Duolingo Surges as AI Content, New Courses Attract Users
- Daily active users up 65% to 26.9 million in fourth quarter
- Growth expected to slow this year despite AI expansion
Photographer: Gabby Jones/Bloomberg
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Duolingo Inc. jumped the most in nearly two years after its earnings and outlook beat analyst expectations, with its embrace of artificial intelligence lowering costs and an expansion into math and music courses attracting new learners.
Fourth-quarter profit was 26 cents per share on sales of $151 million, according to a statement Wednesday. Analysts expected 16 cents on sales of $148 million. Daily active users rose 65% to 26.9 million, above an expected 25.1 million.