Duolingo stock plunges 27% on light guidance as company prioritizes user growth
1. Duolingo stock declined 27% due to disappointing guidance. 2. CEO emphasizes long-term user growth over near-term monetization. 3. Revenue grew 41%, surpassing $260 million estimate. 4. Paid subscribers reached 11.5 million, exceeding expectations. 5. Annual revenue guidance increased to $1.0275-$1.0315 billion.