![]() It has put a lot of marketing behind the branding of its new subscription product, Super Duolingo, with a lot of new features like Explain My Answer that are intended to replicate what a human language tutor might be able to provide. Even among general malaise in the subscription-services industry (with Netflix ( NFLX ) ending password-sharing and Disney ( DIS ) raising the prices of both Disney+ and Hulu), Duolingo has so far avoided any negative consequences (many including myself had feared that if consumers allocated more money toward streaming services, they would review their monthly expenses more carefully and cut out apps like Duolingo if not heavily used).īut looking ahead, I still have two primary concerns: a lack of real growth drivers plus a massive valuation.ĭuolingo has succeeded recently in converting a lot of users into paid subscribers. ![]() ![]() In my personal view, the company has executed tremendously well against a tough backdrop. My outlook on Duolingo throughout the rest of the year remains bearish. Still, the stock is below June highs - though we can't discount the fact that it has more than doubled year to date. The language-learning app posted an admirable beat-and-raise quarter that saw acceleration in top-line metrics plus generous margin increases. The cause here: with valuations having soared since the start of the year, most stocks were already priced for perfection - and anything less than perfect got walloped post-earnings.ĭuolingo ( NASDAQ: DUOL) is a great example here. Earnings season is well underway, and though most companies have reported tremendous beats to guidance and expectations, Wall Street's reactions have been relatively muted. We're starting to see the foundations of the tech rally begin to crack.
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