Duolingo Inc shares surged 19% on Friday after the company posted record user growth and rising demand for premium tiers such as Duolingo Max, fueling 38% revenue growth and improved profit margins.
The Pittsburgh-based company reported first-quarter revenue of $230.7 million, up 38% from a year earlier, while net income rose to $35.1 million from $27 million in the prior-year quarter.
Shares of Block Inc (NYSE:SQ) plunged more than 20% on Friday after the payments company posted a sharp miss on first-quarter earnings and revenue and cut its full-year profit guidance, raising fresh concerns about the growth prospects of its Cash App business.
The company reported earnings of $0.56 per share, well below Wall Street estimates of $0.97, while revenue fell to $5.77 billion, missing expectations of $6.19 billion.
Apple Inc (NASDAQ:AAPL, ETR:APC) is facing escalating tariff costs and shrinking product margins that could weigh heavily on future profits, prompting analysts at Jefferies to downgrade Apple shares to Underperform.
While Apple’s March-quarter results modestly exceeded Jefferies’ expectations, the firm said the company’s outlook and mounting tariff exposure signal further earnings risk ahead.
Shares of Reddit (NYSE:RDDT) jumped as much as 19% in after-hours trading on Thursday after the social media company posted better-than-expected first-quarter results and issued an upbeat outlook.
The company said daily active uniques (DAUq), its key user metric, grew 31% year-over-year to 108.1 million.