Duolingo Q3: Revenue +40% to $192.6M, DAUs +54%, raises FY guidance

Duolingo, Inc.

2024-Q3 EPS reported $1.57 revenue$538,474,000

Revenue $192.6M (+40% YoY); net income $23.4M vs $2.8M; adjusted EBITDA $47.5M (24.7% margin).
DAUs 37.2M (+54% YoY), MAUs 113.1M (+36%), paid subscribers 8.6M (+47%).
Total bookings $211.5M (+38%); subscription bookings $176.3M (+45%).
Guidance raised: Q4 revenue $202.5-205.5M; FY revenue $741-744M, adj. EBITDA margin ~25.5%.
Duolingo Max AI Video Call launched; available to ~50% of DAUs; Android rollout by year-end.

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