2024-02-21 02:51:14 ET
Summary
- Duolingo has a freemium business model, with a strong brand, generating $484 million in revenue in the last 12 months since December 2023.
- By providing courses for over 40+ languages, DUOL has made its mark in the online language learning space, with over 500+ million downloads, and 83.1+ million monthly active users.
- A relatively new integration of music, a premium subscription service, and OpenAI's GPT-4 incorporates AI into the user's learning experience, providing an enhanced user experience and conversational role-play.
- An incredibly high price-to-sales ratio makes investors wary.
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Duolingo: Navigating The Language Of Growth