Duolingo Q4 Earnings: Revenue Beat, EPS Beat, Engagement Growth, Strong Guidance
Portfolio Pulse from Adam Eckert
Duolingo Inc (NASDAQ:DUOL) reported Q4 earnings with revenue and EPS beating estimates, significant growth in engagement, and strong guidance for future revenue. Q4 revenue was $150.99 million, surpassing the $148.09 million estimate, and EPS was 26 cents, beating the 15 cents estimate. The company saw a 51% year-over-year increase in total bookings to $191 million, a 57% increase in paid subscribers to 6.6 million, and record user engagement with 26.9 million daily and 88.4 million monthly active users. Duolingo's outlook for Q1 revenue is between $164 million and $167 million, above the $159.238 million estimate, with full-year revenue expected to be between $717.5 million and $729.5 million, surpassing the $699.096 million estimate. Shares were up 21.2% after hours at $237.
February 28, 2024 | 10:00 pm
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Duolingo reported strong Q4 earnings, surpassing revenue and EPS estimates, with significant user growth and positive future revenue guidance.
Duolingo's Q4 earnings report exceeded expectations in terms of revenue and EPS, showing significant growth in user engagement and providing strong guidance for future revenue. This positive performance and optimistic outlook are likely to boost investor confidence and drive the stock price up in the short term.
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