Duolingo stock holds steady as Wolfe Research maintains Peerperform rating

Published 07/08/2025, 11:34
Duolingo stock holds steady as Wolfe Research maintains Peerperform rating

Investing.com - Wolfe Research has reiterated its Peerperform rating on Duolingo Inc. (NASDAQ:DUOL), the language-learning platform with a market capitalization of $15.62 billion, following quarterly results that exceeded expectations. According to InvestingPro analysis, the company currently trades above its Fair Value, reflecting investor optimism about its growth trajectory.

The company reported bookings that beat forecasts by 9%, driven by foreign exchange benefits, advertising revenue, and strong performance of its Super subscription plans. EBITDA results surpassed expectations by 29%, demonstrating robust financial performance despite concerns. The company maintains impressive gross profit margins of 72.25% and has achieved revenue growth of 39.14% over the last twelve months.

Duolingo raised its third-quarter guidance by 1% for both bookings and EBITDA, while also increasing its full-year 2025 guidance by low to mid-single digit percentages for bookings, revenue, and EBITDA at their respective midpoints. Wolfe Research believes this updated guidance is conservative.

User metrics remained strong with daily active users (DAUs) growing 40% year-over-year despite facing headwinds from previous AI commentary backlash in the US market. Average revenue per user increased 6% year-over-year, driven by subscription mix improvements from Super plan outperformance, though partially offset by slower-than-expected adoption of the Max subscription tier.

Paid subscribers grew 37% year-over-year to 10.9 million, representing approximately 600,000 net additions in line with the previous quarter, while Max penetration reached 8% compared to 7% in Q1. The company plans to reinvest its EBITDA outperformance into marketing and hiring to address slowing US growth.

In other recent news, Duolingo Inc. has reported impressive second-quarter 2025 results, with earnings per share (EPS) reaching $0.91, significantly exceeding the forecasted $0.58. The company’s revenue also surpassed expectations, totaling $252.3 million compared to the anticipated $240.73 million. This strong performance was further highlighted by a 29% adjusted EBITDA beat versus consensus estimates, driven by better-than-expected subscriber additions and an increase in average revenue per user. Raymond (NSE:RYMD) James maintained its Market Perform rating on Duolingo, while Needham reiterated its Buy rating and set a price target of $460.00, citing the company’s robust results. Duolingo’s bookings exceeded expectations by 9%, aided by a favorable foreign exchange environment and an optimistic outlook for the latter half of 2025. These developments reflect the company’s effective leverage across its profit and loss statement, contributing to its strong financial performance.

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