Is Duolingo a Buy Once It Goes Public?
In this video, I will go over everything you need to know about the Duolingo initial public offering that is happening later this year, including the company's latest financial statement and the Duolingo business model.
Duolingo reported first-quater 2021 revenue of $55 million, up 97% year over year. There are about 1.8 billion people in the pool of potential language learners. About 40 million monthly active users (MAU) use the app, and 1.8 million subscribe to Duolingo Plus, which accounts for 72% of its revenue. Another 17% comes from advertising, and the remaining is from the English language test.
The daily active user (DAU) count has gone up a lot in 2020 due to people staying at home, which has had a positive impact on Duolingo's business. Interestingly, as MAUs grew, so did the percentage of paid subscribers. So growth in free users resulted in even more paid users. More people are also choosing to subscribe for the year instead of one or six months.
Source Fool.com
