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Dec 31, 2023
Duolingo Q4 2023 Earnings Report
Duolingo reported strong Q4 2023 results with record bookings, revenue, and profitability.
Key Takeaways
Duolingo's Q4 2023 saw a 65% increase in DAU, a 45% increase in revenue, and record profitability. Total revenues were $151.0 million, a 45% increase from the prior year quarter, and net income totaled $12.1 million, compared to a net loss of $13.9 million in the prior year quarter.
Total bookings increased by 51% to $191.0 million.
Subscription bookings increased by 57% to $157.8 million.
Paid subscribers increased by 57% to 6.6 million.
Daily active users (DAUs) increased by 65% to 26.9 million, and monthly active users (MAUs) increased by 46% to 88.4 million.
Revenue by Segment
Forward Guidance
Duolingo is providing the following guidance for the first quarter ending March 31, 2024 and the full year ending December 31, 2024:
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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