Duolingo: quarterly revenue 2020-2024
In the first quarter 2024, language learning app publisher Duolingo generated almost 167 million U.S. dollars in revenues, an increase of 11 percent compared to the previous quarter. Due to the coronavirus pandemic outbreak and the need for users to pass the time during the implementation of stay-at-home measures, Duolingo experienced unprecedented usage growth in 2020. The popular language learning app managed to maintain and expand its user base in 2022 and 2023, reaching more than 42 million downloads during the last examined quarter.