7 Key Takeaways from Duolingo's Q3 Results
Investors are likely concerned about Duolingo's lack of GAAP profitability, but Duolingo has many levers to increase profit margins over the coming quarters.
Dear readers,
Please see below the link for an exclusive article I published last night on Seeking Alpha about Duolingo’s (NASDAQ:DUOL) impressive Q3 results.
7 Key Takeaways from Duolingo’s Q3 Results
Some highlights below:
Another strong q from Duolingo #DUOL
- User growth accelerated for the 5th consecutive q
- 51% rev growth (75% is subscription rev)
- 6% FCF margin
- 554m cash w/ no debt
- 4.9x FY23 rev multiple
Why unprofitable? High SBC + R&D spend. More below 👇
seekingalpha.com/article/455866…
Cheers,
Jordan