Duolingo has just published its quarterly earnings report. You can get the lowdown on their site.
Revenues from the Duolingo English Test hit a new high of 8.4 million dollars for the quarter. That’s up from revenues of 8.1 million dollars in Q4 of 2021.
At $49 a pop, we can assume that the test was taken about 171 thousand times in the quarter. The real number is likely higher than that due to freebies and discounts (at one point, Duolingo offered a deal for users who bought two instances of the test).
Here are the historic revenues of the test:
- Q4 2022 – 8,410,000
- Q3 2022 – 8,192,000
- Q2 2022 – 8,036,000
- Q1 2022 – 8,080,000
- Q4 2021 – 8,095,000
- Q3 2021 – 6,695,000
- Q2 2021 – 4,833,000
- Q1 2021 – 5,035,000
- Q4 2020 – 4,197,000
- Q3 2020 – 5,607,000
- Q2 2020 – 4,598,000
- Q1 2020 – 753,000
This suggests the test was taken about 667,000 times (plus freebies and discounts) in 2022.