By Adam L. Cataldo
Duolingo's stock advanced after its forecast for bookings and revenue topped estimates and its first-quarter earnings beat expectations.
Shares rose 10%, to $440.10, in the after-hours market on Thursday. The stock is up 75% in the past year.
The mobile-learning-platform company said after the close that it sees second-quarter bookings of $243.5 million to $246.5 million, and revenue of $238.5 million to $241.5 million. Those both topped the $238.7 million in bookings and $233.8 million of revenue forecast by analysts, according to a FactSet.
For the first quarter, Duolingo reported a profit of $35.1 million, or 72 cents a share, up from $27 million, or 57 cents a share, a year ago. Analysts expected a profit of $24.7 million, or 51 cents a share.
Revenue climbed 38%, to $230.7 million, from the same period a earlier. That beat the analysts' estimate of $223.2 million.
"We're executing well on the three core priorities we laid out for the year in our Q4 shareholder letter: driving subscription bookings through user growth and conversion gains, using AI to enhance Video Call and scale content, and growing profitably with operational discipline," Chief Executive Officer Luis von Ahn said
Write to Adam L. Cataldo at adam.cataldo@wsj.com
(END) Dow Jones Newswires
May 01, 2025 19:13 ET (23:13 GMT)
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