Financial Performance - Total bookings for Q3 2024 were $211.5 million, a 38% increase YoY, with subscription bookings at $176.3 million, up 45% YoY [3][4] - Paid subscribers reached 8.6 million, a 47% increase YoY, while DAUs grew to 37.2 million, up 54% YoY, and MAUs reached 113.1 million, up 36% YoY [3][4] - Total revenues for Q3 2024 were $192.6 million, a 40% increase YoY, with subscription revenue contributing $157.6 million, up 49% YoY [3][5] - Net income for Q3 2024 was $23.4 million, compared to $2.8 million in the prior year quarter, while Adjusted EBITDA was $47.5 million, up from $22.5 million YoY [3][4] Operational Highlights - The company achieved strong growth in new and returning users, with the highest-ever family plan penetration and significant contributions from Duolingo Max [2][3] - The AI-powered Video Call feature drove adoption of Duolingo Max and increased conversational speaking practice, unlocking new opportunities in the global language learning market [3] - Free cash flow for Q3 2024 was $52.7 million, a 57% increase YoY, while net cash provided by operating activities was $56.3 million, up 49% YoY [3][4] Financial Outlook - For Q4 2024, the company expects total bookings between $244.5 million and $247.5 million, with revenues projected between $202.5 million and $205.5 million [6] - Full-year 2024 guidance includes total bookings of $843.5 million to $846.5 million and revenues of $741.0 million to $744.0 million [6] - Adjusted EBITDA for Q4 2024 is expected to be between $48.6 million and $50.8 million, with a margin of 24.0% to 24.7% [6] Market Position and Strategy - Duolingo is the leading mobile learning platform globally, with its flagship app being the most popular way to learn languages and the top-grossing app in the Education category on Google Play and the Apple App Store [10] - The company continues to invest in technology to provide a fun, engaging, and effective learning experience, while remaining committed to its mission of making the best education universally available [10]

Earnings and Financial Performance - Duolingo is scheduled to report its Q3 2024 results on November 6, 2024 [1] - The Zacks Consensus Estimate for Q3 earnings is 36 cents per share, reflecting a 500% YoY improvement [2] - Revenue consensus estimate is $188.7 million, indicating a 37.1% YoY increase [2] - Subscription revenue is expected to reach $153.9 million, showing 45.3% YoY growth [4] - In Q2 2024, revenue increased by 41% YoY, with net income rising to $24.4 million from $3.7 million [8] User and Subscriber Growth - Daily active users are expected to grow 55.9% YoY, while monthly active users are anticipated to increase 22.5% YoY [5] - Paid subscribers are projected to grow 45.5% YoY [5] - The company's strategy focuses on expanding its user base and converting users into subscribers [7] Stock Performance and Industry Comparison - Duolingo's stock has gained 28% year-to-date, underperforming the industry's 32.7% rally but outperforming the S&P 500's 20.5% rise [6] - Competitors Coursera and Chegg have seen declines of 64% and 85.3%, respectively, over the same period [7] Product and Monetization Strategy - Duolingo's success is driven by product excellence and innovation in language learning, using gamified techniques and a user-friendly interface [7] - The company has optimized subscription offerings, such as the family plan and Duolingo Max, contributing to growth through word-of-mouth [8] - Strong monetization efforts and expanding user base position the company for sustained success [9]

Wall Street analysts forecast that Duolingo, Inc. (DUOL) will report quarterly earnings of $0.36 per share in its upcoming release, pointing to a year-over-year increase of 500%. It is anticipated that revenues will amount to $188.67 million, exhibiting an increase of 37.1% compared to the year-ago quarter.Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course ...

I recently sold my Duolingo (NASDAQ: DUOL ) stock and consider it a hold at best as it hovers around $300/share. In August , I said the stock was a strong buy. Since then, we're up ~50%. I will explain why I'veAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than fro ...

The most recent trading session ended with Duolingo, Inc. (DUOL) standing at $294.81, reflecting a +1.57% shift from the previouse trading day's closing. This change outpaced the S&P 500's 0.16% gain on the day. Meanwhile, the Dow experienced a drop of 0.37%, and the technology-dominated Nasdaq saw an increase of 0.78%. Shares of the company witnessed a gain of 2.91% over the previous month, beating the performance of the Business Services sector with its gain of 2.81% and the S&P 500's gain of 1.67%. Analy ...

Proven winners like Nvidia have made millionaires in the stock market, but their best days of skyrocketing growth are probably behind them. These two innovators may be the next wave of market-crushing growth stories.Some stocks can give you life-changing returns in the long run.If you had invested $3,500 in Apple (AAPL -0.35%) 20 years ago, you'd have a total return of $1.1 million by now. The rise of smartphones worked wonders for the empire Steve Jobs created.The same $3,500 investment in October 2004 wou ...

Technology stocks continue to show their staying power.It's been a fantastic year on Wall Street. The S&P 500, Nasdaq Composite, and Dow Jones Industrial Average are up 24%, 24%, and 17%, respectively.So, let's take a look at the three best tech stocks that investors should consider buying in October. PayPal HoldingsFor those in search of an affordable tech stock to buy in October, consider PayPal Holdings (PYPL -0.10%). Unlike many tech stocks whose valuations are at multiyear highs, PayPal's current price ...

Duolingo, Inc. (DUOL) has witnessed a significant jump in its stock price over the past six months. The DUOL stock has risen 39.7% compared with the broader industry's 26.4% rise and 17.3% growth of the Zacks S&P 500 composite. DUOL's performance surpasses its close competitors, Pearson plc (PSO) and TAL Education Group (TAL) . PSO shares have gained 10%, while TAL witnessed a 12.5% decline in the same period. Six Months Price Performance DUOL: 39.7% 32.9% Z SI283M: 26.4% SP5M: 17.3% PSO: 10.0% 3.2% -6.6% T ...

Shares of Duolingo Inc DUOL came under pressure in early trading on Monday. The stock has risen by 78% since the second-quarter earnings release, which makes the risk/reward negative, despite the company likely to report strong results for the third quarter, according to JMP Securities. Analyst Andrew Boone downgraded the rating for Duolingo from Market Outperform to Market Perform. The Duolingo Thesis: Management seems likely to continue to "execute exceptionally well," Boone said in the downgrade note. Ch ...

Investors might want to bet on Duolingo, Inc. (DUOL) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the syst ...