Loading...
•
Jun 30, 2023
Duolingo Q2 2023 Earnings Report
Duolingo's Q2 2023 results demonstrated strong user growth and excellent financial performance, with increased profitability.
Key Takeaways
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.
Total bookings were $137.5 million, an increase of 41% from the prior year quarter.
Subscription bookings were $106.3 million, an increase of 43% from the prior year quarter.
Paid Subscribers totaled 5.2 million at quarter end, an increase of 59% from the prior year quarter.
Monthly active users (MAUs) grew 50% to 74.1 million and Daily active users (DAUs) grew 62% to 21.4 million from the prior year quarter.
Revenue by Segment
Forward Guidance
Duolingo is providing the following guidance for the third quarter and the full year ending December 31, 2023:
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...