The MAU count rose by 34% in 2020 (to 36.7 million) and by 19% year over year in the first quarter (to 39.9 million).Īs for profitability - or the lack thereof - the 2020 net loss was $15.7 million, not appreciably deeper than the 2019 shortfall of $13.6 million. Growth wasn't as robust in the first three months of this year but still shot 97% higher (to nearly $55.4 million).ĭuolingo uses two metrics favored by social media and other online operators to gauge its app's popularity - daily and monthly average users (MAUs). In 2020, revenue more than doubled from the previous year, landing at nearly $162 million. Like a great many young tech companies that have listed on the stock market, Duolingo has been posting robust growth numbers but consistent bottom-line losses in its recent past. This confers a set of premium user features and ranges in cost from $6.67 to $12.99 per month (depending on platform and subscription length). It hews to the good old freemium model, with a stepped-up pay offering called Duolingo Plus. Most consumers are familiar with Duolingo through its mobile app, which is readily available for free download through Apple's App Store and Alphabet's Google Play.

It's basically an early-stage tech growth stock As with other elements of the language learning company's IPO, though, no details have yet been provided.Ģ. Rather, it's simply acting as an early-stage broker of Duolingo shares. Robinhood won't be an underwriter of the IPO (more on those entities in a moment). According to Duolingo, these sales will close 'at the same initial public offering price, and at the same time, as any other purchases in this offering.' Duolingo revealed in its prospectus that it will release some of the shares to the online trading platform Robinhood, for sale through the brokerage's recently launched IPO Access service, under which its users can request to buy shares of upcoming IPOs. That's not stopping it from releasing some shares to the public, albeit in a limited way. The company hasn't yet set the price of its stock nor the number of shares it is issuing. Much has yet to be determined for the Duolingo IPO. Certain investors could get a jump on the IPO

Duolingo plus cost 2021