Duolingo Surges +20%, PubMatic +19% After Strong Financial Reports

Duolingo and PubMatic reported their financial results, showcasing significant growth. Duolingo's Q4 2023 results revealed a 26.9 million daily active user count, a 65% increase year-over-year, with a revenue of $151.0 million, marking a 45% growth from the previous year. The company achieved an adjusted EBITDA of $35.2 million, translating to a 23.3% margin. Duolingo's 2024 revenue forecast has surpassed estimates, with the company beating earnings by $0.22 per share and guiding Q1 and FY24 revenues above consensus, indicating a more than 20% surge in premarket trading. PubMatic's stock surged +19%, following an announcement of an 11% after-hours increase. The company reported a 22% net profit margin and a 46% adjusted EBITDA margin for Q4, with a 38% increase in free cash flow in 2023. PubMatic also announced healthy revenue growth for 2024 and increased their buyback authorization.