Duolingo: Q1 Earnings Insights

Duolingo DUOL reported its Q1 earnings results on Tuesday, May 9, 2023 at 04:01 PM.

Here's what investors need to know about the announcement.

Earnings

Duolingo beat estimated earnings by 73.91%, reporting an EPS of $-0.06 versus an estimate of $-0.23.

Revenue was up $34.44 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.18 which was followed by a 22.24% increase in the share price the next day.

Here's a look at Duolingo's past performance:

Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022
EPS Estimate -0.53 -0.55 -0.51 -0.57
EPS Actual -0.35 -0.46 -0.38 -0.31
Revenue Estimate 99.89M 95.24M 85.73M 77.44M
Revenue Actual 103.82M 96.06M 88.39M 81.22M

To track all earnings releases for Duolingo visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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