Duolingo shares jumped around 10% in early Thursday trading after the company reported quarterly earnings and guidance above consensus expectations.
Total bookings in the quarter were $153.6 million, rising 49% from the prior-year quarter, while subscription bookings were $121.3 million, an increase of 54%. "We exceeded our own high expectations this quarter, accelerating user growth and delivering impressive bookings and revenue growth,” said Luis von Ahn, Co-Founder and CEO of Duolingo.