secwatch.observer — SEC 8-K summary
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Issuer:     Duolingo, Inc. (DUOL)
CIK:        0001562088
Form:       8-K
Filed at:   2024-08-07T23:59:59+00:00
Accession:  0001562088-24-000203
Event type: earnings
Sentiment:  positive
Materiality: 0.90
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1562088/000156208824000203/0001562088-24-000203-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1562088/000156208824000203/duol-20240807.htm
  HTML page:      https://secwatch.observer/filing/0001562088-24-000203

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