Duolingo Sees Q1 2024 Revenue $164M-$167M Vs $159.238M Est.
Portfolio Pulse from Benzinga Newsdesk
Duolingo projects its Q1 2024 revenue to be between $164M and $167M, surpassing the estimated $159.238M.
February 28, 2024 | 9:13 pm
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Duolingo anticipates its Q1 2024 revenue to exceed expectations, projecting between $164M and $167M against an estimate of $159.238M.
Duolingo's projection of higher-than-expected revenue for Q1 2024 suggests strong business performance and potential growth, likely leading to a positive short-term impact on its stock price. The surpassing of revenue estimates typically results in increased investor confidence and can drive the stock price up.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100