Duolingo, Inc. Stock Price, News & Analysis

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.

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.