---
schema_version: "secwatch.filing_event.v1"
accession: "0001562088-23-000050"
form_type: "8-K"
ticker: "DUOL"
cik: "0001562088"
company_name: "Duolingo, Inc."
filed_at: "2023-02-28T23:59:59+00:00"
generated_at: "2026-06-18T22:03:44.613326+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001562088-23-000050
- form_type: 8-K
- ticker: DUOL
- cik: 0001562088
- company_name: Duolingo, Inc.
- filed_at: 2023-02-28T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1562088/000156208823000050/0001562088-23-000050-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1562088/000156208823000050/duol-20230228.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001562088-23-000050
- JSON: https://secwatch.observer/filing/0001562088-23-000050.json
- Plain text: https://secwatch.observer/filing/0001562088-23-000050.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1562088/000156208823000050/0001562088-23-000050-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.