3 Takeaways From Duolingo's Earnings Report

Language learning app Duolingo (NASDAQ: DUOL) went public in July with a huge initial public offering. According to Reuters, the original range for the pricing of Duolingo's IPO was $85 per share to $95 per share. However, there was so much demand that the IPO eventually priced at $102 per share and the stock has already traded over $150 per share in its short time on the public market.

It's clear there's a lot of optimism from Wall Street and Main Street alike regarding Duolingo's long-term prospects. And it's easy to understand why -- 2020 was a great year for its business. However, now that it's a public company, it's important to see if ongoing business results are trending in the right direction. Duolingo just reported its quarterly financial results for the first time as a public company. Here are three encouraging trends investors should know about.

Image source: Duolingo.

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Source Fool.com