 in a shareholder letter that is posted at investors.duolingo.com.

We are pleased to report another quarter of stellar performance, with strong bookings and revenue growth, alongside record profitability, said Luis von Ahn, Co-Founder and CEO of Duolingo. Our 54% year-over-year growth in daily active users was driven by a record number of net daily user additions. Our DAU-to-MAU ratio, a measure of user engagement,... More