secwatch.observer — SEC 8-K summary
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Issuer:     Duolingo, Inc. (DUOL)
CIK:        0001562088
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0001562088-24-000110
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1562088/000156208824000110/0001562088-24-000110-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1562088/000156208824000110/duol-20240508.htm
  HTML page:      https://secwatch.observer/filing/0001562088-24-000110

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