Duolingo (DUOL) plunged 21% premarket Thursday after management said it would boost spending to drive long-term user growth, sparking margin concerns. Q3 revenue jumped 41% year-over-year to $271.7 million, beating estimates, but investors expressed concerns about profitability. CEO Luis von Ahn said the company is prioritizing strategic investments. Shares are down 20% year-to-date.
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03:09 pm on
06 Nov