About Duolingo
Duolingo is a language-learning education platform that offers 98 total courses across nearly 40 distinct languages.
Headquarters
Duolingo, Pittsburgh
Founded
2011-01-01
Industry
E-Learning, Education, Language Learning, Mobile Apps
Last Funding Type
Series H
Valuation
7
Total Funding
$183.30 million dollars
IPO Status
Public
Financial
Duolingo reported record growth and profitability in Q4 2023. The company also saw its stock price nearing record highs due to the successful implementation of generative AI. Despite exceeding Q1 expectations, Duolingo's stock dropped by 14.7%. The company has been recognized for its accelerated innovation, which is expected to produce outsized revenue and margin growth. Duolingo's stock tripled in 2023, and analysts are optimistic about its future profitability.
Duolingo reported a 54% increase in paid subscribers in Q1 2024, attributing the growth to generative AI-powered features. The company also saw a significant rise in daily active users and raised its revenue outlook for the fiscal year. Additionally, Duolingo acquired Detroit-based design studio Hobbes to enhance its design and animation capabilities.
Duolingo reported a 54% increase in paid subscribers in Q1 2024, attributing the growth to generative AI-powered features. The company also saw a significant rise in daily active users and raised its revenue outlook for the fiscal year. Additionally, Duolingo acquired Detroit-based design studio Hobbes to enhance its design and animation capabilities.
Funding Rounds
8
Number of Lead Investors
6
Total Funding Amount
$183.30 million dollars
Number of Investors
13