Duolingo: Q1 Earnings Insights

Duolingo 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.

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.

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.