|Bid||0.00 x 1300|
|Ask||0.00 x 900|
|Day's Range||97.00 - 103.00|
|52 Week Range||60.50 - 204.99|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 04, 2022|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||116.13|
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Duolingo (NASDAQ: DUOL) stock has been a safe place for investors in 2022, at least compared to the broader market. The outperformance is due to Duolingo's resilient business, which has performed well even in the face of soaring inflation and rising interest rates. The company has grown to become the largest digital language education provider in the world with more than 500 million downloads across its mobile applications.
Today after market close, we released our quarterly shareholder letter with our Q2 results and commentary which you can find on our IR website at investors.duolingo.com. With me today are Luis von Ahn, our co-founder and CEO; Matt Skaruppa, CFO; and Bob Meese, our chief business officer.
Per CEO and Co-Founder Luis von Ah, the continued use of A/B testing on the platform by the company's engineers is responsible not only for this growth but also for future enhancements and features to come.