Duolingo is trading 6.92% down now at $125.96 after investors focused on weaker-than-expected Q3 revenue guidance following the August 5 earnings report.
- Q2 revenue reached $298.5 million, beating estimates, while DAUs grew 23% to 58.7 million
- Q3 revenue guidance of $302 million trailed expectations near $304 million
- Management emphasized user growth and AI investment over near-term monetization, pressuring margins