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duolingo Duolingo Announces Second Quarter 2021 Results Pittsburgh , PA - August 11 , 2021 - Duolingo , Inc. ( NASDAQ : DUOL ) , the world's leading mobile language platform , today announced financial results for the quarter ended June 30 , 2021 . " Our recent IPO was a significant milestone in our journey to develop the best education in the world and make it universally available , " said Luis von Ahn , Co - Founder and CEO of Duolingo . " This mission has not changed since we launched Duolingo nearly ten years ago and we have kept our focus on reaching new users , increasing engagement and growing subscribers . We were pleased to see that our monthly and daily active users in Q2 were comparable to last year , despite comparing against an extraordinary Q2 2020 when a record number of learners used Duolingo during the lockdowns . We are also pleased to see the strong growth in paid subscribers as more learners around the world engaged with our premium offering . We had nearly 40 million monthly users and close to 2 million subscribers at the end of June and we believe we can drive user growth from this higher base as we continue to invest in the business . " Second Quarter 2021 Operational Highlights • • Total bookings were $ 64.5 million , an increase of 30 % from the prior year quarter ; Subscription bookings were $ 48.9 million , an increase of 34 % from the prior year quarter ; Monthly active users ( MAUS ) were 37.9 million , a decrease of 3 % from the prior year quarter ; Daily active users ( DAUS ) were 9.1 million , an increase of 2 % from the prior year quarter ; Paid Subscribers totaled 1.9 million at quarter end , an increase of 46 % from the prior year . Second Quarter 2021 Financial Highlights • • • Total revenues were $ 58.8 million , an increase of 47 % from prior year quarter ; Gross Profit was $ 42.7 million , an increase of 51 % from the prior year quarter ; Net loss totaled $ 176 thousand , as compared to net income of $ 40 thousand in the prior year quarter ; Adjusted EBITDA was $ 3.7 million , an increase of $ 1.4 million from the prior year quarter . Financial Outlook Duolingo is providing the following guidance for the third quarter and year ending December 31 , 2021 . Third Quarter 2021 Full Year 2021 ( in millions ) Total Bookings . Revenues ... Adjusted EBITDA . Low High Low High $ 63.0 $ 66.0 $ 267 $ 273 $ 58.5 $ 61.5 $ 236 $ 242 $ ( 12.0 ) $ ( 8.0 ) $ ( 14 ) $ ( 8 ) With regards to the Non - GAAP Adjusted EBITDA outlook provided above , a reconciliation to GAAP net earnings ( loss ) has not been provided as the quantification of certain items included in the calculation of GAAP net earnings ( loss ) cannot be calculated or predicted at this time without unreasonable efforts . For example , the non - GAAP adjustment for stock - based compensation expense requires additional inputs such as number of shares granted and market price that are not currently ascertainable , and the non- GAAP adjustment for certain legal , tax and regulatory reserves and expenses depends on the timing and