0945 GMT - Duolingo's efforts to drive customer engagement haven't yet come to fruition, Jefferies analysts write. The language-learning company reported expectation-beating revenue for the first quarter after market close Monday. However, a raft of initiatives aimed at driving improved engagement--including longer free trials and better subscription perks--are yet to translate into enhanced engagement and customer spending, the analysts say. Slower user growth in the U.S. is especially concerning as American users are more likely to spend money on the app, they say. Duolingo shares slide 13% premarket.(josephmichael.stonor@wsj.com)
(END) Dow Jones Newswires
May 05, 2026 05:46 ET (09:46 GMT)
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