secwatch.observer — SEC 8-K summary
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Issuer:     Duolingo, Inc. (DUOL)
CIK:        0001562088
Form:       8-K
Filed at:   2024-02-28T23:59:59+00:00
Accession:  0001562088-24-000048
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1562088/000156208824000048/0001562088-24-000048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1562088/000156208824000048/duol-20240228.htm
  HTML page:      https://secwatch.observer/filing/0001562088-24-000048

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