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Jun 30, 2022
Duolingo Q2 2022 Earnings Report
Results for the second quarter ended June 30, 2022, were announced, demonstrating accelerating user growth and strength across the entire business.
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.
Revenue by Segment
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.
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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