Duolingo Stock Drops After Q1 Earnings — Here’s Why

Duolingo Inc. (NASDAQ:DUOL) reported first-quarter results after Monday’s closing bell, beating analyst estimates on the top and bottom lines but issuing disappointing revenue guidance.

Here’s a look at the details inside the report. 

• DUOL stock is moving. Watch the price action here.

Duolingo Q1 Details       

Duolingo reported quarterly earnings of 89 cents per share, which beat the consensus estimate of 79 cents, according to Benzinga Pro data. 

Quarterly revenue came in at $291.97 million, which beat the Street estimate of $288.49 million.

Daily active users (DAUs) …

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