Duolingo Q4 revenue $151M (+45%), net income $12.1M; FY24 rev guidance $717.5-729.5M

Duolingo, Inc.

2023-FY EPS reported $0.35 revenue$531,109,000

Total bookings $191.0M (+51%), subscription bookings $157.8M (+57%), paid subs 6.6M (+57%).
DAUs 26.9M (+65%), MAUs 88.4M (+46%); net income $12.1M vs loss $13.9M.
Adjusted EBITDA $35.2M (23.3% margin) vs $5.2M (5.0%); FY23 Adj EBITDA $93.7M (17.6%).
FY24 guidance: rev $717.5-729.5M, bookings $790-802M, Adj EBITDA margin 21.5-23.5%.
Q1'24 DAU growth moderating to mid-50s% YoY from 65% in Q4'23 (per shareholder letter).

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 financial results for the fourth quarter and full year ended December 31, 2023.

Period: the fourth quarter and full year ended December 31, 2023
Result: reported results

Exact text from the filing

On February 28, 2024, Duolingo, Inc. (the “Company”) issued a press release announcing the financial results of the Company for the three and twelve months ended December 31, 2023.

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12 earnings releases filed in the last 30 days. Browse all earnings releases →

Duolingo, Inc. filing history →

Source: SEC EDGAR

accession 0001562088-24-000048

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