Record Quarter and Year-Over-Year Growth
Duolingo reported a record quarter with 51% year-over-year growth in daily active users, reaching 40 million. The company also achieved its highest quarterly bookings, revenue, and adjusted EBITDA.
Duolingo Max and Family Plan Success
Duolingo Max subscriptions contributed significantly to the quarter's outperformance. The Family Plan now represents 23% of total subscribers, showing higher retention and LTV than individual plans.
Total Bookings and Revenue Growth
Total bookings grew by 42% year-over-year, with revenue increasing by 39%.
Positive Outlook for 2025
Duolingo expects to surpass $1 billion in bookings in 2025, with subscription bookings projected to grow by approximately 31%.
AI and Content Expansion
Duolingo is leveraging AI to improve user experiences and expand content rapidly, particularly in Math and Music courses, which have shown strong early adoption with 3 million DAUs.