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Duolingo (DUOL) Revenue & Revenue Breakdown

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Duolingo Revenue Highlights

Latest Revenue (Y)

$748.02M

Latest Revenue (Q)

$252.26M

Main Segment (Y)

License and Service

Main Geography (Y)

All Countries Minus USA And UK

Duolingo Revenue by Period

Duolingo Revenue by Year

DateRevenueChange
2024-12-31$748.02M40.84%
2023-12-31$531.11M43.74%
2022-12-31$369.50M47.34%
2021-12-31$250.77M55.09%
2020-12-31$161.70M128.51%
2019-12-31$70.76M138645.10%
2001-12-31$51.00K-

Duolingo generated $748.02M in revenue during NA 2024, up 40.84% compared to the previous quarter, and up 1057.13% compared to the same period a year ago.

Duolingo Revenue by Quarter

DateRevenueChange
2025-06-30$252.26M9.33%
2025-03-31$230.74M10.11%
2024-12-31$209.55M8.80%
2024-09-30$192.59M8.00%
2024-06-30$178.33M6.43%
2024-03-31$167.55M10.97%
2023-12-31$150.99M9.71%
2023-09-30$137.62M8.50%
2023-06-30$126.84M9.66%
2023-03-31$115.66M11.40%
2022-12-31$103.82M8.08%
2022-09-30$96.06M8.69%
2022-06-30$88.39M8.82%
2022-03-31$81.22M11.24%
2021-12-31$73.01M14.81%
2021-09-30$63.59M8.15%
2021-06-30$58.80M6.22%
2021-03-31$55.36M14.69%
2020-12-31$48.27M6.54%
2020-09-30$45.30M13.23%
2020-06-30$40.01M42.33%
2020-03-31$28.11M-

Duolingo generated $252.26M in revenue during Q2 2025, up 9.33% compared to the previous quarter, and up 150.56% compared to the same period a year ago.

Duolingo Revenue Breakdown

Duolingo Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 24Dec 21
Product and Service, Other$140.49M$6.92M
License and Service$607.53M$180.70M
English Test$45.64M$24.66M
Advertising$54.91M$38.50M
Product And Service, Other Miscellaneous$1.29M-

Duolingo's latest annual revenue breakdown by segment (product or service), as of Dec 24: License and Service (71.49%), Product and Service, Other (16.53%), Advertising (6.46%), English Test (5.37%), and Product And Service, Other Miscellaneous (0.15%).

Quarterly Revenue by Product

Product/ServiceJun 25Mar 25Dec 24Sep 24Mar 24Dec 21Sep 21Jun 21
License and Service$210.68M$190.99M$318.23M$157.62M$131.69M$51.11M$46.03M$43.50M
Product And Service, Other Miscellaneous$506.00K$446.00K$904.00K$389.00K----
English Test$10.09M$11.99M$22.11M$10.77M$12.76M$8.10M$6.70M$4.83M
Advertising$20.60M$17.88M$27.55M$14.40M$12.95M$11.14M$9.03M$9.06M
Product and Service, Other$41.59M$39.76M$105.28M$34.98M$234.00K$2.67M$1.84M$1.41M

Duolingo's latest quarterly revenue breakdown by segment (product or service), as of Jun 25: License and Service (74.32%), Product and Service, Other (14.67%), Advertising (7.27%), English Test (3.56%), and Product And Service, Other Miscellaneous (0.18%).

Duolingo Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 24Dec 22Dec 21
All Countries Minus USA And UK$436.49M$169.64M$116.45M
UNITED STATES$311.54M$168.32M$109.16M

Duolingo's latest annual revenue breakdown by geography, as of Dec 24: All Countries Minus USA And UK (58.35%), and UNITED STATES (41.65%).

Quarterly Revenue by Country

CountryDec 21Sep 21Jun 21
English Test$8.10M$6.70M$4.83M
Advertising$11.14M$9.03M$9.06M
Product and Service, Other$2.67M$1.84M$1.41M
License and Service$51.11M$46.03M$43.50M

Duolingo's latest quarterly revenue breakdown by geography, as of Dec 21: License and Service (70.00%), Advertising (15.26%), English Test (11.09%), and Product and Service, Other (3.65%).

Duolingo Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
KSPIJoint Stock Company Kaspi.kz$1.89T$551.02B
LOGILogitech$4.55B$1.15B
DOCUDocuSign$2.98B$800.64M
OKTAOkta$2.61B$728.00K
UUnity Software$1.81B$440.94M
DTDynatrace$1.70B$477.35M
BSYBentley Systems$1.35B$364.11M
MANHManhattan Associates$1.04B$275.80M
RBRKRubrik$886.54M$309.86M
DUOLDuolingo$748.02M$252.26M
QXOQXO$54.52M$13.51M

DUOL Revenue FAQ

What is Duolingo’s yearly revenue?

Duolingo's yearly revenue for 2024 was $748.02M, representing an increase of 40.84% compared to 2023. The company's yearly revenue for 2023 was $531.11M, representing an increase of 43.74% compared to 2022. DUOL's yearly revenue for 2022 was $369.5M, representing an increase of 47.34% compared to 2021.

What is Duolingo’s quarterly revenue?

Duolingo's quarterly revenue for Q2 2025 was $252.26M, a 9.33% increase from the previous quarter (Q1 2025), and a 41.46% increase year-over-year (Q2 2024). The company's quarterly revenue for Q1 2025 was $230.74M, a 10.11% increase from the previous quarter (Q4 2024), and a 37.71% increase year-over-year (Q1 2024). DUOL's quarterly revenue for Q4 2024 was $209.55M, a 8.80% increase from the previous quarter (Q3 2024), and a 38.79% increase year-over-year (Q4 2023).

What is Duolingo’s revenue growth rate?

Duolingo's revenue growth rate for the last 3 years (2022-2024) was 102.44%, and for the last 5 years (2020-2024) was 362.61%.

What are Duolingo’s revenue streams?

Duolingo's revenue streams in c 24 are Product and Service, Other, License and Service, English Test, Advertising, and Product And Service, Other Miscellaneous. Product and Service, Other generated $140.49M in revenue, accounting 16.53% of the company's total revenue, up 1931.71% year-over-year. License and Service generated $607.53M in revenue, accounting 71.49% of the company's total revenue, up 236.21% year-over-year. English Test generated $45.64M in revenue, accounting 5.37% of the company's total revenue, up 85.09% year-over-year. Advertising generated $54.91M in revenue, accounting 6.46% of the company's total revenue, up 42.61% year-over-year. Product And Service, Other Miscellaneous generated $1.29M in revenue, accounting 0.15% of the company's total revenue

What is Duolingo’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of Duolingo was License and Service. This segment made a revenue of $607.53M, representing 71.49% of the company's total revenue.