Welcome to our dedicated page for Duolingo news (Ticker: DUOL), a resource for investors and traders seeking the latest updates and insights on Duolingo stock.
Duolingo, Inc. (Symbol: DUOL) is a pioneering American educational technology company dedicated to language learning and certification. Founded with the mission to make high-quality education universally accessible, Duolingo has grown into the top-grossing app in the Education category on both Google Play and the Apple App Store.
Duolingo offers a range of products designed to make learning engaging and effective. Its flagship product, The Duolingo Language Learning App, allows users to practice vocabulary, grammar, pronunciation, and listening skills through spaced repetition. The app also includes gamified elements such as streaks and leaderboards to keep learners motivated. Super Duolingo offers an ad-free experience with additional features, enhancing the learning journey for subscribers.
In addition to its language learning app, Duolingo has developed several other products:
- Duolingo English Test: An AI-driven language assessment tool recognized by institutions worldwide.
- Duolingo For Schools: A platform that enables teachers to track and manage their students' progress.
- Duolingo ABC: Focused on helping young children learn to read and write.
- Duolingo Math: Recently updated to include advanced real-world math skills, it enhances mental math abilities.
Duolingo's newest addition, the Music course, teaches foundational music theory through interactive lessons. This course aims to bridge the gap for the 3.6 million students in the U.S. who lack access to music education.
Financially, Duolingo has been thriving. The company reported record bookings, revenue, and profitability in 2023, driven by strong user engagement and subscriber growth. Duolingo's revenue streams include time-based subscriptions, in-app advertising, and the Duolingo English Test.
CEO Luis von Ahn emphasizes the company's commitment to product excellence and innovation, revealing that Duolingo's strategy in 2024 will focus on user delight, subscriber growth, and expanding its mission globally. The company's robust financial outlook and strategic alliances further solidify its leadership in the educational technology sector.
With an unwavering focus on leveraging technology to enhance learning experiences, Duolingo continues to set the standard for mobile education. For more information or to begin your learning journey, visit www.duolingo.com.
Duolingo, Inc. (DUOL) reported strong Q2 2022 results, showcasing a 51% rise in total bookings to $97.5 million and a 50% increase in revenues to $88.4 million compared to Q2 2021. Paid subscribers surged 71% to 3.3 million, while monthly active users reached 49.5 million, a 31% increase. Despite these gains, the company posted a net loss of $15 million, significantly up from $0.2 million last year, primarily due to rising stock-based compensation. Adjusted EBITDA improved to $4.2 million. Forward-looking guidance estimates Q3 total bookings between $94 million and $97 million.
Duolingo (Nasdaq: DUOL), the leading mobile learning platform, announced its participation in two upcoming investor conferences. The KeyBanc Technology Leadership Forum will take place on August 8th at 4:00 pm ET, followed by the Piper Sandler Growth Frontiers Conference on September 13th at 10:00 am ET. Investors can access a live webcast and replay of these sessions on the company's Investor Relations website. Duolingo continues to innovate in education, remaining the top-grossing app in the Education category across major app stores.
Duolingo announced an official partnership with HBO Max to promote the upcoming series House of the Dragon. The language learning platform has updated its High Valyrian course featuring over 150 new words and more than 700 sentences. This collaboration aims to engage fans ahead of the show's premiere on August 21, 2022. In conjunction with the course launch, Duolingo is implementing a marketing campaign, including special events and promotions associated with the series. The initiative aligns with Duolingo's strategy of leveraging cultural content to boost user growth.
Duolingo, the leading mobile learning platform, will announce its Q2 2022 financial results on August 4, 2022, after market close. The company will host a webcast at 5:30 p.m. ET, accessible via its Investor Relations website. Duolingo offers over 40 language courses to over 40 million monthly active users and has been downloaded over 500 million times, making it the top-grossing education app on both Google Play and Apple App Store. The company remains committed to providing a fun and effective learning experience while aiming for universal access to quality education.
Duolingo, Inc. (Nasdaq: DUOL) will join the Russell 3000 and Russell 2000 Indexes on June 27, 2022, following the annual reconstitution. This inclusion underscores Duolingo's growing market presence since its IPO last year. The Russell indexes capture the largest US stocks, enhancing visibility among institutional and retail investors. With over 45 million monthly active users and courses in over 40 languages, Duolingo aims to promote its educational mission to a broader audience. Approximately $12 trillion in assets are benchmarked against these indexes.
Duolingo reported strong Q1 2022 results, highlighting a 55% increase in total bookings to $102.1 million and a 47% rise in revenues, reaching $81.2 million. The company achieved record quarterly bookings and margins, driven by a 60% growth in paid subscribers, totaling 2.9 million. Monthly active users rose 23% to 49.2 million. Despite a net loss of $12.2 million, it improved from the prior year. Adjusted EBITDA reached $3.9 million, up 353%. Duolingo increased its full-year guidance for bookings and revenue, reflecting confidence in its growth trajectory.
Duolingo, the leading mobile learning platform, announced it will release its Q1 2022 results on May 12, 2022, after the U.S. market close. A conference call and webcast will follow at 5:30 p.m. Eastern time. With over 40 million monthly active users and 500 million downloads, Duolingo offers courses in more than 40 languages, making it the top-grossing Education app globally. The live webcast will be available to the public at investors.duolingo.com.
Duolingo (NASDAQ: DUOL) announced strong fourth quarter and full year results for 2021, with revenue growing by 55% to $250.8 million. The company achieved a record 2.5 million paid subscribers, reflecting a 56% increase year-over-year. Total bookings reached $294.2 million, up 55%. However, net losses ballooned to $60.1 million due to IPO-related stock-based compensation. Looking ahead to 2022, Duolingo expects total bookings between $372.0 million and $382.0 million, with revenues projected between $332.0 million and $342.0 million.
Duolingo has launched a new Haitian Creole course for English speakers, partnering with Haitian-owned restaurants in the U.S. to promote the course and offer a free month of Duolingo Plus to customers. This initiative aims to support the Haitian community and cultural awareness. The course was developed in collaboration with experts from Florida International University. Miami Mayor Francis Suarez supports the initiative, which includes a challenge to learn Haitian Creole for a donation to a local tech organization.
Duolingo, a leader in mobile language learning, will announce its fourth-quarter and full-year results for 2021 on March 3, 2022, after market close. This announcement will be followed by a conference call at 5:30 p.m. Eastern time, which will be publicly accessible via a live webcast. Duolingo has over 40 million monthly active users and has achieved over 500 million downloads, making it the most popular language-learning app worldwide.
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