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Duolingo Stock Surges 36% on Strong Q2 Earnings, Asian Growth Potential
Duolingo Stock Surges 36% on Strong Q2 Earnings, Asian Growth Potential
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BTCCSquare news:
Duolingo shares skyrocketed as much as 36.2% Thursday morning after crushing Q2 expectations, with revenue climbing 41% to $252 million and earnings nearly doubling. The language-learning platform now boasts 47.7 million daily active users and 10.9 million paying subscribers, demonstrating remarkable 40% and 37% year-over-year growth respectively.
Asia emerges as the company's fastest-growing market, particularly China where CEO Luis von Ahn anticipates further expansion pending regulatory approval for an AI-powered Max plan. While currently trading 30% below May's peak, Duolingo's ability to monetize its user base through premium services suggests sustained growth potential in key markets.
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