Duolingo Q2 2022 Earnings Report
Key Takeaways
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%.
Total bookings increased by 51% year-over-year to $97.5 million.
Subscription bookings increased by 51% year-over-year to $74.1 million.
Paid subscribers increased by 71% year-over-year, reaching 3.3 million.
Total revenues increased by 50% year-over-year to $88.4 million.
Duolingo
Duolingo
Forward Guidance
Duolingo provided guidance for the third quarter and full year 2022. For the third quarter, the company expects total bookings between $94.0 million and $97.0 million, and revenues between $93.0 million and $96.0 million. For the full year, the company expects total bookings between $404.0 million and $410.0 million, and revenues between $361.0 million and $367.0 million.