Duolingo Sees Q2 Revenues $175M-$177.5M vs $176.9M Est., FY24 Revenues $726.5M-$735.5M vs $728.23M Est.
Portfolio Pulse from Benzinga Newsdesk
Duolingo projects its Q2 revenues to be between $175M and $177.5M, slightly below the estimated $176.9M. For FY24, the company expects revenues to range from $726.5M to $735.5M, closely aligning with the $728.23M estimate.

May 08, 2024 | 8:04 pm
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NEUTRAL IMPACT
Duolingo's Q2 revenue forecast is slightly below expectations, but its FY24 revenue projection is in line with estimates.
Duolingo's Q2 revenue projection being slightly below the estimate might cause short-term concern among investors, potentially impacting the stock price negatively. However, the FY24 revenue forecast being in line with expectations suggests a stable long-term outlook, which could mitigate any negative short-term impact. The overall neutral score reflects this balance between short-term concerns and long-term optimism.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100