Duolingo (NASDAQ:DUOL) First Quarter 2024 Results

Key Financial Results

• Revenue: US$167.6m (up 45% from 1Q 2023).
• Net income: US$27.0m (up from US$2.58m loss in 1Q 2023).
• Profit margin: 16% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue.
• EPS: US$0.63 (up from US$0.064 loss in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Duolingo EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 117%.

Looking ahead, revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Consumer Services industry in the US.

Performance of the American Consumer Services industry.

The company's shares are down 12% from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with Duolingo.

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