Duolingo Q3 revenue up 51% to $96.1M, DAUs +51%, raises FY2022 guidance

Duolingo, Inc.

2022-Q3 EPS reported -$1.16 revenue$265,671,000

Revenue $96.1M (+51% YoY); net loss improved to $18.4M from $29.0M loss.
Adjusted EBITDA turned positive at $2.1M from -$6.0M in Q3 2021.
Total bookings $102.7M (+41%); paid subscribers 3.7M (+68%).
DAUs 14.9M (+51%); MAUs 56.5M (+35%).
Raised full-year revenue guidance to $364-367M; Adjusted EBITDA guidance $7-10M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Duolingo, Inc. reported third quarter ended September 30, 2022 results: revenue Total revenues were $96.1 million, net income Net loss totaled $18.4 million. Guidance raised.

Period: third quarter ended September 30, 2022
Revenue: Total revenues were $96.1 million
Net income: Net loss totaled $18.4 million
Guidance: raised
Result: reported results

Exact text from the filing

users (MAUs) grew 35% to 56.5 million from the prior year quarter and Daily active users (DAUs) grew 51% to 14.9 million from the prior year quarter; • Total revenues were $96.1 million, an increase of 51% from the prior year quarter; • Net loss totaled $18.4 million, compared to a net loss of $29.0 million in the prior year quarter; • Adjusted EBITDA was $2.1

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Source: SEC EDGAR

accession 0001562088-22-000163

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