Duolingo, Inc. Stock Price, News & Analysis

Duolingo has published a study in the journal Foreign Language Annals, showing that completing five units in Spanish and French courses on its platform is equivalent to four university semesters in reading and listening skills. The study, led by Dr. Xiangying Jiang, indicates that Duolingo learners reach this proficiency in under half the time compared to traditional university students. This research highlights the effectiveness of app-based language learning, with ongoing enhancements to their courses. Duolingo aims to provide accessible, high-quality education globally.

Duolingo, Inc. (Nasdaq: DUOL) has appointed John Lilly as a new independent board director and member of the Compensation and Leadership Committee. With over 25 years of experience in consumer and enterprise technology, Lilly has held leadership roles at notable companies such as Mozilla and Greylock Partners, where he led investments in high-profile firms like Instagram and Dropbox. His expertise in digital transformation and technology will enhance Duolingo's commitment to providing accessible education, aligning with its mission of making high-quality learning universally available.

Duolingo has unveiled its end-of-year campaign highlighting the most popular language courses and trends from 2021.

The company identified “I’m mentally exhausted” as the “Most 2021 Phrase,” reflecting pandemic-induced burnout. Duolingo's second global Language Report indicates that over 700 million hours were spent learning, with nearly 10 billion lessons completed. Japanese emerged as the fastest-growing language in the U.S., while family heritage has become the primary driver for language learning. A personalized Year in Review feature is also being introduced for users.

Duolingo, the leading mobile language learning platform, announced that Co-Founder and CEO Luis von Ahn will present at two upcoming virtual investor conferences. The first is the Nasdaq 45th Investor Conference on December 1st at 9:00 am ET, followed by the Barclays Global Technology, Media and Telecommunications Conference on December 7th at 2:25 pm ET. Investors can access a live webcast and replay on the company's Investor Relations website. Duolingo serves approximately 40 million monthly active users and has over 500 million downloads.

Duolingo, the leading mobile language learning platform, has appointed Dr. Kendra Ross as its first Head of Social Impact, a newly created role aimed at enhancing local community engagement in Pittsburgh. This position underscores Duolingo's commitment to leveraging its resources for community betterment. Dr. Ross, a Pittsburgh native with extensive experience in community engagement and arts administration, will focus on funding local artists, supporting aligned organizations, and connecting employees to volunteer opportunities. The initiative emphasizes Duolingo's mission-driven culture and aims to enhance local impact.

Duolingo reported exceptional Q3 2021 results, achieving record bookings of $73.1 million, a 57% increase year-over-year. Paid subscribers reached 2.2 million, up 49% compared to the previous year, with monthly active users (MAUs) at an all-time high of 41.7 million. Total revenues increased 40% to $63.6 million, driven primarily by a 42% growth in subscription revenues. However, net loss surged to $29.0 million, largely due to IPO-related costs. The company forecasts Q4 revenues between $66.5 million and $69.5 million.

Duolingo has appointed Linda Simensky as the new Head of Animation and Scripted Content, aiming to enhance its storytelling capabilities. Simensky, a seasoned television executive from PBS Kids, will lead the development of character-driven content for Duolingo’s apps, including the popular Duolingo Stories and Duolingo ABC. Reporting to Timothy Shey, VP of Studios + Content, Simensky's expertise in animation is expected to benefit millions of users globally as Duolingo continues its mission to make education universally accessible.

Duolingo, the leading mobile language learning platform, will announce its third-quarter results for 2021 on November 10, 2021, post-U.S. market close. A live earnings call is scheduled for 5:30 p.m. Eastern time, accessible via webcast. The company serves approximately 40 million monthly active users and offers courses in 40 languages. Duolingo boasts over 500 million downloads and ranks as the top-grossing app in the Education category on both Google Play and the Apple App Store.

Duolingo reported strong financial results for Q2 2021, with total revenues of $58.8 million, a 47% increase from the prior year. Total bookings rose to $64.5 million, up 30%, while subscription bookings increased 34% to $48.9 million. The company also experienced significant growth in paid subscribers, reaching 1.9 million, a 46% increase. Monthly active users dipped slightly to 37.9 million, down 3%, but daily users rose 2% to 9.1 million. Despite a net loss of $176,000, Duolingo remains optimistic about future growth.