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Sep 30, 2022
Duolingo Q3 2022 Earnings Report
Duolingo achieved a 51% DAU growth and record bookings and revenue.
Key Takeaways
Duolingo reported a strong third quarter with significant growth in users, engagement, and subscriptions. Total bookings and revenue reached record levels, driven by the increasing popularity of Super Duolingo. The company has raised its full-year guidance.
Total bookings increased by 41% year-over-year to $102.7 million.
Subscription bookings grew by 42% year-over-year to $78.9 million.
Paid subscribers increased by 68% year-over-year, reaching 3.7 million.
Total revenues increased by 51% year-over-year to $96.1 million.
Duolingo
Duolingo
Duolingo Revenue by Segment
Revenue by Segment
Subscription Revenue
CapyFin.comOther Revenue
CapyFin.com Forward Guidance
Duolingo provided guidance for the fourth quarter and full year ending December 31, 2022.
Revenue & Expenses
Visualization of income flow from segment revenue to net income