Duolingo Posts Double Beat in Q2: Here's Why the Stock is Falling Wednesday

Duolingo Inc (NASDAQ: DUOL ) reported second-quarter financial results Wednesday after market close. • Duolingo stock is taking a hit today. See analyst ratings here. Here are the key highlights. Duolingo Q2 Earnings Duolingo reported second-quarter revenue of $298.45 million, up 18% year-over-year. The revenue total beat a Street consensus estimate of $295.62 million, according to data Pro. The company reported quarterly earnings of 66 cents per share, beating a Street estimate of 61 cents per share. Duolingo reported 58.7 million daily active users in the quarter, up 23% year-over-year. Paying subscribers rose 17% year-over-year in the quarter, hitting 12.7 million in the quarter. "We believe our user growth acceleration is due to three factors: product changes, marketing impact, and a one-time event to revive lost streaks. Since two of these are permanent, we expect DAU year-over-y...