Name | Value |
---|---|
Revenues | 115.7M |
Cost of Revenue | 31.5M |
Gross Profit | 84.2M |
Operating Expense | 92.7M |
Operating I/L | -8.5M |
Other Income/Expense | 5.8M |
Interest Income | 5.6M |
Pretax | -2.7M |
Income Tax Expense | -0.1M |
Net Income/Loss | -2.6M |
Duolingo, Inc. is a language-learning platform that offers courses in 40 languages and a digital language proficiency assessment exam. The company generates revenue through a freemium model, offering basic language courses for free and charging for premium features such as ad-free learning, offline access, and additional content. Duolingo also monetizes through its Duolingo English Test, a language proficiency exam used for college admissions and job applications. The company's mobile app and website serve as the primary platforms for delivering its language-learning services, attracting a global user base seeking to improve their language skills.