Duolingo reported robust financial results for Q2 2024, with total revenue increasing 41% year-over-year to $178.3 million. Subscription revenue, which accounted for 81% of total revenue, grew 51% to $143.9 million. The company achieved net income of $24.4 million, compared to $3.7 million in Q2 2023, demonstrating significant profitability improvement.Monthly active users (MAUs) grew 40% year-over-year to 103.6 million, while daily active users (DAUs) increased 59% to 34.1 million, reflecting strong user engagement. Paid subscribers reached 8.0 million, up 52% from the prior year. The company's DAU/MAU ratio improved to 32.9% from 28.9% a year ago, indicating enhanced user retention.Looking ahead, Duolingo continues to invest in product development and AI technology integration while maintaining operational efficiency. The company's cash position remains strong at $888.2 million as of June 30, 2024. Management highlighted the successful expansion of premium features and the growing adoption of the Duolingo English Test, which contributed to the company's diversified revenue streams.

Duolingo reported robust financial results for Q2 2024, with total revenue increasing 41% year-over-year to $178.3 million. Subscription revenue, which accounted for 81% of total revenue, grew 51% to $143.9 million. The company achieved net income of $24.4 million, compared to $3.7 million in Q2 2023, demonstrating significant profitability improvement.Monthly active users (MAUs) grew 40% year-over-year to 103.6 million, while daily active users (DAUs) increased 59% to 34.1 million, reflecting strong user engagement. Paid subscribers reached 8.0 million, up 52% from the prior year. The company's DAU/MAU ratio improved to 32.9% from 28.9% a year ago, indicating enhanced user retention.Looking ahead, Duolingo continues to invest in product development and AI technology integration while maintaining operational efficiency. The company's cash position remains strong at $888.2 million as of June 30, 2024. Management highlighted the successful expansion of premium features and the growing adoption of the Duolingo English Test, which contributed to the company's diversified revenue streams.