Duolingo shares drop after bookings outlook lags estimates amid strategy shift


FILE PHOTO: Woman with her smartphone poses in front of displayed Duolingo logo in this illustration taken, June 29, 2021. REUTERS/Dado Ruvic/Illustration/File Photo

Feb ⁠25 (Reuters) - Duolingo forecast first-quarter and 2026 bookings below expectations on Thursday as it shifts ⁠strategy toward faster user growth, a move it said will weigh on bookings ‌growth and profitability this year, sending the company's shares down more 23% after hours.

As part of the push, the language learning app said it will expand access to its artificial intelligence-powered "Video Call with Lily" feature by adding it to its ​Super Duolingo subscription, rather than limiting it to the premium ⁠Max tier.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Burger King tests AI headsets to detect 'welcome,' 'thank you' responses
Australian supermarket giant reins in AI assistant claiming to be human
Where AI lives: Southeast Asia's data centre boom
Binance cannot arbitrate customer claims over crypto losses, US judge rules
UK activists plan protests over climate, social impacts of AI data centres
Meta signs multi-billion-dollar deal to rent Google AI chips, The Information reports
OpenAI outlines steps to boost safety measures in response to Canada school shooting
Anthropic cannot accede to Pentagon's request in AI safeguards dispute, CEO says
Netflix declines to raise offer for Warner Bros
Jack Dorsey’s Block to cut nearly half its workforce in AI overhaul, shares surge

Others Also Read