Duolingo's Q3 2021 saw a 40% increase in total revenues to $63.6 million, driven by subscription revenue growth. Total bookings increased by 57% to $73.1 million and paid subscribers reached 2.2 million, a 49% increase. However, the company experienced a net loss of $29.0 million, compared to a net loss of $3.2 million in the prior year quarter, largely due to IPO-related costs.
Total revenues increased 40% year-over-year to $63.6 million.
Total bookings were $73.1 million, up 57% year-over-year.
Paid subscribers totaled 2.2 million, a 49% increase from the prior year quarter.
Net loss totaled $29.0 million, primarily due to IPO-related costs.
Duolingo provided guidance for the fourth quarter and full year ending December 31, 2021.
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