Duolingo, Inc.
DUOLQ3 2023(DUOL Q2 FY2023)Estimated20% AI
AI Revenue %
20%
AI Fair Value
$355.0M
AI Revenue (Q)
$25.4M
Total Revenue (Q)
$126.8M
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Filing was truncated. From Q2 2024 10-Q comparative data: Q2 2023 total revenue was $126,839K with subscription revenue of $95,158K. Duolingo Max (GPT-4 powered) was expanding geographically following its Q1 2023 launch, with Roleplay and Explain My Answer features. The higher-priced Max tier ($30/month vs $7/month for Super) began contributing meaningful incremental revenue. Birdbrain AI continued powering all adaptive learning. Estimate of 20% reflects growing Duolingo Max contribution plus Birdbrain AI in core product. Math: 20% x $126,839K = ~$25,368K attributed to AI.
Analyzed by claude-opus-4-6
Quoted Figures
Q2 2023 Revenues: Subscription $95,158, Other $31,681 (Advertising $13,061, Duolingo English Test $9,809, In-App Purchases $8,675, Other $136). Total revenues $126,839
10-Q filed for period ending June 30, 2024, Revenue Disaggregation comparative period
AI Products Identified (Ring 1)
Birdbrain adaptive learning engineDuolingo Max (GPT-4 Roleplay, Explain My Answer)Spaced repetition algorithms
AI-Enabled Items (Ring 2 — Not Counted)
These items use AI but are not counted in the AI revenue estimate because they primarily serve non-AI functions.
Subscription revenue ($95,158K)Duolingo English Test ($9,809K)
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix