Duolingo (DUOL) Q1 CY2024 Highlights:
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Revenue: $167.6 million vs analyst estimates of $165.7 million (1.1% beat)
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EPS: $0.57 vs analyst estimates of $0.26 (117% beat)
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Revenue Guidance for Q2 CY2024 is $176.3 million at the midpoint, roughly in line with what analysts were expecting
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The company lifted its revenue guidance for the full year from $723.5 million to $731 million at the midpoint, a 1% increase
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Gross Margin (GAAP): 73%, in line with the same quarter last year
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Free Cash Flow of $79.62 million, up 67% from the previous quarter
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Paid Subscribers: 7.4 million
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Market Capitalization: $10.72 billion
