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Duolingo (DUOL) Revenue & Revenue Breakdown

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Duolingo Revenue Highlights

Latest Revenue (Y)

$1.04B

Latest Revenue (Q)

$271.71M

Main Segment (Y)

License and Service

Main Geography (Y)

Non-US

Duolingo Revenue by Period

Duolingo Revenue by Year

DateRevenueChange
2025-12-31$1.04B38.71%
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 $1.04B in revenue during NA 2025, up 38.71% compared to the previous quarter, and up 641.69% compared to the same period a year ago.

Duolingo Revenue by Quarter

DateRevenueChange
2025-09-30$271.71M7.71%
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 $271.71M in revenue during Q3 2025, up 7.71% compared to the previous quarter, and up 152.37% compared to the same period a year ago.

Duolingo Revenue Breakdown

Duolingo Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 25Dec 24Dec 21
Product And Service, Other Miscellaneous$1.94M$1.29M-
English Test$42.01M$45.64M$24.66M
Advertising$79.72M$54.91M$38.50M
License and Service$873.44M$607.53M$180.70M
In-App Purchases-$38.65M-
Product and Service, Other-$140.49M$6.92M

Duolingo's latest annual revenue breakdown by segment (product or service), as of Dec 25: License and Service (87.60%), Advertising (8.00%), English Test (4.21%), and Product And Service, Other Miscellaneous (0.19%).

Quarterly Revenue by Product

Product/ServiceDec 25Sep 25Jun 25Mar 25Dec 24Sep 24Mar 24Dec 21Sep 21Jun 21
Product And Service, Other Miscellaneous$527.00K$458.00K$506.00K$446.00K$904.00K$389.00K----
Advertising$20.22M$21.02M$20.60M$17.88M$27.55M$14.40M$12.95M$11.14M$9.03M$9.06M
English Test$10.28M$9.65M$10.09M$11.99M$22.11M$10.77M$12.76M$8.10M$6.70M$4.83M
License and Service$242.29M$229.49M$210.68M$190.99M$318.23M$157.62M$131.69M$51.11M$46.03M$43.50M
In-App Purchases-$11.10M--------
Product and Service, Other-$42.22M$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 Dec 25: License and Service (88.65%), Advertising (7.40%), English Test (3.76%), and Product And Service, Other Miscellaneous (0.19%).

Duolingo Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 25Dec 24Dec 22Dec 21
UNITED STATES$392.21M$311.54M$168.32M$109.16M
Non-US$645.38M---
All Countries Minus USA And UK-$436.49M$169.64M$116.45M

Duolingo's latest annual revenue breakdown by geography, as of Dec 25: Non-US (62.20%), and UNITED STATES (37.80%).

Quarterly Revenue by Country

CountryDec 21Sep 21Jun 21
License and Service$51.11M$46.03M$43.50M
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

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
QXOQXO$6.84B$2.73B
PAYCPaycom Software$2.05B$493.30M
PEGAPegasystems$1.75B$381.35M
BSYBentley Systems$1.50B$375.55M
PCORProcore$1.32B$338.85M
GTMZoomInfo$1.25B$318.00M
MANHManhattan Associates$1.08B$275.80M
DUOLDuolingo$1.04B$271.71M
IDCCInterDigital$834.01M$164.68M
SAILSailPoint$699.57M$202.71M

DUOL Revenue FAQ

What is Duolingo’s yearly revenue?

Duolingo's yearly revenue for 2025 was $1.04B, representing an increase of 38.71% compared to 2024. The company's yearly revenue for 2024 was $748.02M, representing an increase of 40.84% compared to 2023. DUOL's yearly revenue for 2023 was $531.11M, representing an increase of 43.74% compared to 2022.

What is Duolingo’s quarterly revenue?

Duolingo's quarterly revenue for Q3 2025 was $271.71M, a 7.71% increase from the previous quarter (Q2 2025), and a 41.08% increase year-over-year (Q3 2024). The company'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). DUOL'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).

What is Duolingo’s revenue growth rate?

Duolingo's revenue growth rate for the last 3 years (2023-2025) was 95.36%, and for the last 5 years (2021-2025) was 313.76%.

What are Duolingo’s revenue streams?

Duolingo's revenue streams in c 25 are Product And Service, Other Miscellaneous, English Test, Advertising, and License and Service. Product And Service, Other Miscellaneous generated $1.94M in revenue, accounting 0.19% of the company's total revenue, up 49.81% year-over-year. English Test generated $42.01M in revenue, accounting 4.21% of the company's total revenue, down -7.96% year-over-year. Advertising generated $79.72M in revenue, accounting 8.00% of the company's total revenue, up 45.20% year-over-year. License and Service generated $873.44M in revenue, accounting 87.60% of the company's total revenue, up 43.77% year-over-year.

What is Duolingo’s main source of revenue?

For the fiscal year ending Dec 25, the largest source of revenue of Duolingo was License and Service. This segment made a revenue of $873.44M, representing 87.60% of the company's total revenue.