Duolingo Reports Q2 2024: Revenue Up 41%, DAUs Surpass 34.1 Million

Duolingo, Inc.

2024-Q2 EPS reported $1.08 revenue$345,880,000

Total bookings reached $190.1M, up 38% YoY; subscription bookings grew 47% to $156.5M.
Daily active users grew 59% to 34.1M; monthly active users hit 103.6M, up 40%.
Net income jumped to $24.4M from $3.7M; Adjusted EBITDA margin rose to 27.0%.
Paid subscribers increased 52% to 8.0M at quarter-end; revenue was $178.3M.
Acquired Hobbes motion design studio; introduced Friend Streak feature for users.

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