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- Duolingo has posted its fifth straight profitable quarter.
- Its user growth in the past year could be attributed to its marketing tactics.
- Duolingo stock is down over 24% year-to-date due to inconsistent performance.
Gen Z's favorite language-learning app is on a streak of its own.
Duolingo just posted its fifth straight profitable quarter. It posted a net income of $24.4 million, an over 500% increase compared to the same period last year. Daily active users, one of the company's most important metrics, grew 59%, while paid subscribers grew by 52%, the company said in its second-quarter earnings report.