Duolingo, Inc. Class A ( (DUOL) ) has released its Q4 earnings. Here is a breakdown of the information Duolingo, Inc. Class A presented to its investors.
Duolingo, Inc., a leading mobile learning platform, is renowned for its popular language-learning app and operates within the education technology sector. The company recently reported a strong financial performance for the fourth quarter and full fiscal year 2024, highlighted by record-breaking user growth and financial metrics. Key achievements include a 51% increase in daily active users, a 43% rise in paid subscribers, and a 39% growth in revenue year-over-year, reaching $209.6 million in Q4 2024. The company’s premium subscription tier, Duolingo Max, played a significant role in driving this growth. Duolingo’s strategic focus on user engagement and monetization through innovative features like Video Call has resulted in a 42% increase in total bookings and a 25.0% adjusted EBITDA margin for the quarter. Looking ahead, Duolingo plans to enhance its product offerings and expand its reach with new language courses and improved features, aiming to sustain its growth trajectory and profitability.