![]() Investors liked what they saw, and Duolingo’s stock rose more than 8% in the after-hours trading session, adding to a 2% gain earlier in the day. As a result, it’s anticipating revenue of between $111 million and $114 million, well ahead of Wall Street’s target of $106 million. Looking to the first quarter, Duolingo said it expects to see yet more growth. The company seems to think such an outlook is realistic. If it has another year like this, it may be able to deliver a profit to shareholders at last.” “The challenge for Duolingo now will be to maintain its DAU and MAU levels in 2023 and keep delivering. “With revenue up almost 50% and expenses increasing by just 30%, good things happen to the bottom line, and in Duolingo’s case that meant a similar net loss for the full year, albeit on a much larger revenue base,” he explained. Holger Mueller, an analyst with Constellation Research Inc., said Americans especially are keen to learn languages in the new, self-driven way that Duolingo offers, as is shown by its impressive growth. Monthly active users increased by 43%, to 60.7 million, while daily active users rose 62%, to 16.3 million. The company reported some explosive growth, with its total number of paid subscribers rising to 4.2 million at the end of the quarter, up 67% from a year earlier. “Duolingo Max will give our subscribers an even more engaging way to learn by chatting with Duolingo characters and receiving personalized explanations of their mistakes,” Von Ahn said. DUOL chart Today 0.48 5 days 3.39 1 month 44.44 6 months 37.60 Year to date 199.87 1 year 204.84 5 years 50.85 All time 50. “The infrastructure we’ve built has driven our innovation and operating efficiency, and is poised to help us deliver higher incremental profits this year and beyond.”ĭuring the quarter, Duolingo expanded its platform with the launch of Duolingo Max, a higher-tier subscription that throws in some extra artificial intelligence-based features for users. “We enter 2023 in a great position to continue our momentum,” he added. There are currently 36 different languages available to learn in the app, with basic lessons for beginners and more advanced instruction for those who already have some knowledge of the target language.ĭuolingo co-founder and Chief Executive Luis von Ahn (pictured) said the company’s full year results were “extraordinary,” even when compared with the lofty expectations it had set itself. That high price-to-sales ratio might be justified if it can maintain a 40-50 growth rate beyond 2021 - but a lot of headwinds. The company’s application is free to use and works on most kinds of devices and focuses on four types of language skills - reading, writing, speaking and listening. Duolingos stock currently trades at 20 times this years sales. Because everything is gamified, Duolingo becomes fun and encourages students to keep learning, even outside of the classroom. Students create a cartoon avatar character and then navigate through a series of learning games, earning rewards for doing so and learning as they progress. Wall Street had also been targeting a loss of 35 cents per share, but analysts had forecast lower revenue of $99.9 million.įor the full year fiscal 2023, the company delivered revenue of $369.5 million, up 47%.ĭuolingo is the creator of a gamified language learning tool that can be used by students and teachers to provide a more engaging learning experience. It delivered a loss before certain costs such as stock compensation of 35 cents per share on revenue of $103.8 million, up 47% from the same period one year earlier. The company reported a net loss of $13.9 million, down from a loss of $17.5 million a year ago. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.Duolingo Inc., the cloud-based language learning app creator, delivered fourth-quarter financial results today that beat expectations, sending its stock higher in extended trading. compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. We may also receive compensation if you click on certain links posted on our site. ![]() We may receive compensation from our partners for placement of their products or services. While we are independent, the offers that appear on this site are from companies from which receives compensation. All international money transfer servicesį is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions.
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