Revenue increased despite nearly 95% of monthly active users using the service for free and only about 5.5% paying for “Duolingo Plus,” the premium, ad-free service billed on a monthly, annual, or more recently, a family-plan basis. Monthly and daily active users were both at record levels, which was particularly noteworthy since there was a spike in usage during the course of the lockdown stages of the pandemic.įull-year guidance rose to $282.5m on the low end, projecting even greater year-over-year revenue growth for the calendar year. The platform recorded a record number of bookings, subscriptions and total users in Q3, and had increases year-over-year of 40% or more in total revenue, subscription revenue and gross profit, while gross margin also increased slightly.
Duolingo, a leader in remote language learning, posted a stirring Q3 in its quarterly report and investor relations conference call, though its bottom line was hindered by increased costs associated with its July IPO.