Duolingo: quarterly net income 2020-2022
In the fourth quarter of 2022, language learning app Duolingo recorded net losses of 14 million U.S. dollars, a decrease from the approximately 17.5 million U.S. dollars recorded in net losses in the fourth quarter of 2021. In 2020, Duolingo experienced unprecedented growth due to the impact of the coronavirus pandemic and users' engagement with language-learning apps to pass the time. In the fourth quarter of 2022, Duolingo Inc. grossed approximately 103 million U.S. dollars in revenues.
