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Duolingo shares surge 26% on Wednesday following user spike

The Motley Fool +1 · ·by G4L

DUOL
DUOL Duolingo Inc
$154.25 -3.85%
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  1. 1Duolingo's daily active users (DAU) grew by 29% in the third quarter.
  2. 2Duolingo's daily active users (DAU) reached 64.9 million in the third quarter.
  3. 3Duolingo raised its annual financial outlook, forecasting 2026 revenue to increase 18% to $1.2 billion.

So what's the key point?

The number of people using Duolingo every day has grown to 64.9 million. The stock price rose significantly as revenue is expected to increase further in the future.

Source The Motley Fool +1 · View original ↗

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