Duolingo Reports 45% Revenue Growth and Record Profitability in First Quarter 2024; Raises Full Year Guidance
Duolingo, Inc. - Class A (DUOL)
Company Research
Source: GlobeNewswire
PITTSBURGH, May 08, 2024 (GLOBE NEWSWIRE) -- Duolingo, Inc. (NASDAQ: DUOL), the world’s leading mobile learning platform, announced results for the first quarter ended March 31, 2024 in a shareholder letter that is posted at investors.duolingo.com. “We are pleased to report another quarter of stellar performance, with strong bookings and revenue growth, alongside record profitability,” said Luis von Ahn, Co-Founder and CEO of Duolingo. “Our 54% year-over-year growth in daily active users was driven by a record number of net daily user additions. Our DAU-to-MAU ratio, a measure of user engagement, reached a record high thanks to the thousands of product improvements that have compounded over time. We believe that we are still in the early stages of our monetization journey, and discovering multiple avenues to enhance bookings. We’re excited about the broader rollout of Duolingo Max, our higher-priced subscription tier, and the strides we’re making to improve our family plan, gi
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DUOL
Earnings
- 5/8/24 - Beat
DUOL
Sec Filings
- 5/17/24 - Form 144
- 5/16/24 - Form 4
- 5/16/24 - Form 4
- DUOL's page on the SEC website