Revenue by Geography

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019
United States Revenue	-	311.54M	238.76M
United States Revenue Growth	-	30.48%	41.85%
United Kingdom Revenue	-	-	42.12M
United Kingdom Revenue Growth	-	-	33.54%
Rest of World Revenue (Pre-FY2024 Reporting)	-	-	250.23M
Rest of World Revenue (Pre-FY2024 Reporting) Growth	-	-	47.51%
Rest of World Revenue	-	436.49M	292.35M
Rest of World Revenue Growth	-	49.30%	45.32%
Revenue (Total)	964.27M	748.02M	531.11M
Revenue (Total) Growth	28.91%	40.84%	43.74%

Revenue

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019
Subscription Revenue	805.47M	607.53M	404.68M
Subscription Revenue Growth	32.58%	50.13%	47.96%
Advertising Revenue	73.80M	54.91M	49.86M
Advertising Revenue Growth	34.40%	10.13%	11.46%
Duolingo English Test Revenue	43.14M	45.64M	41.21M
Duolingo English Test Revenue Growth	-5.48%	10.74%	25.96%
In-App Purchases Revenue	40.07M	38.65M	34.67M
In-App Purchases Revenue Growth	3.67%	11.48%	93.55%
Other Product Revenue	1.79M	1.29M	682.00K
Other Product Revenue Growth	38.75%	89.59%	9.12%
Revenue (Total)	964.27M	748.02M	531.11M
Revenue (Total) Growth	28.91%	40.84%	43.74%

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019
Monthly Active Users (MAUs)	135.30M	116.70M	88.40M
Monthly Active Users (MAUs) Growth	15.94%	32.01%	45.63%
Daily Active Users (DAUs)	50.50M	40.50M	26.90M
Daily Active Users (DAUs) Growth	24.69%	50.56%	65.03%
Paid Subscribers	11.50M	9.50M	6.60M
Paid Subscribers Growth	21.05%	43.94%	57.14%
Subscription Bookings	936.19M	730.74M	495.50M
Subscription Bookings Growth	28.12%	47.48%	49.34%
Total Bookings	1.09B	870.60M	622.18M
Total Bookings Growth	25.57%	39.93%	45.15%

Updated Nov 6, 2025. Data Source: Fiscal.ai.