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Sep 30, 2023
Duolingo Q3 2023 Earnings Report
Duolingo's Q3 2023 results demonstrated strong user growth and impressive financial performance.
Key Takeaways
Duolingo reported a 43% increase in total revenue, reaching $137.6 million, and a significant rise in paid subscribers, totaling 5.8 million. The company's daily active users (DAUs) grew by 63%, and monthly active users (MAUs) increased by 47%. Net income was $2.8 million, a substantial improvement compared to the previous year's net loss.
Total bookings increased by 49% year-over-year to $153.6 million.
Subscription bookings grew by 54% year-over-year to $121.3 million.
Paid subscribers increased by 60% year-over-year, reaching 5.8 million.
DAUs grew by 63% year-over-year, reaching 24.2 million, and MAUs grew by 47% year-over-year, reaching 83.1 million.
Revenue by Segment
Forward Guidance
Duolingo provided updated guidance for the fourth quarter and full year ending December 31, 2023.
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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