NASDAQ$DUOL
Duolingo · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Results for the second quarter ended June 30, 2022, were announced, demonstrating accelerating user growth and strength across the entire business.
Duolingo reported a strong second quarter with a 51% increase in total bookings and a 50% increase in total revenues compared to the prior year quarter. User growth accelerated, with MAUs increasing by 31% and DAUs increasing by 44%.
- Total bookings increased by 51% year-over-year to $97.5 million.
- Subscription bookings increased by 51% year-over-year to $74.1 million.
- Paid subscribers increased by 71% year-over-year, reaching 3.3 million.
- Total revenues increased by 50% year-over-year to $88.4 million.
Headline financials
Revenue & EPS history
Duolingo · Revenue · Quarterly
$88.4M
Revenue by segment
Duolingo · $69.1M total across 2 segments · Q2 2022
- Subscription bookings$65.2M—94.3%
- Other bookings$3.94M—5.7%
Forward guidance
Duolingo provided guidance for the third quarter and full year 2022. For the third quarter, the company expects total bookings between $94.0 million and $97.0 million, and revenues between $93.0 million and $96.0 million. For the full year, the company expects total bookings between $404.0 million and $410.0 million, and revenues between $361.0 million and $367.0 million.
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 Q2 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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