Duolingo (NASDAQ:DUOL) reported its Q1 earnings results on Tuesday, May 9, 2023 at 04:01 PM.
Here’s what investors need to know about the announcement.
Earnings
Duolingo beat estimated earnings by 73.91%, reporting an EPS of $-0.06 versus an estimate of $-0.23.
Revenue was up $34.44 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.18 which was followed by a 22.24% increase in the share price the next day.
Here’s a look at Duolingo’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | -0.53 | -0.55 | -0.51 | -0.57 |
| EPS Actual | -0.35 | -0.46 | -0.38 | -0.31 |
| Revenue Estimate | 99.89M | 95.24M | 85.73M | 77.44M |
| Revenue Actual | 103.82M | 96.06M | 88.39M | 81.22M |
To track all earnings releases for Duolingo visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
