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DUOL · Analysis updated Nov 4, 2026, 9:01 AM ET
Why is Duolingo (DUOL) stock moving?
Duolingo reported Q3 after the close on Nov 3. Revenue was $309M, up 13.7% and about $6M above consensus. Daily active users grew 29%, accelerating from 23% in Q2. Management raised its full-year outlook and guided Q4 revenue above Street estimates. GAAP EPS of $0.54 slightly missed. Shares fell 5.4% to $128.00 on Nov 3 on roughly double normal volume ahead of the report. They were then quoted about 11-14% higher in extended and premarket trading, near $143-146. That would retrace most of the recent slide: the stock fell from about $149 in mid-October and is down roughly 51% over one year. Management says it will gradually shift emphasis toward bookings growth in 2027, which could ease the worry that user growth isn't being monetized. Risks remain: lawsuits over past user-growth and AI disclosures, a Hold-leaning analyst consensus, high volatility, and a history of post-earnings gains fading. Valuation looks modest at about 15x trailing earnings, and the company holds net cash of about $1B.
News behind the analysis
- Why Is Duolingo Stock Soaring Wednesday?Shares jumped about 14% premarket after Q3 revenue beat, DAU growth accelerating to 29%, and a raised full-year outlook. Q4 revenue guidance came in above Street estimates.
- Duolingo (DUOL) Q3 Earnings Beat Revenue Estimates, Shares Jump 12%Q3 revenue was $309M, up 13.7% year over year and about $6M above consensus. GAAP EPS of $0.54 missed by $0.02.
- Duolingo Reports Third Quarter 2026 ResultsThe CEO said DAU growth accelerated to 29% and that all key financial metrics beat expectations. The company plans to gradually add more focus on growing bookings.
- Earnings To Watch: Duolingo Inc (DUOL) Q3 2026Ahead of the report, consensus was $303.23M revenue and $0.57 EPS. Estimates for full-year 2026 EPS had risen to $2.99 over 90 days.
- Duolingo Q3 2026 shareholder letter (8-K)The company's Q3 shareholder letter and webcast materials were published alongside the results.
- Duolingo Stock Price and QuoteAfter-hours quotes showed shares up about 11.5% from the $128.00 close, which was down 5.4% on the day. The 52-week range is $87.89 to $279.98.
- Duolingo: DUOL Stock Price Quote & NewsShares traded between $125.12 and $144.88 on Nov 4. Volume ran above average. Coverage notes class action lawsuits over user growth and AI statements.