Duolingo, the renowned language-learning platform, is set to announce its second-quarter results on Tuesday after the market closes. Here are the key details you should be aware of.
Revenue Boost: $123.7 Million Expected
According to FactSet, Duolingo is projected to report a revenue of $123.7 million for the quarter, showcasing significant growth compared to $88.4 million in the same period last year.
Narrowed Losses: Optimism Prevails
Analysts anticipate that Duolingo will narrow its losses to $5.8 million, equivalent to 19 cents per share. This positive trend reflects an improvement from the previous year’s loss of $15 million, or 38 cents per share, as reported by FactSet.
The Metrics to Monitor
The Emergence of Duolingo Max
Investors are eager for more information regarding Duolingo Max, a premium subscription offering that was recently introduced. In May, Chief Executive Luis von Ahn stated that the company had been testing high-value features among selected users. Expect insights from Duolingo on how Duolingo Max has performed and the lessons learned during this experimental phase.
For more details on Duolingo’s Q2 results, stay tuned.