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Duolingo posts record Q4 revenue as demand for digital language learning soars

Shares dipped slightly after-hours despite results and an upbeat forecast.

2/27/25 5:23PM

Duo’s back on the map.

The company’s fourth-quarter revenue came in at an all-time high of $209.6 million, easily topping Wall Street’s estimates of $205.3 million. Daily active users also landed in line with expectations, hitting a record 40.5 million. Meanwhile, subscription bookings soared 50% from the same quarter last year, reaching $236.5 million for the first time.

Earnings per share weren’t disclosed, but are likely to land in a securities filing on Friday.

Go deeper: Our interview with Duolingo CEO Luis von Ahn.

Still, shares were down nearly 3% in after-hours trading. The dip comes after a strong 13% gain over the past month.

Duolingo offers both free and paid premium-tier accounts, with 40 languages to learn, including Korean, French, German, and even fictional languages like High Valyrian from “Game of Thrones.” The company highlighted its new video call feature as a key driver of success for its paid premium tier, since it helps bridge a critical gap of practicing speaking skills.

Duolingo’s popularity has soared in recent years thanks in part to its viral fame on TikTok, where it has nearly 17 million followers.

The company has also heavily leaned into AI, beefing up its premium subscriptions with new ChatGPT-powered features like personalized language lessons, real-time translations, and interactive chatbots. The effort is paying off: Duolingos paid subscribers have more than quadrupled since 2021.

Looking ahead, Duolingo expects first-quarter revenue to range between $220.5 million and $223.5 million, slightly above analysts’ estimates of $220.8 million.

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Rocket lab soars to new record close amid rally for retail faves

Rocket Lab ripped by roughly 10% Friday to close at a new all-time high, riding an upturn of retail enthusiasm for a coterie of tech-themed favorites, even as the broader market was more or less flat on the day.

Goldman Sachs’ basket of “retail favorites” — its heaviest weights are Reddit, AppLovin, and Tempus AI — was the second-biggest gainer among the company’s flagship US equity baskets on Friday, rising about 1.6%. The S&P was almost dead flat.

It’s not Rocket Lab’s first retail rodeo, as the money-losing company has more than doubled this year and is up nearly 700% over the last 12 months.

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Six Flags pops after reiterating its guidance as theme park attendance rebounds

Six Flags shares rose more than 7% today after the company reported a rebound in attendance and early season pass sales heading into the fall. The nine-week period ended August 31 saw 17.8 million guests, up about 2% from the same stretch last year, with stronger momentum in the final four weeks. 

More importantly, Six Flags reaffirmed its full-year adjusted EBITDA guidance of $860 million to $910 million, showing confidence that its cost and operations strategy can stay strong for the duration of the year. Riding that wave, Six Flags also said early 2026 season pass unit sales are pacing ahead of last year, and average season pass prices are up about 3%.

The good vibes come despite a drop in in-park per-capita spending, especially from admissions, where promotions and changes to attendance mix (which parks or days guests visit) have weighed. Earlier this week, the amusement giant signed a new agreement that extended its position as the exclusive amusement park partner for Peanuts™ in North America through 2030.

Despite the rally, Six Flags shares are down about 52% year to date.

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Rivian turns red on the year, squeezed by a recall and the looming end of the EV tax credit

Shares of EV maker Rivian are down more than 5% on Friday following the company’s recall of 24,214 vehicles due to a software issue. The stock move erases Rivian’s year-to-date gain and turns the company negative on the year.

Rivian’s 2025 model year R1S and R1T are affected by the defect, which was identified after a vehicle’s hands-free highway assist software failed to identify another vehicle on the road, causing a low-speed collision. Rivian said it’s released an over-the-air update to fix the issue.

The recall marks Rivian’s fifth this year, affecting nearly 70,000 of its vehicles.

Rivian’s shares are down more than 20% from their 2025 high, which came prior to the passage of President Trump’sbig, beautiful bill.” Through the legislation, the $7,500 EV tax credit is set to expire at the end of the month.

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