Duolingo Stock Jumps, But the Real Test Is Bookings
Duolingo shares rose 7.4% Thursday afternoon to $112.81 after first-quarter results showed revenue up 27% to $292 million and net income of $43.5 million. Daily active users reached 56.5 million, up 21%. The company forecast slower bookings growth, guiding to $283.5 million for the second quarter, as it ramps up AI investment and content expansion.