Duolingo Soars on Strong User Growth and Financials, Projects Over $700M Revenue by 2024
- Duolingo reported better-than-expected Q4 earnings and revenue
- Revenue grew 45% year-over-year to $151 million
- Daily and monthly active users increased significantly
- Number of paid subscribers grew 57%
- Duolingo projected 2024 revenue between $717.5-$729.5 million