Duolingo, Inc. (DUOL, Financial) is set to release its Q3 2024 earnings on November 6, with investors watching for signs of continued growth in its user base and the impact of AI-driven language learning tools.
Earnings Preview for Duolingo
Analysts project Duolingo to report revenue of approximately $189 million for the quarter, a 37% increase year-over-year, driven by strong subscriber growth and expanding international demand. Earnings per share (EPS) are expected to be around $0.36, up from $0.06 last year, reflecting scalability and advancements in AI-driven product development.
Key areas to watch include growth metrics such as daily and monthly active users, total bookings and paid subscribers. Updates on AI-enabled content creation and its impact on margins will be of particular interest. Additionally, the new premium tier and recent expansions into music and math will be closely watched for their effects on engagement and user retention.