Duolingo Q4 revenue up 42% to $103.8M; DAUs grow 62% to 16.3M; guides FY23 revenue $486-498M

Duolingo, Inc.

2022-FY EPS reported -$1.51 revenue$369,495,000

Q4 total bookings $126.4M (+39% YoY); subscription bookings $100.3M (+44% YoY); paid subscribers 4.2M (+67% YoY).
Q4 net loss narrowed to $13.9M from $17.5M; Adjusted EBITDA $5.2M vs $0.3M prior year.
Full year 2022 revenue $369.5M (+47% YoY); Adjusted EBITDA $15.5M vs -$1.1M prior year.
Guides Q1 2023 revenue $111-114M, Adjusted EBITDA $10.0-11.4M; FY23 revenue $486-498M, Adj. EBITDA margin 10-12%.
Launches Duolingo Max, a higher-tier subscription with generative AI features (Explain My Answer, Roleplay); testing in select markets.

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 the fourth quarter and full year ended December 31, 2022 results: revenue $103.8 million. Guidance reaffirmed.

Period: the fourth quarter and full year ended December 31, 2022
Revenue: $103.8 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

users (MAUs) grew 43% to 60.7 million from the prior year quarter and Daily active users (DAUs) grew 62% to 16.3 million from the prior year quarter; • Total revenues were $103.8 million, an increase of 42% from the prior year quarter; • Net loss totaled $13.9 million, compared to a net loss of $17.5 million in the prior year quarter; • Adjusted EBITDA was $5.2

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Source: SEC EDGAR

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