Duolingo Q2 beats: revenue $126.8M (+44% YoY), net income $3.7M; raises full-year guidance

Duolingo, Inc.

2023-Q2 EPS reported $0.02 revenue$242,500,000

Revenue $126.8M (+44% YoY); net income $3.7M vs loss $15.0M in Q2 2022.
Adjusted EBITDA $20.9M (16.5% margin) vs $4.2M (4.7% margin) prior year.
DAUs 21.4M (+62% YoY); MAUs 74.1M (+50% YoY); paid subscribers 5.2M (+59% YoY).
Full-year 2023 guidance raised: total bookings $569-575M; revenue $510-516M; Adj. EBITDA margin 14-15%.
Record free cash flow $34.3M (27.1% margin); cash flow from ops $37.2M.

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 second quarter ended June 30, 2023 results: revenue $126.8 million, net income $3.7 million. Guidance raised.

Period: second quarter ended June 30, 2023
Revenue: $126.8 million
Net income: $3.7 million
Guidance: raised
Result: reported results

Exact text from the filing

Total revenues were $126.8 million, an increase of 44% from the prior year quarter; • Net income totaled $3.7 million

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Duolingo, Inc. filing history →

Source: SEC EDGAR

accession 0001562088-23-000173

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