Duolingo reports Q2 diluted EPS 51c, consensus 32c

Reports Q2 revenue $178.3M, consensus $177.09M. Total bookings were $190.1M, an increase of 38% from the prior year quarter. Subscription bookings were $156.5M, an increase of 47% from the prior year quarter. Paid subscribers totaled 8.0M at quarter end, an increase of 52% from the prior year quarter. Daily active users, DAUs, were 34.1M, an increase of 59% from the prior year quarter and monthly active users, MAUs, were 103.6M, an increase of 40% from the prior year quarter. “We achieved significant milestones in the second quarter, surpassing 100M MAUs and reporting 8M subscribers,” said Luis von Ahn, CEO of Duolingo. “Our user growth accelerated, and we saw record levels of engagement. Over 20% of our DAUs now have streaks longer than a year. We have also made steady progress on our strategic priorities – driving increased family plan penetration and the broader roll out of Duolingo Max. We expect these initiatives to show more impact in the coming quarters and support our long-term monetization strategy.”