earnings
confidence high
sentiment neutral
materiality 0.75
Duolingo Q3 revenue $63.6M (+40% YoY); ~11M shares released from lock-up Nov 15
Duolingo, Inc.
2021-Q3 EPS reported
-$2.29
revenue$177,758,000
- Revenue $63.6M (+40% YoY); bookings $73.1M (+57%); paid subscribers 2.2M (+49%).
- Net loss $29.0M vs $3.2M prior year, driven by $15.9M IPO-related stock compensation.
- Q4 guidance: revenue $66.5-69.5M; bookings $79-82M; adj. EBITDA loss $(6.5)-(3.5)M.
- ~11M shares of Class A common stock eligible for sale on Nov 15 due to lock-up release.
- DAUs 9.8M, MAUs 41.7M, both all-time highs.