Loading...
•
Jun 30, 2021
Duolingo Q2 2021 Earnings Report
Financial results for the quarter ended June 30, 2021 were announced.
Key Takeaways
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.
Total revenues increased by 47% from the prior year quarter to $58.8 million.
Gross Profit increased by 51% from the prior year quarter to $42.7 million.
Paid Subscribers increased 46% from the prior year to 1.9 million.
Total bookings were $64.5 million, an increase of 30% from the prior year quarter.
Forward Guidance
Duolingo provided guidance for the third quarter and full year 2021.
Positive Outlook
- Third Quarter 2021 Total Bookings are expected to be between $63.0 million and $66.0 million.
- Third Quarter 2021 Revenues are expected to be between $58.5 million and $61.5 million.
- Full Year 2021 Total Bookings are expected to be between $267 million and $273 million.
- Full Year 2021 Revenues are expected to be between $236 million and $242 million.
- Adjusted EBITDA is expected to improve in the full year 2021 compared to the third quarter 2021.
Challenges Ahead
- Third Quarter 2021 Adjusted EBITDA is expected to be between $(12.0) million and $(8.0) million.
- Full Year 2021 Adjusted EBITDA is expected to be between $(14) million and $(8) million.
- The quantification of certain items included in the calculation of GAAP net earnings (loss) cannot be calculated or predicted at this time without unreasonable efforts.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...