Duolingo Announces 51% Bookings Growth and Accelerating User Growth in Second Quarter 2022; Raises Full Year Guidance
Duolingo, Inc. - Class A (DUOL)
Company Research
Source: GlobeNewswire
PITTSBURGH, Aug. 04, 2022 (GLOBE NEWSWIRE) -- Duolingo, Inc. (NASDAQ: DUOL), the world’s leading mobile learning platform, announced results for the second quarter ended June 30, 2022 in a shareholder letter that is posted at investors.duolingo.com. "Our second quarter results exceeded expectations, driven by accelerating user growth and strength across our entire business,” said Luis von Ahn, Co-Founder and CEO of Duolingo. “I’m very proud that we delivered over 50% growth in bookings and revenue from the prior year quarter, despite a challenging macroeconomic environment. We see this growth as a result of our relentless focus on constant product improvement. Through continuous experimentation, we are driving organic growth, deeper user engagement, and stronger free-to-paid user conversion.” Second Quarter 2022 Highlights Total bookings were $97.5 million, an increase of 51% from the prior year quarter;Subscription bookings were $74.1 million, an increase of 51% from the prior
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- 2/28/24 - Beat
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Sec Filings
- 4/9/24 - Form 4
- 4/2/24 - Form 4
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- DUOL's page on the SEC website