Duolingo Q3 revenue rises 40% to $192.6 million; company raises full-year guidance
Duolingo reported third-quarter 2024 revenue of $192.6 million, up 40% from a year earlier, and net income of $23.4 million, compared with $2.8 million in the prior-year quarter. The company updated its full-year 2024 outlook to revenue of $741.0 million to $744.0 million, and its shareholder letter says it is raising guidance. For shareholders, the results show strong growth and higher profitability, and the updated outlook signals management's expectations for the rest of the year.
Key points
- Q3 2024 total bookings were $211.5 million, up 38%; paid subscribers reached 8.6 million, up 47%.
- Net income was $23.4 million versus $2.8 million a year earlier; Adjusted EBITDA margin was 24.7% versus 16.3%.
- Full-year 2024 revenue guidance is $741.0 million to $744.0 million; Q4 revenue guidance is $202.5 million to $205.5 million.
The filing
Written by AI on Nov 8, 2026, 1:17 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 06, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.