2023-08-08 17:15:38 ET
- Duolingo press release ( NASDAQ: DUOL ): Q2 GAAP EPS of -$0.09 beats by $0.11 .
- Revenue of $126.8M (+43.5% Y/Y) beats by $3.1M .
- Total bookings were $137.5 million, an increase of 41% from the prior year quarter.
- Subscription bookings were $106.3 million, an increase of 43% from the prior year quarter.
- Paid Subscribers totaled 5.2 million at quarter end, an increase of 59% from the prior year quarter.
- Monthly active users grew 50% to 74.1 million from the prior year quarter and Daily active users grew 62% to 21.4 million from the prior year quarter.
- Adjusted EBITDA was $20.9 million, compared to $4.2 million in the prior year quarter, or a 16.5% and 4.7% Adjusted EBITDA margin, respectively.
- Financial Outlook: For Q3 , Total Bookings of $136.5M-$139.5M; Revenues of $129.5M-$132.5M vs. consensus of $129.96M.
- FY23, Total Bookings of $569.0M-$575.0M; Revenues of $510.0M-$516.0M vs. consensus of $507.52M.
For further details see:
Duolingo beats Q2 top and bottom line estimates; initiates Q3 and raises FY23 outlook