Duolingo Q3 revenue +43% to $137.6M, net income $2.8M, DAUs +63% to 24.2M; raises FY2023 guidance

Duolingo, Inc.

2023-Q3 EPS reported $0.09 revenue$380,124,000

Revenue $137.6M (+43% YoY); net income $2.8M vs loss of $18.4M; Adj. EBITDA $22.5M (16.3% margin).
Total bookings $153.6M (+49% YoY); subscription bookings $121.3M (+54%).
DAUs 24.2M (+63% YoY); MAUs 83.1M (+47%); paid subscribers 5.8M (+60%).
Raised FY2023 guidance: total bookings $598-601M, revenue $525-528M, Adj. EBITDA margin 16.6-16.9%.
Launched Music course; integrating Math & Music into main app; unveiled AI-powered DuoRadio lesson format.

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