DUOL•Duolingo shares rose 19.2% premarket after it forecast 2026 revenue of $1.22 billion, slightly above analysts’ $1.21 billion estimate. Third-quarter revenue was $309 million and bookings were $316.1 million.
Duolingo forecast 2026 revenue of $1.22 billion, slightly above analysts’ estimate of $1.21 billion. Third-quarter revenue of $309 million beat the $303.2 million estimate, while bookings rose to $316.1 million from $281.9 million a year earlier.
Daily average users grew 29% year over year in the third quarter, CEO Luis von Ahn said. At least nine brokerages raised their price targets following the results. Wells Fargo upgraded the stock to equal weight from underweight and raised its target to $120 from $80.
