Duolingo Aktie News

Duolingo is gaining subscribers at a rapid pace. Management is prioritizing further user growth over short-term monetization strategies.

Duolingo stock is seeing a huge valuation pullback following the publication of the company's Q3 results yesterday. Sales and earnings performance in the third quarter actually came in ahead of Wall Street's forecasts.

Shares of Duolingo Inc tumbled 26% on Thursday after the language-learning platform issued softer-than-expected fourth-quarter guidance, despite reporting record revenue and user growth. The company posted third-quarter revenue of $271.7 million, up 41% from a year earlier, and achieved an all-time high of 50.5 million daily active users.

Shares in language learning platform Duolingo, Inc. (Nasdaq: DUOL) are plummeting this morning.

Duolingo Inc (NASDAQ: DUOL) posted a strong third-quarter, with revenue increasing 40% and profit margins expanding rather significantly on a year-over-year basis. Still, the online language learning platform opened nearly 25% down on Thursday morning.

Duolingo stock price is collapsing. It initially jumped to $540 earlier this year and closed at $260 on Wednesday, a 52% plunge.

Duolingo shares dropped on soft guidance, overshadowing better-than-expected third-quarter revenues. The language learning platform is focusing on growing users at the expense of near-term monetization.

The language-learning platform posts record revenue but guidance disappoints.