secwatch.observer — SEC 8-K summary
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Issuer:     Duolingo, Inc. (DUOL)
CIK:        0001562088
Form:       8-K
Filed at:   2023-08-08T23:59:59+00:00
Accession:  0001562088-23-000173
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1562088/000156208823000173/0001562088-23-000173-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1562088/000156208823000173/duol-20230808.htm
  HTML page:      https://secwatch.observer/filing/0001562088-23-000173

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