---
schema_version: "secwatch.filing_event.v1"
accession: "0001562088-24-000110"
form_type: "8-K"
ticker: "DUOL"
cik: "0001562088"
company_name: "Duolingo, Inc."
filed_at: "2024-05-08T23:59:59+00:00"
generated_at: "2026-06-02T09:56:43.509546+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001562088-24-000110
- form_type: 8-K
- ticker: DUOL
- cik: 0001562088
- company_name: Duolingo, Inc.
- filed_at: 2024-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1562088/000156208824000110/0001562088-24-000110-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1562088/000156208824000110/duol-20240508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001562088-24-000110
- JSON: https://secwatch.observer/filing/0001562088-24-000110.json
- Plain text: https://secwatch.observer/filing/0001562088-24-000110.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1562088/000156208824000110/0001562088-24-000110-index.htm
- Executive change
  Laela Sturdy resigned as Director at Duolingo, Inc..
  - Action: resigned
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1562088/000156208824000110/0001562088-24-000110-index.htm

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