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Yahoo
2 days ago
- Business
- Yahoo
How Duolingo Stock Jumped 36% Thursday Morning
Key Points Duolingo crushed analyst expectations, both for earnings and revenue targets. The company is awaiting Chinese approval to launch its popular and lucrative AI-powered Max plan using a local AI model. A richer mix of premium subscriptions drove profitability higher. 10 stocks we like better than Duolingo › Language-learning expert Duolingo (NASDAQ: DUOL) aced its second-quarter report, sending its stock price as much as 36.2% higher on Thursday. By 1:20 p.m. ET, the stock had cooled down slightly to a 24% gain. Duolingo's financial report card shows straight "A"s The analyst consensus had called for earnings of approximately $0.58 per share on revenue near $241 million. Duolingo breezed past both targets with ease. Revenue rose 41% year over year to $252 million while earnings jumped 78% to $0.91 per diluted share. The number of daily active users rose 40% to 47.7 million. The number of paid subscribers increased by 37%, landing at 10.9 million accounts. Duolingo's growth story speaks fluent Mandarin Duolingo enjoyed a richer mix of premium service plans, in conjunction with strong growth across the digital learning platform. On the earnings call, CEO Luis von Ahn highlighted Asia as the fastest-growing region, with particular strength in China. The Duolingo Max plan is not yet available in that market due to strict regulations on artificial intelligence (AI) services, but Duolingo has done the paperwork and is waiting for approval to launch a Max plan in China that's based on a local large language model (LLM). If and when that request is approved, Duolingo's strongest growth market should generate even richer revenue streams. Duolingo's stock is still trading nearly 30% below May's all-time highs, but it's hard to complain when share prices are up 142% over the last 52 weeks. This stock isn't cheap, but Duolingo has earned every penny of that top-shelf valuation the hard way -- with a promising business model and impressive financial results. Do the experts think Duolingo is a buy right now? The Motley Fool's expert analyst team, drawing on years of investing experience and deep analysis of thousands of stocks, leverages our proprietary Moneyball AI investing database to uncover top opportunities. They've just revealed their to buy now — did Duolingo make the list? When our Stock Advisor analyst team has a stock recommendation, it can pay to listen. After all, Stock Advisor's total average return is up 1,046% vs. just 181% for the S&P — that is beating the market by 864.78%!* Imagine if you were a Stock Advisor member when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $635,544!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,099,758!* The 10 stocks that made the cut could produce monster returns in the coming years. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 4, 2025 Anders Bylund has positions in Duolingo. The Motley Fool recommends Duolingo. The Motley Fool has a disclosure policy. How Duolingo Stock Jumped 36% Thursday Morning was originally published by The Motley Fool Sign in to access your portfolio
Reuters
4 days ago
- Business
- Reuters
Hot South Korean summer drives surge in aircon sales, power demand
SEOUL, Aug 7 (Reuters) - Sweltering summers in South Korea are driving surging demand for air conditioners and electricity, with the country's electronics heavyweights pushing home upgrades by touting power-saving technology. Samsung Electronics' ( opens new tab domestic home AC sales grew by 50% in the first quarter of 2025 ended March compared to the same period last year, while rival LG Electronics ( opens new tab recorded 60% higher domestic sales in the same stretch ahead of a hotter-than-expected summer. Sales have boomed despite government estimates that 98% of households in the country of 51 million people already have air conditioning, as the companies charm consumers by marketing improved cooling and energy efficiency, and AI-powered models. "We expect the favorable trend in global air conditioner sales to continue, driven by growing demand for eco-friendly and high-efficiency products due to ongoing climate change," Samsung told Reuters in a statement, without giving specific sales details. LG said it expects its air conditioner business to keep growing this year as customers replace old units with more efficient models. Temperatures in Seoul have hit record highs this summer, reaching 37.8 degrees Celsius (100.4 Fahrenheit) in early July, before the traditional hottest month of August. Longer, stronger heatwaves are driving AC sales globally and cooling is expected to account for a significant amount of the global growth in power demand over the next decade. Global power demand for cooling systems is set to rise by around 1,200 terawatt hours by 2035, outstripping a projected 800 TWh increase in demand from data centres, according to the International Energy Agency (IEA). The global air conditioner market is projected to grow at an average of 6.3% annually through 2032 to $257.2 billion, according to Renub Research. The IEA expects 50% of households to have air conditioners by 2035, compared with 36% in 2022. This year, LG operated its air conditioner production line above full capacity, while Samsung started operating at full capacity 10 days earlier than usual, according to their websites. South Korea's energy ministry has warned of record electricity usage straining the power grid, with peak demand potentially hitting a record 97.8 GW between 5 p.m. and 6 p.m. on weekdays in the second week of August, mainly from AC use. The sticky nature of air-conditioning power demand - which officials say stays high once it rises - has pushed South Korea to shore up power reserves, boost imports of coal, and put underused power plants running on the fuel on standby. Residential air conditioning made up 16% of annual power demand in South Korea last year, compared with 14% before the pandemic. Government officials are also distributing energy vouchers and relaxing tariffs to aid air conditioning use among low-income groups.
Yahoo
5 days ago
- Business
- Yahoo
Invenda Group Appoints Bjoern Schuster as New COO to Accelerate Global Expansion
Invenda's leadership team is strengthened by the addition of a seasoned operations executive to drive its next growth phase New appointment will focus on accelerating the global scaling of Invenda's AI-powered automated retail platform Strategic role in driving core business growth, organizational development, and high-level deal-making Alpnach, Switzerland--(Newsfile Corp. - August 6, 2025) - Invenda Group AG, the Swiss software company transforming automated retail, today announced the appointment of Bjoern Schuster as its new Chief Operating Officer. In this newly created position, Schuster will be responsible for scaling Invenda's core business, elevating the company's organizational development to the next level, and driving strategic deal-making to solidify its market leadership further. Bjoern Schuster brings to Invenda a strong background in operational leadership, with a proven track record of scaling businesses and building high-performing teams. His leadership style is known for effectively connecting strategic vision with operational discipline. This method has consistently helped him build scalable systems, enhance team capabilities, and promote sustainable growth, making him an ideal choice to lead Invenda's operational future as the company continues to expand globally. Anton von Rueden, the new CEO of Invenda Group, said: "Bjoern Schuster has an impressive track record of leading technology-driven companies through rapid growth. His extensive experience in building scalable systems and promoting operational excellence will be crucial as we speed up Invenda's international expansion. We are pleased to welcome an expert of Bjoern's caliber to our leadership team." Bjoern Schuster expressed his excitement about the new role: "I have dedicated my career to building and scaling operations for innovative technology companies. Invenda Group is pioneering the future of retail with a truly disruptive approach. The automated retail industry is at a pivotal moment, ready for the kind of groundbreaking changes we've seen in other tech sectors. I look forward to applying my experience to help advance this vision and achieve sustained international success." For more information about Invenda Group's innovative approach to automated retail and partnership opportunities, visit Download high-resolution image material free of charge for media use: About Invenda Group AG Invenda Group AG is a Swiss software company transforming automated retail and digital out-of-home (DOOH) advertising through its proprietary AI-powered platform. Invenda's technology connects and automates networks of smart vending machines, micro markets, and digital screens-enabling operators and brands to optimize operations, access real-time data, and unlock new revenue streams through location-based e-commerce and targeted advertising. Headquartered in Alpnach, Switzerland, Invenda has locations in Berlin, New York, Miami, Hong Kong, Sofia, and Novi Sad. The company supports deployments in 22 countries and partners with global leaders. For more information, please visit: Press Contact Invenda Group AGCorporate CommunicationsJoachim M. GuentertIndustriestrasse 236055 Alpnach, SwitzerlandTel.: +41 (0)44 586 00 33media@ To view the source version of this press release, please visit Sign in to access your portfolio
Emirates 24/7
5 days ago
- Automotive
- Emirates 24/7
Parkonic and Salik Launch Region's First Fully AI-Powered Autonomous Parking Solution Across Iconic Communities
Parkonic, the UAE's leading smart parking solutions provider, and Salik Company PJSC (Salik) , Dubai's exclusive toll gate operator, today announced a landmark partnership with Dubai Holding, a diversified global investment company with investments in more than 30 countries, to roll out the region's first fully autonomous, AI-powered on-street and off-street parking solution across iconic communities in Dubai—covering a total of more than 36,000 parking spaces. Fully aligned with Dubai's Smart City 2030 and Future Mobility Vision, this collaboration brings to life a ticketless and barrier-free parking solution without manual inspection. Powered by Parkonic's advanced artificial intelligence and software platforms and enabled by Salik's seamless payment solution, the system provides frictionless exit, delivering a truly zero-interaction customer experience. Parkonic's game-changing solution is fully integrated with Salik's advanced payment infrastructure, enabling instant, cashless, and automatic payment capabilities that align with Dubai's broader intelligent mobility vision. Parkonic and Salik's ecosystem integration ensures a seamless customer journey through facilitating ease of movement and eliminating the causes of fines or citations which stem from overstays; representing a significant step toward connected mobility infrastructure in Dubai. Through this partnership, residents and visitors in these communities will be the first to benefit from the smart parking infrastructure, experiencing enhanced mobility, efficiency and accessibility. 'This partnership is a milestone for urban mobility in Dubai. Together with Salik and Dubai Holding, we're building a future where parking is seamless, intelligent, and user-centric. Dubai Holding's trust in Parkonic reflects our innovation and dedication. This collaboration goes beyond parking—it's about preparing for autonomous vehicles, AI-driven services, and a fully integrated mobility ecosystem. Dubai is leading the way, and Parkonic is proud to be at its core.' said Imad Alameddine, CEO of Parkonic. The project aims to reduce congestion, cut carbon emissions, and directly support Dubai's Net Zero goals, while enhancing the overall customer experience. Proudly developed and operated in the UAE, this partnership between Parkonic and Salik sets a new benchmark in future-ready urban design, featuring multilingual interfaces and automatic billing, no manual interaction necessary. About Parkonic: Parkonic is the largest private parking operator in the UAE, and is the country's leading smart parking solutions provider, pioneering AI-powered systems that transform urban mobility and parking across the region. About Salik Company PJSC: The Company was established in its current form, as a public joint stock company in June 2022 pursuant to Law No. (12) of 2022. 'Salik', which means 'seamless mobility' in Arabic, is Dubai's exclusive toll gate operator and manages the Emirate of Dubai's automatic toll gates utilizing Radio-Frequency-Identification (RFID) and Automatic-Number-Plate-Recognition (ANPR) technologies. The Company currently operates exclusively all the toll gates located at strategic junctures, especially on Sheikh Zayed Road, which is considered the main road in Dubai. Salik listed on the Dubai Financial Market (DFM) on 29th September 2022. Under a 49-year concession agreement (ending in 2071), with the Roads and Transport Authority (RTA), Salik has the exclusive right to operate existing and any future toll gates in Dubai.
Khaleej Times
6 days ago
- Automotive
- Khaleej Times
Dubai: Now you can pay for on-street, off-street parking through Salik
Car owners in Dubai will be able to pay for on-street, off-street parking through Salik, as part of a new agreement signed on Tuesday. The newly signed agreement between Parkonic, a smart parking solutions provider, and Salik Company aims to roll out fully AI-powered and autonomous parking solutions across the emirate. The initiative, which will be will be covering 36,000 parking spaces in Dubai's iconic communities, will allow motorists instant, cashless, and automatic payment capabilities, Parkonic said in a statement. It effectively means barrierless and ticketless parking process with zero human intervention. Earlier today, Parkin, another parking provider in Dubai, said that it will be rolling out paid parking spaces in key communities across the city as it partners up with Dubai Holding. Under the new agreement, Parkin will operate and manage 29,600 paid parking spaces. "This partnership is a milestone for urban mobility in Dubai. Together with Salik and Dubai Holding, we're building a future where parking is seamless, intelligent, and user-centric," Parkonic said in a statement. The project is aimed at reducing congestion, cutting carbon emissions, and directly supporting Dubai's Net Zero goals.
