00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Duolingo shares fell in Friday's pre-market session after the company reported strong user growth,
00:07but said it will prioritize improving the free learner experience, according to Benzinga.
00:12The company reported fourth quarter sales of $282.87 million, up 35% year-over-year,
00:20beating consensus of $275.93 million. Daily active users rose 30% year-over-year to $52.7 million,
00:29while paid subscribers increased 28% to $12.2 million.
00:34Total bookings grew 24% to $336.8 million.
00:39Duolingo expects fiscal 2026 sales of $1.197 billion to $1.221 billion,
00:47below the consensus of $1.264 billion.
00:51Morgan Stanley downgraded the stock to equal weight and cut its price target to $100 from $245.
00:57Shares were down 23.88% at $89.40 during pre-market trading on Friday, according to Benzinga ProData.
01:07For all things money, visit Benzinga.com.
Comments