Revenues and gross profit were up around 50% over the year, but after tax the company made a very modest loss of $0.2 million. Still, paid subscribers increased 46% over the year to 1.9 million.

That’s perhaps not surprising as that period was the height of lockdowns across the world. Monthly active users dipped 3% to 37.9 million in Q2 2021 from 39.2 million in the same period of 2020. Many online services that saw a spike in activity during 2020 have seen a minor tailing off into this year, and Duolingo is no exception.

While the company has only been public for just over a month, it has just released second quarter results which gives investors insight into user trends.

Language learners wishing to show their proficiency in English can also take the Duolingo English Test, which costs $49 and is widely accepted by employers. The app has been downloaded more than 500 million times and is in the top 10 most downloaded education apps on the Apple App Store and Google Play. That remote learning model proved particularly popular during last year’s lockdown, with monthly active users rising from 27.3 million in 2019 to 36.7 million in 2020.

Cost duolingo plus