---
schema_version: "secwatch.filing_event.v1"
accession: "0001562088-23-000219"
form_type: "8-K"
ticker: "DUOL"
cik: "0001562088"
company_name: "Duolingo, Inc."
filed_at: "2023-11-08T23:59:59+00:00"
generated_at: "2026-06-08T09:22:25.207629+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001562088-23-000219
- form_type: 8-K
- ticker: DUOL
- cik: 0001562088
- company_name: Duolingo, Inc.
- filed_at: 2023-11-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1562088/000156208823000219/0001562088-23-000219-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1562088/000156208823000219/duol-20231108.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001562088-23-000219
- JSON: https://secwatch.observer/filing/0001562088-23-000219.json
- Plain text: https://secwatch.observer/filing/0001562088-23-000219.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.