Duolingo Earnings Reports

Duolingo surpassed 50 million daily users and delivered $271.7 million in revenue. Net income surged due to a one-time tax-related gain, while strong subscriber and bookings growth supported a record Adjusted EBITDA.

Duolingo saw revenue rise 41% to $252.3 M and net income more than doubled to $44.8 M, driven by 40% DAU growth and robust subscription bookings.

Duolingo reported a robust Q1 FY25 with 38% revenue growth year-over-year, driven by strong paid subscriber growth and adoption of premium tiers like Duolingo Max. The company also saw record high user engagement and improved profitability metrics.

Duolingo reported strong Q4 2024 results with revenue growing 39% YoY to $209.6 million. GAAP EPS was $0.32, while non-GAAP EPS was not provided. Operating income increased to $13.88 million, and free cash flow surged to $87.8 million, reflecting a 42% free cash flow margin. Paid subscribers reached 9.5 million, up 43% YoY, driving record total bookings of $271.6 million.

Duolingo reported a strong third quarter in 2024, with significant increases in daily active users (DAUs), paid subscribers, and total revenue. Total revenues increased by 40% year-over-year, and the company saw a substantial rise in net income.

Duolingo reported a strong second quarter in 2024, marked by significant growth in MAUs, DAUs, paid subscribers, and revenue. The company exceeded 100 million MAUs and saw a substantial increase in net income and free cash flow compared to the prior year quarter.

Duolingo reported a 45% increase in revenue and record profitability in Q1 2024. Total revenue reached $167.6 million, with net income at $27.0 million. The company's strong performance has led to an increased full-year guidance.

Duolingo's Q4 2023 saw a 65% increase in DAU, a 45% increase in revenue, and record profitability. Total revenues were $151.0 million, a 45% increase from the prior year quarter, and net income totaled $12.1 million, compared to a net loss of $13.9 million in the prior year quarter.

Duolingo reported a 43% increase in total revenue, reaching $137.6 million, and a significant rise in paid subscribers, totaling 5.8 million. The company's daily active users (DAUs) grew by 63%, and monthly active users (MAUs) increased by 47%. Net income was $2.8 million, a substantial improvement compared to the previous year's net loss.

Duolingo reported a 62% increase in DAU, a 44% increase in revenue, and stronger profitability in Q2 2023. Total revenues were $126.8 million, an increase of 44% from the prior year quarter and net income totaled $3.7 million, compared to a net loss of $15.0 million in the prior year quarter.

Duolingo reported a strong first quarter in 2023, with significant growth in DAUs, revenue, and paid subscribers. The company also saw increased profitability and raised its full-year guidance.

Duolingo reported a strong Q4 2022 with a 42% increase in total revenue, driven by growth in subscription bookings and paid subscribers. The company also saw significant growth in daily and monthly active users.

Duolingo reported a strong third quarter with significant growth in users, engagement, and subscriptions. Total bookings and revenue reached record levels, driven by the increasing popularity of Super Duolingo. The company has raised its full-year guidance.

Duolingo reported a strong second quarter with a 51% increase in total bookings and a 50% increase in total revenues compared to the prior year quarter. User growth accelerated, with MAUs increasing by 31% and DAUs increasing by 44%.

Duolingo reported a strong first quarter with accelerating user growth, record quarterly bookings, and strong margins. Total revenues were $81.2 million, an increase of 47% from the prior year quarter.

Duolingo reported a strong Q4 2021, marked by accelerated user growth and a record number of net subscriber additions. Total revenue increased by 51% year-over-year, driven by growth in subscription bookings. The company's focus on engaging and effective learning, along with new product initiatives, contributed to the positive results.

Duolingo's Q3 2021 saw a 40% increase in total revenues to $63.6 million, driven by subscription revenue growth. Total bookings increased by 57% to $73.1 million and paid subscribers reached 2.2 million, a 49% increase. However, the company experienced a net loss of $29.0 million, compared to a net loss of $3.2 million in the prior year quarter, largely due to IPO-related costs.

Duolingo's Q2 2021 saw a 47% increase in total revenues to $58.8 million, a gross profit increase of 51% to $42.7 million. Paid subscribers increased by 46% to 1.9 million. However, the company experienced a net loss of $176 thousand, compared to a net income of $40 thousand in the prior year quarter.