NASDAQ$DUOL
Duolingo · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Announced record bookings and raised full year guidance.
Duolingo reported a strong first quarter with accelerating user growth, record quarterly bookings, and strong margins. Total revenues were $81.2 million, an increase of 47% from the prior year quarter.
- Total bookings were $102.1 million, an increase of 55% from the prior year quarter.
- Subscription bookings were $78.5 million, an increase of 56% from the prior year quarter.
- Paid Subscribers totaled 2.9 million at quarter end, an increase of 60% from the prior year quarter.
- Total revenues were $81.2 million, an increase of 47% from the prior year quarter.
Headline financials
Revenue & EPS history
Duolingo · Revenue · Quarterly
$81.2M
Revenue by segment
Duolingo · $61.4M total across 2 segments · Q1 2022
- Subscription bookings$58M+44.8%94.5%
- Other bookings$3.38M+239.9%5.5%
Forward guidance
Duolingo is providing the following guidance for the second quarter ending June 30, 2022 and the full year ending December 31, 2022:
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2022
+5.3%
Avg return
Earnings day
+2.3%
Avg return
5 days after
+9.4%
Avg return
30 days after
61%
14 / 23 earnings
Positive
+42.5%
Q1 2022
Best reaction
-25.5%
Q3 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.9% | -3.0% | -4.7% | |
| Q4 2025 | +12.0% | -18.1% | -18.8% | |
| Q3 2025 | -25.5% | -25.0% | -23.2% | |
| Q1 2025 | +21.6% | +23.9% | +29.9% | |
| Q4 2024 | -17.0% | -22.1% | -16.2% | |
| Q3 2024 | +4.2% | +5.0% | +21.6% | |
| Q2 2024 | +8.4% | +10.1% | +26.2% | |
| Q1 2024 | -19.4% | -27.3% | -24.1% | |
| Q4 2023 | +22.8% | +15.5% | +13.4% | |
| Q3 2023 | +23.4% | +29.7% | +30.5% | |
| Q2 2023 | +3.4% | -0.9% | +11.5% | |
| Q1 2023 | +12.0% | +7.3% | +19.4% | |
| Q4 2022 | +24.7% | +34.0% | +52.8% | |
| Q3 2022 | -4.6% | -4.1% | -10.8% | |
| Q2 2022 | -1.4% | -5.9% | -11.2% | |
| Q1 2021 | +27.1% | +18.5% | +39.4% | |
| Q1 2022 | +42.5% | +29.0% | +48.2% | |
| Q4 2021 | -3.0% | +3.9% | +24.3% | |
| Q3 2020 | -7.3% | -6.8% | -36.8% | |
| Q3 2021 | +3.3% | -4.3% | -34.8% | |
| Q2 2020 | +0.5% | -1.8% | +27.5% | |
| Q4 2020 | +0.5% | -1.8% | +27.5% | |
| Q2 2021 | -4.4% | -3.6% | +23.8% | |
| Q1 2020 | — | — | — |
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