Duolingo has now posted Q4 results for 2023. Revenue from the Duolingo English Test was $10,819,000. That’s up a shade from Q3 of 2023, when revenues were about $10.6 million.
Since the test costs $59 a piece, it was probably taken about 183,372 times in the quarter, up from about 179,000 times in Q3 of 2023 (and about 171,632 times in Q4 of 2022).
My math says that the test was taken about 732,604 times in 2023. I believe that represents 10% growth compared to 2022. That’s just an estimate, though. The real number is different since some people pay less than $59 (there is a discount when two registrations are purchased at the same time) and others pay more (results can be processed faster for an extra fee).
For those interested in tracking the revenues over time, here are my numbers. The asterisk in 2023 indicates the last quarter when the test cost $49.
- Q4 2023 – 10,819,000
- Q3 2023 – 10,600,000
- Q2 2023 – 9,800,000
- Q1 2023 – 9,970,000*
- 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