Duolingo Q2 bookings up 51% to $97.5M; DAUs +44%; raises FY guidance

Duolingo, Inc.

2022-Q2 EPS reported -$0.70 revenue$169,606,000

Total bookings $97.5M (+51% YoY); subscription bookings $74.1M (+51%); paid subs 3.3M (+71%).
Revenue $88.4M (+50% YoY); net loss $15.0M (includes higher stock-based comp); adj. EBITDA $4.2M (+13%).
DAUs 13.2M (+44% YoY); MAUs 49.5M (+31%); China DAUs nearly doubled after app store reinstatement.
Raised FY2022 guidance: bookings $404-410M, revenue $361-367M, adj. EBITDA $4-7M.
Duocon conference on Aug 26; DET revenue +66% YoY; over 3,700 institutions accept DET.

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