Duolingo's lower-than-expected revenue forecast overshadows quarterly beat

Aug 5 : Duolingo forecast third-quarter revenue below Wall Street expectations on Wednesday, tempering optimism from its robust second quarter as the language-learning company bets stronger user engagement will fuel long-term growth.The company has been prioritizing user growth over near-term monetization this year, testing ways to increase subscription revenue without adding friction for its large base of free users.CEO Luis von Ahn said Duolingo now expects daily active user (DAU) growth to remain above 20 per cent for the rest of the year, reflecting product improvements, stronger retention and marketing efforts.DAU, a key measure of engagement, grew 23 per cent to 58.7 million during the second quarter, ahead of Visible Alpha estimates, although paid subscribers came in slightly below