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Duolingo Credits GenAI for 54% Leap in Paid Subscribers
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Matt-skaruppaWall-street-journalDuolingo forecast 2024 revenue in a range of $717.5 million to $729.5 million, blowing past analysts' average estimate of $699.3 million, according to LSEG data. The language learning market is increasingly shifting to online modes with Duolingo having emerged as a clear leader with its "freemium" model, according to a note from Seaport Global. It has also successfully leveraged generative artificial intelligence (GenAI) in its offerings, analysts said.
BengaluruKarnatakaIndiaMatt-skaruppaDuolingo-maxTasim-zahidDan-coatsworthArsheeya-bajwaReuters