Duolingo Stock News

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 Khaj...

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 has strong fundamentals with impressive revenue growth and profitability, but its valuation is relatively high. The company offers over 100 language courses and is focused on making learning personalized, fun, and accessible. Despite strong financial performance, market volatility and high valuation multiples make it advisable to hold off on buying Duolingo stock at this time.

Duolingo's stock experienced a 42% decline from its peak value but presents a buying opportunity amidst market uncertainty. DUOL's competitive advantage lies in its efficient learning process and academic recognition, making it a strong player in the language learning field. Duolingo's premium revenue per user and margins are competitive with those of other successful subscription services like...

Duolingo reported its Q1 FY24 earnings in May, where revenue and Adjusted EBITDA grew 45% and 190% YoY respectively, as it continued to attract, engage and convert users to Paid Subscribers. Since then, OpenAI has launched ChatGPT 4-o, which can engage users in conversational practice, provide instant feedback and more, threatening Duolingo's market share. The company is due to report its Q2 FY...

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