Duolingo: annual revenue 2019-2023
in-app purchase revenues reaching 88 million U.S. dollars in the last quarter of 2023.
In 2023, language learning and English test provider Duolingo generated more than 531 million U.S. dollars in revenues, up by 43.7 percent from the previous year. Language learning apps have experienced a surge in popularity during the 2020 coronavirus global outbreak, as users looked for useful ways to spend the time while respecting the stay-at-home measures. Duolingo's upward growth trend does not seem to have stopped in 2021 and 2022, with