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Duolingo IPO translates to huge revenue growth



Language learning application Duolingo has filed for an initial public offering in the US, with revenue doubling in this year’s first quarter

Duolingo filed with the Securities and Exchange Commission to list on the Nasdaq under the ticker symbol “DUOL.”

It has grown 129% between 2019 and 2020. The company was valued at $70.8 million in 2019 to and $161.7 million in 2020.

The app has more than 500 million downloads. It’s the top-grossing app in the education category on both Google Play and the Apple App Store. The company offers courses in 40 languages to about 40 million monthly active users

Where does the company’s income come from?

The vast majority of Duolingo’s revenue comes from subscriptions. The company received 73% of its total top line from subscription incomes over the past year. 17% of the remaining income comes from advertising, and 10% from the company’s Duolingo English test.

More than 2,000 universities and institutions worldwide accept the Duolingo English Test is a language certification.

The company recorded revenue of $55.4 million over the past three months – 97% growth from the same period last year. Duolingo was last valued at $2.4 billion after receiving a $35 million in funding in November.

Natasha is an Associate Producer at ticker NEWS with a Bachelor of arts from Monash University. She has previously worked at Sky News Australia and Monash University as an Online Content Producer.

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The possibility of a U.S. recession



There’s been a lot going on in markets…

It’s been a turbulent time in financial markets, to say the least.

From seeing a banking crisis sweep around the world, to a new global reserve currency start to emerge – there hasn’t been a quiet day on the market.

And there’s also a little bit of Marty McFly meets Bog Iger from Disney, as UBS appoint a former Credit Suisse CEO to help with the merger of the two banks.

AND, the possibility of a U.S. recession…

Chris Uhl from joins us to discuss.

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Disney trumps DeSantis with legal loophole



Disney has outplayed Ron DeSantis by leaning on a decades-old royal clause

In February, Florida Governor Ron DeSantis moved to take over Disney World’s governing body.

It was all in retaliation to the company’s public stance against the state’s “Don’t Say Gay” bill.

But now, new reports suggest this whole plan may have backfired.

Members of the new governor-appointed board argue the previous members stripped the board of its power before they left.

It was all part of an agreement, which was approved a day before DeSantis assumed more control of the land around Disney’s theme park.

Disney is leaning on a property law which essentially makes the company the government of the area.

New board member Ron Peri says the board has lost the majority of its ability to do anything beyond maintain the roads and basic infrastructure.

For just under six decades, Disney has operated its expansive theme park and resort in Florida under a specially designated district.

A board oversaw the area and had free reign of development processes.

Disney also had the authority to appoint district board members.

But this special status came under threat when Disney clashed with DeSantis and his “Don’t Say Gay” law.

Florida lawmakers the passed a bill in February to end Disney’s self-governing status and give the governor the authority to appoint new board members to the district.

DeSantis appointed five supervisors, including a parents’ rights activist and three Republican donors.

But the new supervisors say previous board members entered an agreement before they left their positions – effectively stripping them of any powers. #trending #featured

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The Power of Play



Let’s take a look at the history of video games and the exciting future of the gaming industry.

From classic arcade games to the latest consoles and online multiplayer experiences, gamers have been lining up for decades to get their hands on the hottest games.

But what goes on behind the scenes to create these immersive worlds? The Power of Play takes you behind the curtain to explore the hard work and dedication of game developers as they bring these virtual experiences to life.

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