What happened to Duolingo?

PITTSBURGH, Feb. 28, 2023 (GLOBE NEWSWIRE) -- Duolingo, Inc. (NASDAQ: DUOL), the world’s leading mobile learning platform, announced results for the fourth quarter and full year ended December 31, 2022 in a shareholder letter that is posted at investors.duolingo.com.

Is Duolingo a profitable company?

The company's profitability, as reflected in the net income and Adjusted EBITDA, is significant as it demonstrates Duolingo's ability to not only attract users but also to convert that growth into tangible financial results. This profitability is particularly noteworthy in the tech sector, where many companies prioritize growth over earnings.

How profitable is Duolingo in 2024?

This profitability is particularly noteworthy in the tech sector, where many companies prioritize growth over earnings. For the first quarter of 2024, Duolingo anticipates total bookings to be between $187 million and $190 million, with revenues expected to range from $164 million to $167 million.