Language-learning company Duolingo (DUOL -1.28%) priced its 2021 initial public offering (IPO) at $102 per share. It's tripled in value during the short time since.
The stock market has been on an absolute tear this year. The S&P 500 is up by 27%, which is almost triple its average annual gain dating back to when the index was established in 1957.
Duolingo's AI-driven, gamified freemium model is driving strong user growth, with DAUs up 54% and paid subscribers up 47% year-over-year. The business is scaling efficiently, with improving Adjusted EBITDA margins and decreasing customer acquisition costs, creating a competitive advantage. Duolingo's robust liquidity, low debt, and substantial cash reserves ensure it can fund growth initiatives...
PITTSBURGH, Dec. 09, 2024 (GLOBE NEWSWIRE) -- Duolingo, Inc. (Nasdaq: DUOL), the world's leading mobile learning platform, announced today that it has appointed Bonnie Ross as an independent board member.
This language education platform continues to expand its use of artificial intelligence.
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