DUOL - Duolingo Analysts Raise Their Forecasts After Upbeat Q4 Results | Benzinga
Duolingo, Inc. (NASDAQ: DUOL) reported better-than-expected fourth-quarter financial results and issued strong guidance on Wednesday.
The company posted quarterly revenue of $150.99 million, beating estimates of $148.09 million. Earnings came in at 26 cents per share, topping expectations of 15 cents per share, according to data from Benzinga Pro.
Duolingo ended the quarter with $191 million in total bookings, up 51% on a year-over-year basis. Paid subscribers jumped 57% year-over-year to 6.6 million.
"2023 was an exceptional year that exceeded our own high expectations. It was capped off with a very strong Q4 that saw us achieve ...