Duolingo, Inc. Company profile
About Duolingo Inc
Duolingo, Inc. is a technology company The Company provides a science-based language learning platform. The Company's platform enables users to learn languages online. Duolingo offers approximately 97 courses in 40 languages, and is available on International Organization for Standardization (iOS), Android, and Web at www.duolingo.com. The Company's products include Duolingo for Schools, Duolingo English Test, Duolingo ABC, Duolingo Events, Duolingo podcasts, stories and dictionaries. Duolingo for Schools is a free web-based tool that makes it easier for teachers to use its platform in a structured learning environment. Duolingo English Test is an online English proficiency assessment. Duolingo ABC is a free application that teaches literacy skills to children's ageing three to six. Duolingo Events are online gatherings that bring together language learners from around the world for fun.
Financial summary
BRIEF: For the fiscal year ended 31 December 2021, Duolingo Inc revenues increased 55% to $250.8M. Net loss increased from $15.8M to $60.1M. Revenues reflect Subscription segment increase of 54% to $180.7M, Advertising segment increase of 42% to $38.5M, United States segment increase of 54% to $109.2M, Rest of World segment increase of 28% to $116.4M. Higher net loss reflects Research and development - Balancing va increase of 88% to $94.5M (expense).
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