Duolingo Q1 2023: Revenue +42% to $115.7M, DAUs +62%, raises FY guidance

Duolingo, Inc.

2023-Q1 EPS reported -$0.06 revenue$115,661,000

Revenue $115.7M (+42% YoY), net loss narrowed to $2.6M from $12.2M; adjusted EBITDA $15.1M (13% margin) vs $3.9M (5%) prior year.
DAUs 20.3M (+62%), MAUs 72.6M (+47%), paid subscribers 4.8M (+63%), all record highs.
Total bookings $140.1M (+37% YoY); subscription bookings $110.1M (+40%).
Raises FY2023 revenue guidance to $500-509M (30% growth) and adj. EBITDA margin 11-12%, up from prior $485-495M revenue.
Launched Duolingo Max (GPT-4 powered) and highlights AI as competitive advantage.

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 first quarter ended March 31, 2023 results: revenue $115.7 million, net income $2.6 million. Guidance raised.

Period: first quarter ended March 31, 2023
Revenue: $115.7 million
Net income: $2.6 million
Guidance: raised
Result: reported results

Exact text from the filing

First Quarter 2023 Highlights • Total bookings were $140.1 million, an increase of 37% from the prior year quarter; • Subscription bookings were $110.1 million, an increase of 40% from the prior year quarter; • Paid Subscribers totaled 4.8 million at quarter end, an increase of 63% from the prior year quarter; • Monthly active users (MAUs) grew 47% to 72.6 million from the prior year quarter and Daily active users (DAUs) grew 62% to 20.3 million from the prior year quarter; • Total revenues were $115.7 million, an increase of 42% from the prior year quarter; • Net loss totaled $2.6 million, compared to a net loss of $12.2 million in the prior year quarter; • Adjusted EBITDA was $15.1 million, compared to $3.9 million in the prior year quarter, or a 13% and 5% Adjusted EBITDA margin, respectively.

View on SEC.gov

12 earnings releases filed in the last 30 days. Browse all earnings releases →

Duolingo, Inc. filing history →

Source: SEC EDGAR

accession 0001562088-23-000101

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.