Edtech Firm Duolingo Goes Beyond Language, Forays Developing Music App

Language learning app Duolingo, Inc DUOL is working on a music app.
Duolingo currently has a small team working on a music product and is hiring a learning scientist who is an “expert in music education who combines both theoretical knowledge of relevant learning science research and hands-on teaching experience,” according to a job posting, TechCrunch reports.
Duolingo also posted a job soliciting a freelance music composition and curricular consultant.
The job listing indicates it will teach basic concepts in music theory by tapping popular songs and teachers.
Duolingo has slowly evolved beyond language learning into several auxiliary new projects like the Duolingo English Test, Duolingo English Test, and Duolingo Math that may represent significant revenue streams.
Language, math, and music in Duolingo all require users to know the basics as it focuses on building blocks, instead of specific mastery, as a way to learn a skill.
Duolingo chief business officer Bob Meese is an investor in Trala, a tech company that offers virtual violin lessons.
In February, Duolingo reported quarterly losses of 35 cents per share, which beat the consensus estimate of a loss of 53 cents by 33.96 percent. The company also reported quarterly sales of $103.82 million, beating the consensus estimate of $99.89 million. This sales figure is a 42.2% percent increase over sales of $73.01 million in the same period last year.
Price Action: DUOL shares are trading lower by 2.39% at $126.32 premarket on the last check Tuesday.

Market News and Data brought to you by Benzinga APIs

The Only Monthly Membership With a Positive ROI!

-

-

-

-

-

-

-

The Only Monthly Membership With a Positive ROI!

-

-

-

-

-

-

-

Comments