Duolingo served 130.2 million monthly active users (MAUs), 46.6 million daily active users (DAUs), and 10.3 million paid subscribers in the first quarter of 2025. That's up from just 40.5 million MAUs, 9.6 million DAUs, and 2.5 million paid subscribers at the end of 2021. Duolingo, Confluent, and MongoDB deserve a bit more attention. Many artificial intelligence (AI) stocks skyrocketed in value in recent years as more companies realized they could accelerate and automate their operations with large language ...

编译 | 核子可乐、Tina Duolingo 在过去十年一直是苹果 App Store 最受欢迎的教育应用之一。 如今，这家公司月活跃用户超过 1.13 亿，已成功在纳斯达克上市，市值达到约 170 亿美元。今年 5 月 1 日，Duolingo 公布了亮眼的季度业绩：付费用户已达千万，收入比 2024 年同期增长了 38%。 消息一出，Duolingo 股价一夜飙升，5 月内上涨 31%，过去 10 周内更是飙升 85%，与去年同期相 比暴涨了 167%。 Duolingo 一年股价回顾 网暴冲击汹涌袭来 Duolingo 股价飙升，公司前景一片光明。首席执行官 Luis von Ahn 借此机会在媒体上深入探讨了 AI 对内容创作的深远影响。 他 在采访中指出，我们正身处一场"平台级变革"之中，许多公司可能因此受到冲击，但他对 Duolingo 充满信心： "我们拥有庞大的用户群和独一无二的学习数据。此外，品牌效应也至关重要，而我们已经在语言学 习领域建立了值得信赖的品牌。这些综合优势，正是我们在这个剧烈变化的时代保持竞争力的关 键。" 不仅如此，春风得意的 Luis von Ahn 还给 Duolin ...

Core Insights - Duolingo's stock has increased by 164% over the past 12 months due to strong financial performance and growth potential [1] - The company reported record levels in revenue, bookings, and net income for 2024, with revenue rising 41% to $748 million and net income increasing from $14 million to $89 million [3] - In Q1 2025, revenue jumped 38% year over year to $231 million, and bookings also increased by 38% to $272 million [4] Financial Performance - Monthly active users (MAU) reached 130.2 million, a 33% increase year over year, while daily active users rose by 49% to 46.6 million [5] - The paid subscriber penetration rate improved from 8.6% to 8.9% year over year, indicating better user engagement [6] - The adjusted EBITDA margin improved by approximately 900 basis points to 27.2% for Q1 2025 [4] Market Opportunity - The online language learning industry is projected to be worth $47 billion by 2025, representing a small portion of the $6 trillion global education spending [7] - With 2 billion people worldwide learning a new language, Duolingo has significant room for growth, as less than 10% of its MAUs are paying subscribers [8] Strategic Initiatives - Duolingo is expanding its offerings by adding new subjects like music and math to attract a broader audience [9] - The introduction of artificial intelligence, including enhancements to the virtual assistant Lily, aims to improve learning outcomes and user experience [10] Valuation Concerns - Duolingo's stock is considered expensive, with a price-to-earnings ratio exceeding 250 and a price-to-sales ratio of 30 times trailing revenue [11] - The high valuation carries risks, as any negative developments could lead to a significant contraction in valuation [12]