Duolingo’s stock soars more than 20% after ‘record’ bookings, quarterly profit

Duolingo Inc. shares
DUOL,
+0.48%
jumped more than 20% in the extended session Wednesday after the learning company said that a “record” fourth quarter capped an “exceptional” year thanks to record bookings, revenue and profitability. Duolingo said that its daily active users rose 65% year on year and monthly active users rose 46% also year on year. Revenue rose 45% to $151.0 million. The company earned $12.1 million, or 26 cents a share, versus a loss of $13.9 million, or 35 cents a share, in the prior-year quarter. Analysts polled by FactSet expected the company to report earnings of 4 cents a share on sales of $148 million. Shares of Duolingo ended the regular trading day up 0.5%.