Duolingo Sinks as User Growth Slows by Most Since 2022
- Shares fell as much as 16% after user growth failed to impress
- Higher-priced subscription tier, new family plan drive sales
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Duolingo Inc. shares slumped after the education software provider’s quarterly report showed it had gained new users at the slowest rate since the third quarter of 2022.
The company said daily active users (DAU) rose 55% to 31.4 million, more than double what it was 18 months ago, but only narrowly above the average analysts’ projection of 31.1 million.