Loading...
•
Dec 31, 2021
Duolingo Q4 2021 Earnings Report
Announced record results for the fourth quarter, with revenue increasing by 51% and paid subscribers reaching 2.5 million.
Key Takeaways
Duolingo reported a strong Q4 2021, marked by accelerated user growth and a record number of net subscriber additions. Total revenue increased by 51% year-over-year, driven by growth in subscription bookings. The company's focus on engaging and effective learning, along with new product initiatives, contributed to the positive results.
Total bookings increased by 59% year-over-year to $90.8 million.
Subscription bookings grew by 61% year-over-year to $69.8 million.
Paid subscribers reached 2.5 million, a 56% increase from the prior year.
MAUs increased by 15% to 42.4 million, and DAUs grew by 20% to 10.1 million.
Duolingo
Duolingo
Forward Guidance
Duolingo provided guidance for Q1 2022 with total bookings between $92.0 million and $95.0 million and revenues between $75.5 million and $78.5 million. Adjusted EBITDA is expected to be between $(5.5) million and $(2.5) million. For the full year 2022, the company expects total bookings between $372.0 million and $382.0 million and revenues between $332.0 million and $342.0 million. Adjusted EBITDA is projected to be between $(5.0) million and $(1.0) million.
Positive Outlook
- Total Bookings Q1 2022 (Low): $92.0 million
- Total Bookings Q1 2022 (High): $95.0 million
- Revenues Q1 2022 (Low): $75.5 million
- Revenues Q1 2022 (High): $78.5 million
- Total Bookings FY 2022 (Low): $372.0 million
Challenges Ahead
- Adjusted EBITDA Q1 2022 (Low): $(5.5) million
- Adjusted EBITDA Q1 2022 (High): $(2.5) million
- Adjusted EBITDA FY 2022 (Low): $(5.0) million
- Adjusted EBITDA FY 2022 (High): $(1.0) million
- Total Bookings FY 2022 (High): $382.0 million