What revenue did Duolingo report last quarter?
Duolingo reported revenues of $252.3 million last quarter, up 41.5% year on year.
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Finance / Earnings
Duolingo (DUOL) Earnings Report: What to Expect
Language-learning app Duolingo (NASDAQ:DUOL) is set to report its earnings this Wednesday after the bell. Investors and analysts are keen to see if the company can continue its impressive growth trajectory. Here's a preview of what to expec...
Key Insights
- Duolingo's previous quarter saw them beat analysts’ revenue expectations by 4.8%, reporting $252.3 million, a 41.5% year-on-year increase. This included exceeding EBITDA estimates and full-year EBITDA guidance.
- The company reported 128.3 million users, up 23.8% year on year. Why this matters: User growth is critical for Duolingo's long-term success as it indicates the platform's expanding reach and potential for increased monetization.
- For the upcoming quarter, analysts expect revenue to grow 35.3% year on year to $260.6 million, with adjusted earnings expected at $1.59 per share.
- Duolingo has consistently exceeded Wall Street’s expectations, beating revenue estimates every time over the past two years by an average of 2.5%.
In-Depth Analysis
Duolingo's performance is being closely watched in the context of the broader consumer subscription segment. Roku, for example, recently delivered year-on-year revenue growth of 14%, while Udemy reported flat revenue. However, the consumer subscription group has generally underperformed, with share prices down 4.2% on average over the last month.
Duolingo's stock is down 16.8% during the same period, heading into earnings with an average analyst price target of $442.74 (compared to the current share price of $266.59). This sets the stage for a potentially volatile reaction to the earnings report, depending on whether the company can meet or exceed expectations.
FAQ
What are analysts expecting for this quarter's revenue?
Analysts are expecting Duolingo’s revenue to grow 35.3% year on year to $260.6 million.
Takeaways
- Duolingo's user base and revenue growth remain strong indicators of its market position.
- The company's history of exceeding expectations suggests potential for a positive surprise in the upcoming earnings report.
- Keep an eye on the stock's reaction, as it could be significantly impacted by the earnings results and guidance.
Discussion
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