NASDAQ$DUOL
Duolingo · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
Announced record results for the fourth quarter, with revenue increasing by 51% and paid subscribers reaching 2.5 million.
Duolingo reported a strong Q4 2021, marked by accelerated user growth and a record number of net subscriber additions. Total revenue increased by 51% year-over-year, driven by growth in subscription bookings. The company's focus on engaging and effective learning, along with new product initiatives, contributed to the positive results.
- Total bookings increased by 59% year-over-year to $90.8 million.
- Subscription bookings grew by 61% year-over-year to $69.8 million.
- Paid subscribers reached 2.5 million, a 56% increase from the prior year.
- MAUs increased by 15% to 42.4 million, and DAUs grew by 20% to 10.1 million.
Headline financials
Revenue & EPS history
Duolingo · Revenue · Quarterly
$73M
Revenue by segment
Duolingo · $115M total across 2 segments · Q3 2023
- Subscription bookings$106M+46.7%91.8%
- Other bookings$9.45M+85.9%8.2%
Forward guidance
Duolingo provided guidance for Q1 2022 with total bookings between $92.0 million and $95.0 million and revenues between $75.5 million and $78.5 million. Adjusted EBITDA is expected to be between $(5.5) million and $(2.5) million. For the full year 2022, the company expects total bookings between $372.0 million and $382.0 million and revenues between $332.0 million and $342.0 million. Adjusted EBITDA is projected to be between $(5.0) million and $(1.0) million.
Tailwinds
- Total Bookings Q1 2022 (Low): $92.0 million
- Total Bookings Q1 2022 (High): $95.0 million
- Revenues Q1 2022 (Low): $75.5 million
- Revenues Q1 2022 (High): $78.5 million
- Total Bookings FY 2022 (Low): $372.0 million
Headwinds
- Adjusted EBITDA Q1 2022 (Low): $(5.5) million
- Adjusted EBITDA Q1 2022 (High): $(2.5) million
- Adjusted EBITDA FY 2022 (Low): $(5.0) million
- Adjusted EBITDA FY 2022 (High): $(1.0) million
- Total Bookings FY 2022 (High): $382.0 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 Q4 2021
+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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