Duolingo Full Year 2023 Earnings: EPS: US$0.38 (vs US$1.51 loss in FY 2022)
Duolingo (NASDAQ:DUOL) Full Year 2023 Results
Key Financial Results
Revenue: US$531.1m (up 44% from FY 2022).
Net income: US$16.1m (up from US$59.6m loss in FY 2022).
Profit margin: 3.0% (up from net loss in FY 2022). The move to profitability was driven by higher revenue.
EPS: US$0.38 (up from US$1.51 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Duolingo Earnings Insights
Looking ahead, revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Consumer Services industry in the US.
Performance of the American Consumer Services industry.
The company's shares are up 35% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 1 warning sign for Duolingo you should be aware of.
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