secwatch.observer — SEC 8-K summary
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Issuer:     Duolingo, Inc. (DUOL)
CIK:        0001562088
Form:       8-K
Filed at:   2023-11-08T23:59:59+00:00
Accession:  0001562088-23-000219
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1562088/000156208823000219/0001562088-23-000219-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1562088/000156208823000219/duol-20231108.htm
  HTML page:      https://secwatch.observer/filing/0001562088-23-000219

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