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Mar 31, 2022
Duolingo Q1 2022 Earnings Report
Announced record bookings and raised full year guidance.
Key Takeaways
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.
Total bookings were $102.1 million, an increase of 55% from the prior year quarter.
Subscription bookings were $78.5 million, an increase of 56% from the prior year quarter.
Paid Subscribers totaled 2.9 million at quarter end, an increase of 60% from the prior year quarter.
Total revenues were $81.2 million, an increase of 47% from the prior year quarter.
Revenue by Segment
Forward Guidance
Duolingo is providing the following guidance for the second quarter ending June 30, 2022 and the full year ending December 31, 2022:
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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