Duolingo, The Language Learning Market Leader Is Worth Buying

For Q1-2024, the fantastic performance continued as Duolingo grew revenues by a whopping 45% YoY and beat revenue estimates by a slight $2Mn, and adjusted EBITDA a massive 191%. It beat non-GAAP EPS by 30 points, clearly demonstrating that operating leverage is flowing through to the bottom line. Revenue guidance for Q2 was in line with analyst estimates, but higher by$ 3Mn for the full year, as was adjusted EBITDA, which is now slated at a midpoint of $171.5Mn, another huge increase of 83% over 2023. Duoli ...