Duolingo Q1 revenue $167.6M (+45% YoY), net income $27.0M, raises FY guidance

Duolingo, Inc.

2024-Q1 EPS reported $0.57 revenue$167,553,000

Revenue $167.6M (+45% YoY); net income $27.0M vs loss of $2.6M a year ago.
Adjusted EBITDA $44.0M (26.3% margin) vs $15.1M (13.1%) in Q1 2023.
Total bookings $197.5M (+41% YoY); subscription bookings $161.5M (+47%).
DAUs 31.4M (+54%), MAUs 97.6M (+35%); paid subscribers 7.4M (+54%).
Raises full-year 2024 guidance: revenue $726.5-735.5M; Adj. EBITDA $167.1-176.5M.

item 2.02 item 5.02 item 9.01

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Departed

Laela Sturdy

Director

DUOL · Duolingo, Inc.

Effective: 2024-05-06
Filed: May 8, 2024, 7:59 PM ET

Laela Sturdy notified the Company of her resignation from the Company’s Board of Directors, including its Audit Committee and its Mergers and Acquisition Committee, effective as of such date.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Duolingo, Inc. reported the first quarter ended March 31, 2024 results: revenue $167.6 million, net income $27.0 million. Guidance raised.

Period: the first quarter ended March 31, 2024
Revenue: $167.6 million
Net income: $27.0 million
Guidance: raised
Result: reported results

Exact text from the filing

million, an increase of 54% from the prior year quarter and monthly active users (MAUs) were 97.6 million, an increase of 35% from the prior year quarter; • Total revenues were $167.6 million, an increase of 45% from the prior year quarter; • Net income was $27.0 million, compared to a net loss of $2.6 million in the prior year quarter; • Adjusted EBITDA was $44.0

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Laela Sturdy resigned as Director at Duolingo, Inc..

Action: resigned
Role: Director

Exact text from the filing

Laela Sturdy notified the Company of her resignation from the Company’s Board of Directors, including its Audit Committee and its Mergers and Acquisition Committee, effective as of such date.

View on SEC.gov

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Duolingo, Inc. filing history →

Source: SEC EDGAR

accession 0001562088-24-000110

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