Duolingo beat Q2 estimates as revenues, daily users and paid subscribers grow, while lower AI costs support a higher profitability outlook.
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Duolingo Inc. (NASDAQ:DUOL) shares dropped more than 9% in premarket trading on Thursday after the language-learning platform issued third-quarter revenue guidance that came in below Wall Street expectations, overshadowing stronger-than-expected second-quarter earnings.
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Investors focused on slowing bookings despite another earnings beat