secwatch.observer — SEC 8-K summary
======================================

Issuer:     Duolingo, Inc. (DUOL)
CIK:        0001562088
Form:       8-K
Filed at:   2023-02-28T23:59:59+00:00
Accession:  0001562088-23-000050
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1562088/000156208823000050/0001562088-23-000050-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1562088/000156208823000050/duol-20230228.htm
  HTML page:      https://secwatch.observer/filing/0001562088-23-000050

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer