secwatch.observer — SEC 8-K summary
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Issuer:     Duolingo, Inc. (DUOL)
CIK:        0001562088
Form:       8-K
Filed at:   2024-11-06T23:59:59+00:00
Accession:  0001562088-24-000248
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1562088/000156208824000248/0001562088-24-000248-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1562088/000156208824000248/duol-20241106.htm
  HTML page:      https://secwatch.observer/filing/0001562088-24-000248

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