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Duolingo Shares Fall On Tepid Sales Outlook

Key Points

On Tepid Sales Outlook Duolingo Inc. shares fell as much as 12% on Wednesday after the company’s conservative revenue outlook for the current quarter overshadowed user growth. The language learning app said it expects revenue in the third quarter of $302 million, slightly below Wall Street expectations of roughly $304 million.

Duolingo Shares Fall On Tepid Sales Outlook Duolingo Inc. shares fell as much as 12% on Wednesday after the company’s conservative revenue outlook for the current quarter overshadowed user growth. The language learning app said it expects revenue in the third quarter of $302 million, slightly below Wall Street expectations of roughly $304 million.
Duolingo (ORG) Duolingo Inc. (ORG)
Originally published by Bloomberg Markets Read original →