Duolingo, the world’s #1 language learning platform, has some exciting news for the Philippines! In March, the most downloaded educational app in the world launches an English course specially designed for Tagalog speakers!

Tagalog, the language of one of the most linguistically diverse countries in the world, is derived from the endonym taga-ilog (“river dweller”), made up of tagá- (“native of” or “of”) and ilog (“river dweller”). ”). It is spoken by more than half of the Filipino population.

Duolingo’s English for Tagalog Speakers course is designed for Filipino English speaking beginners. It aims to make learning basic English fun and easy, it includes words and situations that will be useful to the learner. Interesting vocabularies such as expressions of hunger, emotions and activities that are popular in the Philippines – all make up good basic conversational English.

The course is a representation of the history of the founder of Duolingo. Luis von Ahn, CEO and Founder of Duolingo was born in Guatemala. He realized that education sometimes led to inequalities between socio-economic classes. People with money can afford the best education in the world. People who don’t have a lot of money barely learn to read and write. Realizing that language is important for personal growth and career development, Luis created Duolingo and aims to make it universally accessible. Now, Duolingo is used by people from all economic backgrounds, from celebrities like Bill Gates to refugees.

Likewise, not all families in the Philippines are blessed with a good education. With the English course for Tagalog speakers, Duolingo is expanding its mission to the Philippines, which provides free and accessible education to everyone around the world.

With over 500 million downloads and growing daily, Duolingo is the most popular and fun way to learn a language around the world. Duolingo shares the joy of learning, as it can be used anytime, anywhere, thanks to gamification – setting goals and collecting XP points, a playful interface and fun in-game elements.

Duolingo is well recognized in the US, UK, and many other countries. The app was awarded “Free iPhone App of the Year” shortly after its launch and received high accolades from Apple and Google. The company has been nominated for Fast Company’s “Most Innovative Companies”, CNBC’s Disruptor 50, Fortune’s “Change the World” list, among others.

Beyond English, Duolingo offers over 100 total courses in 41 distinct languages, from Spanish, French, German, and Japanese to Navajo and Yiddish. Those with a good command of English can learn the diverse languages ​​of English.

According to Haina Xiang, Marketing Director of Duolingo, currently 20% of Filipinos on Duolingo are learning Japanese, 19% are learning Korean, and 16% are learning Spanish. “We marvel at the diversity of Filipino passions for learning. We want to share the fun and make language learning more accessible to Filipinos. »

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Wherever you go in the Philippines, you can expect most Filipinos to be able to speak and understand basic English. Even in international beauty contests, the representative of the Philippines is one of the few Asian countries that can answer directly in English during the question and answer part.

Being able to speak and write in English is a skill that Filipinos can all benefit from. With that in mind, Duolingo, one of the most downloaded educational apps in the world, is launching an English course for native Tagalog speakers!

Duolingo’s “English Course for Tagalog Speakers” aims to make learning basic English fun and easy. It includes words and situations that will be useful to the learner. It also has interesting vocabularies such as expressions of hunger, emotions, and activities popular in the Philippines, offsetting good basic conversational English.

According to Duolingo Marketing Director Haina Xiang, “Currently, 20% of Filipinos on Duolingo are learning Japanese, 19% are learning Korean, and 16% are learning Spanish.”

“We are amazed by the diversity of Filipinos’ learning passions. We want to share the fun and make language learning more accessible to Filipinos,” Xiang added during Duolingo’s English for Tagalog language course launch. in the Philippines on Tuesday, March 15.

The creation of the course actually stems from the story of the founder of Duolingo. Duolingo CEO and Founder Luis von Ahn was born in Guatemala. He realized that education sometimes led to inequalities between socio-economic classes. People who have money can afford the best education in the world while those who don’t have enough money barely learn to read and write. Realizing that language is essential for personal growth and career development, Luis created Duolingo and aimed to make it universally accessible. Now, Duolingo is used by people from all economic backgrounds.

Likewise, not all Filipino families are blessed with a good education. With the English Course for Tagalog Speakers, Duolingo is expanding its mission in the Philippines by providing free and accessible education to everyone around the world.

Besides English, Duolingo offers over 100 courses in 41 distinct languages, from Spanish, French, German, and Japanese to Navajo and Yiddish. – RC, GMA News

SXSW EDU® Announces Winners of 2022 Student Launch and Startup Competitions—Liz Stein, AP News

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In this article from The educator, elementary occasional substitute teacher Molly Delaney explains why she uses Kahoot! to break the ice with new students and create engagement in the classroom.

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Raptors coach Nick Nurse will host a free coaching seminar this weekend– Adam Laskaris, Daily Hive

Coaches attending this free virtual seminar, hosted by Toronto Raptors head coach Nick Nurse and broadcaster Paul Jones, will have the opportunity to put their knowledge to the test by participating in multiple rounds of Kahoot!.

Student efforts add to Maths Challenge national final– New municipal college

Students from all New City College campuses participated in two rounds of math sessions on Kahoot! to win a place in the UK national final organized by MEI (Maths, Education, Innovation).

¿Cuántas international tenemos?– Real Sociedad (Spanish)

To celebrate International Women’s Day, Real Sociedad de Fútbol – the professional sports club based in San Sebastián, Basque Country – invites its fans to put their knowledge to the test in a special kahoot session dedicated to Real Sociedad past and present female athletes.

21 Awesome Japanese Learning Apps You Should Download Now– Take lessons

In a selection of their favorite apps to support Japanese learning, take lessonshighlights the Drops app portion of the Kahoot! family of learning apps – for its fun and engaging approach to language learning.

10 Zoom Chat Features You Might Not Know About– Khushboo Malhotra, Mio

Users can bring online gatherings, meetings, and presentations to life with the Kahoot! Zoom App, which allows participants to join and participate in kahoot sessions without leaving the Zoom meeting or needing a second device.

5 Aplikasi Pembelajaran Anak Gratis, dapat Belajar sambil Bermain!– Republika.co.id (Indonesian)

The award-winning series of math apps from Kahoot! by DragonBox is recommended as the best apps to help children learn through play, highlighting the apps’ engaging characters and gameplay that keep young learners entertained.

Please visit Kahoot! Newsto stay up to date on company news and updates.

The following discussion and analysis of our financial condition and results of
operations should be read in conjunction with our Consolidated Financial
Statements and related notes included elsewhere in this Annual Report on Form
10-K. This discussion contains forward-looking statements, such as those
relating to our plans, objectives, expectations, intentions, and beliefs, that
involve risks, uncertainties and assumptions. Our actual results could differ
materially from these forward-looking statements as a result of many factors,
including those discussed in Part I, Item 1A. "Risk Factors," "Special Note
Regarding Forward-Looking Statements," and included elsewhere in this Annual
Report on Form 10-K. A discussion of our audited financial statements and the
notes for the fiscal year ended December 31, 2020 and the related notes has been
reported previously in our final prospectus, dated as of July 27, 2021, filed
pursuant to Rule 424(b)(4) (File No. 333-257483) with the SEC on July 28, 2021
(the "Final Prospectus"), under the heading "Management's Discussion and
Analysis of Financial Condition and Results of Operations." Our historical
results are not necessarily indicative of the results that may be expected for
any periods in the future.

Amounts reported in millions are rounded based on the amounts in thousands. As a
result, the sum of the components reported in millions may not equal the total
amount reported in millions due to rounding. In addition, percentages presented
are calculated from the underlying numbers in thousands and may not add to their
respective totals due to rounding.

Overview

Our flagship app has organically become the world's most popular way to learn
languages and the top-grossing Education app in the App Stores, offering courses
in over 40 languages to approximately 42

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million monthly active users as of December 31, 2021. We believe that we have
become the preeminent online destination for language learning due to our
beautifully designed products, exceptional user engagement, and demonstrated
learning efficacy.

Initial Public Offering

On July 30, 2021, Duolingo completed its Initial Public Offering ("IPO") of 5.9
million shares of its Class A common stock at a price to the public of $102.00
per share, 4.5 million of which were sold by the Company and 1.4 million of
which were sold by certain selling stockholders, which includes the exercise in
full by the underwriters of their option to purchase from the Company an
additional 0.8 million shares of the Company's Class A common stock. The gross
proceeds to the Company from the IPO were $455.5 million, before deducting
underwriting discounts and commissions and offering expenses payable by the
Company. The Company did not receive any proceeds from the sale of shares of
Class A common stock in the offering by the selling stockholders. Immediately
prior to the completion of the IPO, all convertible preferred stock outstanding,
totaling approximately 19.1 million shares, was automatically converted into an
equivalent number of shares of Class B common stock on a one-to-one basis and
their carrying value of $182.6 million was reclassified to additional paid-in
capital within stockholders' equity (deficit). Additionally, on July 15, 2021,
6.9 million shares held by our founders were exchanged from Class A common stock
into Class B common stock.

Our Business Model

How We Generate Revenue

We use a freemium business model that relies on a premium subscription offering,
advertising, and in-app-purchases (IAPs) to produce revenue. We believe the
following key attributes of our freemium subscription business model are core to
our success.

• Large Market: There is a huge pool of potential language learners around the world that HolonIQ estimates at around 2 billion people.

•Free Users: Since none of our learning content is behind a paywall, anyone can
download the Duolingo app, use it for as long as they like, and complete any of
our courses free of charge. This has allowed us to scale to 42 million MAUs for
the quarter ended December 31, 2021. These millions of learners provide two
benefits to our business model:

•They become advocates for Duolingo and provide word-of-mouth publicity for our
product, which enables our growth and has allowed us to make very selective and
efficient marketing investments.

•Our users complete over 500 million exercises every day, generating large
amounts of data that powers our high-volume A/B testing and novel AI techniques.
We use this data and the insights that come from it to continually improve both
engagement and efficacy.

• Paid Subscriber Conversion: As learners tend to use our product for months or even years before deciding to subscribe, we gain economic benefits by attracting new users well beyond their tenure on the platform. In 2021, subscribers represented 6% of our average MAUs.

Subscription

Our subscription offering is called Duolingo Plus. It offers learners features
such as an ad-free experience, along with additional learning and gamification
features that enhance their learning experience. One such enhancement is
unlimited Hearts, which give learners more flexibility in how they move through
course content.

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Advertising and other revenue

For users who are unable or unwilling to pay a subscription fee, we provide free
access to our product and generate advertising revenue from the sale of display
and video advertising delivered through advertising impressions. We generally
enter into arrangements with the major programmatic advertising networks to
monetize our advertising inventory. Our advertising revenue is primarily a
function of the number of our free users, hours of engagement of our free users,
and our ability to provide innovative advertising placements that are relevant
to our users and enhance returns for our advertising partners.

In-app purchases consist of learners purchasing unique perks within the app, such as “sequence freezes” and “timer boosts”.

In addition to monetizing the Duolingo language learning app, we generate
revenue from the Duolingo English Test by charging test takers a one-time fee
that generally costs $49. University program acceptance is a driver of Duolingo
English Test revenue. As of December 31, 2021, over 3,000 higher education
programs around the world accept the Duolingo English Test results as proof of
English proficiency for international student admissions, including 18 of the
top 20 undergraduate programs in the United States according to US News and
World Report.

Key Operating Parameters and Non-GAAP Financial Measures

We regularly review a number of key operating metrics and non-GAAP financial
measures to evaluate our business, measure our performance, identify trends,
prepare financial projections and make business decisions. The measures set
forth below should be considered in addition to, not as a substitute for or in
isolation from, our financial results prepared in accordance with GAAP. Monthly
active users (MAUs) and daily active users (DAUs), along with paid subscribers,
are operating metrics that help inform management about the underlying growth in
users of our platform, and are a measure of our monetization efforts. To
calculate the year-over-year change in MAUs and DAUs for a given period, we
subtract the average for the same period in the previous year from the average
for the same period in the current year and divide the result by the average for
the same period in the previous year. Other companies, including companies in
our industry, may calculate these measures differently or not at all, which
reduces their usefulness as comparative measures.

                                               Three Months Ended December 31,                              Year Ended December 31,
(Operating metrics are in millions)         2021                              2020                     2021                           2020
Operating Metrics
Monthly active users (MAUs)                   42.4                                37.0                    40.5                           36.7
Daily active users (DAUs)                     10.1                                 8.4                     9.6                            8.2
Paid subscribers (at period end)               2.5                                 1.6                     2.5                            1.6


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                                                                     Year Ended December 31,
                                                                       2021               2020
Operating Metrics
Subscription bookings                                          $     224,520           $ 144,379
Total bookings                                                 $     294,247           $ 190,181

Non-GAAP Financial Measures
Net loss (GAAP)                                                $     (60,135)          $ (15,776)
Adjusted EBITDA                                                $      (1,066)          $   3,630

Net cash provided by operating activities (GAAP)               $       9,170           $  17,708
Free cash flow                                                 $      12,746           $  13,976


Operating Metrics

Monthly active users (MAUs). MAUs are defined as unique Duolingo users who
engage with our mobile language learning application or the language learning
section of our website each month. MAUs are reported for a measurement period by
taking the average of the MAUs for each calendar month in that measurement
period. MAUs are a measure of the size of our global active user community on
Duolingo.

We had approximately 42.4 million and 37.0 million MAUs for the three months
ended December 31, 2021 and 2020, respectively, representing an increase of 15%.
We grew MAUs through product initiatives that made the app more social and
engaging and through brand marketing, both of which helped us attract new users,
retain existing users, and reengage the millions of former users who return to
our language learning app.

Daily active users (DAUs). DAUs are defined as unique Duolingo users who engage
with our mobile language learning application or the language learning section
of our website each calendar day. DAUs are reported for a measurement period by
taking the average of the DAUs for each day in that measurement period. DAUs are
a measure of the consistent engagement of our global user community on Duolingo.

We had approximately 10.1 million and 8.4 million DAUs for the three months
ended December 31, 2021 and 2020, respectively, representing an increase of 20%.
The DAU / MAU ratio, which we believe is an indicator of user engagement,
increased to 23.8% from 22.8% a year ago. We grew DAUs through many of the same
initiatives as we grew MAUs, like making the product more fun and engaging, as
well as through our marketing efforts.

Paid Subscribers. Paid subscribers are defined as users who pay for access to
Duolingo Plus, including subscribers who pay for a family plan, and had an
active subscription as of the end of the measurement period. Each unique user
account is treated as a single paid subscriber regardless of whether such user
purchases multiple subscriptions, and the count of paid subscribers does not
include users who are currently on a free trial or who are non-paying members of
a family plan.

As of December 31, 2021 and 2020, we had approximately 2.5 million and 1.6
million paid subscribers, respectively, representing an increase of 56%. We grew
paid subscribers through product improvements that increased the size of our
free user base, led to higher conversion of free users to paid subscribers, and
by better retaining subscribers.

Subscription Bookings and Total Bookings. Subscription bookings represent the
amounts we receive from purchases of a subscription to Duolingo Plus. Total
bookings represent the amounts we receive from purchases of a subscription to
Duolingo Plus, a registration for a Duolingo English Test, an in-app

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purchase for a virtual good and from advertising networks for advertisements
served to our users. We believe bookings provide an indication of trends in our
operating results, including cash flows, that are not necessarily reflected in
our revenues because we recognize subscription revenues ratably over the
lifetime of a subscription, which is generally from one to twelve months.

For the years ended December 31, 2021 and 2020, we generated $224.5 million and
$144.4 million of subscription bookings, respectively, representing an increase
of 56%. We grew subscription bookings by selling more first-time and renewal
subscriptions as well as subscriptions to subscribers who previously had a
subscription and return. As we grow our user base, convert a greater proportion
of users to first-time subscribers, increase renewal rates, and increase the
proportion of re-subscribers, we increase subscription bookings.

For the years ended December 31, 2021 and 2020, we generated $294.2 million and
$190.2 million total bookings, respectively, representing an increase of 55%. We
grew total bookings through the growth in subscription bookings noted above, in
addition to growth in Advertising, Duolingo English Test, and other bookings.

Non-GAAP Financial Measures

We use certain non-GAAP financial measures to supplement our Consolidated
Financial Statements, which are presented in accordance with GAAP. These
non-GAAP financial measures include Adjusted EBITDA and free cash flow. We use
these non-GAAP financial measures for financial and operational decision-making
and as a means to evaluate period-to-period comparisons. By excluding certain
items that may not be indicative of our recurring core operating results, we
believe that Adjusted EBITDA and free cash flow provide meaningful supplemental
information regarding our performance. Accordingly, we believe these non-GAAP
financial measures are useful to investors and others because they allow for
additional information with respect to financial measures used by management in
its financial and operational decision-making and they may be used by our
institutional investors and the analyst community to help them analyze the
health of our business. However, there are a number of limitations related to
the use of non-GAAP financial measures, and these non-GAAP measures should be
considered in addition to, not as a substitute for or in isolation from, our
financial results prepared in accordance with GAAP. Other companies, including
companies in our industry, may calculate these non-GAAP financials measures
differently or not at all, which reduces their usefulness as comparative
measures.

Adjusted EBITDA. Adjusted EBITDA is defined as net loss excluding interest
(income) expense, net, income tax provision, depreciation and amortization,
Initial Public Offering ("IPO") and public company readiness costs, stock-based
compensation expenses related to equity awards, tender offer-related costs and
other expenses. Adjusted EBITDA is used by management to evaluate the financial
performance of our business and we present Adjusted EBITDA because we believe it
is helpful in highlighting trends in our operating results and that it is
frequently used by analysts, investors and other interested parties to

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evaluate companies in our industry. The following table provides a reconciliation of our net loss, the most directly comparable financial measure presented in accordance with GAAP, to Adjusted EBITDA.

                                                                       Year Ended December
                                                                               31,
(In thousands)                                                                   2021                2020
Net loss                                                                     $  (60,135)         $  (15,776)
Interest (income) expense, net                                                      (19)               (231)
Provision for income taxes                                                          177                  68
Depreciation and amortization                                                     2,726               2,256
IPO and public company readiness costs (1)                                        3,909                 282
Stock-based compensation expenses related to equity awards (2)                   42,457              17,031
Tender offer-related costs (3)                                                    5,599                   -
Other expenses (4)                                                                4,220                   -
Adjusted EBITDA                                                              $   (1,066)         $    3,630


________________

(1)IPO and public company readiness costs include costs associated with IPO
readiness and establishment of our public company structure and processes,
including consultant costs. These costs are included within our Consolidated
Financial Statements included elsewhere in this Annual Report on Form 10-K as
follows:
                                       Year Ended December 31,
(In thousands)                                             2021        2020
Research and development                                 $    46      $   -
Sales and marketing                                          459          -
General and administrative                                 3,404        282
Total                                                    $ 3,909      $ 282


(2)In addition to stock-compensation expense of $40,804 and $17,031 for the
years ended December 31, 2021 and 2020, respectively, this includes costs
incurred related to taxes paid during 2021 on equity transactions of $1,653, of
which $631 was included within Research and development, $53 was included within
Sales and marketing and $969 was included within General and administrative in
our Consolidated Statement of Operations and Comprehensive Loss.

(3) Includes costs related to our public offer initiated in February 2021 (see Note 9 to our consolidated financial statements included elsewhere in this Annual Report on Form 10-K), including expenses incurred, as follows:

                                                       Research and             Sales and               General and
(In thousands)              Cost of revenues            development             marketing             administrative              Total
Tender offer               $             10          $        3,302          $         173          $          1,790          $    5,275
Fees and taxes paid on
tender offer               $              -          $            -          $           -          $            324          $      324
Total                      $             10          $        3,302          $         173          $          2,114          $    5,599


(4)Represents one-time cash awards to Duolingo contributors under our
non-employee volunteer program included within Sales and marketing expenses
within our Consolidated Statement of Operations and Comprehensive Loss. See Note
2 included in our Consolidated Financial Statements elsewhere in this Annual
Report on Form 10-K.

Adjusted EBITDA increases as we grow revenue, improve gross margin, and reduce
operating expenses as a percentage of revenue, or through a combination of those
drivers. For the year ended December 31, 2021, we incurred a loss of $1.1
million and for the year ended December 31, 2020 we generated income of $3.6
million of Adjusted EBITDA, respectively. The decrease in Adjusted EBITDA
occurred because operating expenses, adjusted for costs incurred related to IPO
and public company readiness and other costs which did not occur in the prior
year, grew at a higher rate than revenues and gross profit.

Free Cash Flow: Free cash flow represents net cash provided by operating
activities, reduced by purchases of property and equipment, capitalized software
development costs, and increased by IPO and public company readiness costs,
taxes paid related to stock-based compensation equity awards and other costs, as
we believe they are not indicative of future liquidity. We believe that free
cash flow is a measure of liquidity that provides useful information to our
management, investors and others in

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understanding and evaluating the strength of our liquidity and future ability to
generate cash that can be used for strategic opportunities or investing in our
business. The following table presents a reconciliation of net cash provided by
operating activities, the most directly comparable financial measure calculated
in accordance with GAAP, to free cash flow:

                                                                      Year Ended December
                                                                              31,
(In thousands)                                                                  2021                2020
Net cash provided by operating activities                                   $    9,170          $   17,708
Less: Capitalized software development costs                                    (2,620)               (638)
Less: Purchases of property and equipment                                       (3,586)             (3,376)
Plus: IPO and public company readiness costs (1)                                 3,909                 282
Plus: Taxes paid related to stock-based compensation equity
awards (2)                                                                       1,653                   -
Plus: Other (3)                                                                  4,220                   -
Free cash flow                                                              $   12,746          $   13,976


________________

(1) IPO and public company readiness costs include the costs associated with preparing for the IPO and setting up our public company structure and processes, including consultant fees.

(2)Includes costs incurred related to taxes paid on capital transactions.

(3)Represents payment of one-time cash awards to Duolingo contributors under our
non-employee volunteer program included within Sales and marketing expenses
within our Consolidated Statement of Operations and Comprehensive Loss. See Note
2 to our Consolidated Financial Statements included elsewhere in this Annual
Report on Form 10-K.

For the years ended December 31, 2021 and 2020, we generated $12.7 million and
$14.0 million of free cash flow, respectively. The decrease in free cash flow
was mainly attributable to the decrease in net cash provided by operating
activities in addition to higher capitalized software development costs and
capital expenditures.

Impact of COVID-19

To date, the COVID-19 pandemic has not had a significant, negative impact on our
operations or financial performance. We believe that COVID-19 increased our
operating metrics and financial metrics for a period of time in 2020 due, in
part, to stay at home and other social distancing measures, most notably in the
second quarter. The pandemic also increased adoption of the Duolingo English
Test. Because this increase was driven in part by increased acceptance of the
test, and because we believe that the vast majority of universities are unlikely
to stop accepting the test when the pandemic ends, we do not expect the Duolingo
English Test to revert to pre-pandemic levels.

The extent of the impact of the COVID-19 pandemic on our operational and
financial performance, however, depends on certain developments, including
ongoing social distancing measures, and future prevention and mitigation
measures, as well as the potential for some of these measures to be reinstituted
in the event of repeat waves of the virus. Any such developments may have
adverse impacts on global economic conditions and consumer confidence and
spending, and could materially adversely affect demand, or subscribers' ability
to pay, for our products and services. For additional information, see "Risk
Factors-General Risk Factors-Our business and results of operations may be
materially adversely affected by the recent COVID-19 outbreak or other similar
outbreaks."

Seasonality

We see some seasonality in user growth and monetization on our platform. Historically, the number of users on our platform and the number of subscribers we have increases in January and then

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moderate throughout the first quarter and second quarter back to our secular
growth trend. In the third quarter, historically, we've seen the number of users
on our platform increase as our product is used by students that return to
school in certain geographies. Finally, in the latter part of December, as the
new year approaches, we see an increase in usage as people make New Years
resolutions, including resolutions to learn new things like languages.
Monetization, through an increase in subscribers, also increases at the end of
December and into January when we run a promotion tied to the New Year holiday.

Operating results

Comparison for completed fiscal years December 31, 2021 and 2020

Income

We generate revenues primarily from the sale of subscriptions. The term-length
of our subscription agreements are primarily monthly or annual. We began to roll
out a family plan during the second half of 2021 and as of December 31, 2021
offer it exclusively as an annual subscription. We have historically had a
six-month subscription plan but during the fourth quarter of 2020, we began to
phase it out. We also generate revenue from advertising, the in-app sale of
virtual goods, and our English assessment test, the Duolingo English Test.

Revenue cost

Cost of revenues predominantly consists of third-party payment processing fees
charged by various distribution channels, and also includes hosting fees. To a
much lesser extent, cost of revenues includes costs for contractors, wages and
stock-based compensation for certain employees in the capacity of customer
support, amortization of revenue generating capitalized software, and
depreciation of certain property and equipment.

We intend to continue to invest additional resources in our infrastructure and
our customer support and success organization to expand the capabilities of our
platform and ensure that our users are realizing the full benefit of our
products. The level, timing, and relative investment in these areas could affect
our cost of revenues in the future.

Gross profit and gross margin

Gross profit represents revenues less cost of revenues. Gross margin is gross
profit expressed as a percentage of revenues. Our gross profit may fluctuate
from period to period as our revenues fluctuate, and also as a result of the
timing and amount of investments we make in items related to cost of revenues.

Functionnary costs

Our operating expenses consist of research and development, sales and marketing,
and general and administrative expenses. Personnel costs are the most
significant component of operating expenses and consist of salaries, benefits,
and stock-based compensation expense. Operating expenses also include overhead
costs for facilities, including depreciation expense.

Research and Development. We invest heavily in research and development in order
to drive user engagement and customer satisfaction on our platform, which we
believe helps to drive organic growth of new users. This, in turn, drives
additional growth in, and better lifetime value of, our paid subscribers, as
well as increased advertising revenue from impressions from our free users.
Expenses are primarily made up of costs incurred for the development of new and
improved products and features in our applications. Such expenses include
compensation of engineers, designers, product managers, including stock-based

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compensation, materials, travel and direct costs associated with the design and
required testing of our platform. We expect engineers, designers, and product
managers to represent a significant portion of our employees for the foreseeable
future. We regularly test product improvements with our users. Many of these
tests start by making small changes in the product that affect small numbers of
users. As the tests evolve, they can require increasing investment and can
impact more users. This process of constant testing is how we implement many of
our new products and improvements to our platform and, in total, require large
investments and involve substantial time and risks to develop and launch. Some
of these products may not be well received or may take a long time for users to
adopt. As a result, the benefits of our research and development investments may
be difficult to forecast. We expect to continue to spend a significant portion
of our revenues on research and development in the future.

Sales and Marketing. Sales and marketing expenses are expensed as incurred and
consists primarily of brand advertising, marketing, digital and social media
spend, field marketing, travel, trade show sponsorships and events, conferences
and employee-related compensation, including stock-based compensation for
personnel engaged in sales and marketing functions, and amortization of
non-revenue generating capitalized software used to promote Duolingo. We expect
our sales and marketing expenses will decline as a percentage of revenues over
the long-term.

General and Administrative. General and administrative expenses primarily
consist of employee-related compensation, including stock-based compensation,
for management and administrative functions, including our finance and
accounting, legal, and people teams. General and administrative expenses also
include certain professional services fees, general corporate and director and
officer insurance, our facilities costs, and other general overhead costs that
support our operations. We expect to incur additional general and administrative
expenses as a result of operating as a public company, including expenses to
comply with the rules and regulations of the SEC and the Listing Rules of the
Nasdaq Global Select Market, as well as higher expenses for corporate insurance,
director and officer insurance, investor relations, and professional services.
We expect that our general and administrative expenses will increase in absolute
dollars as our business grows. However, we expect that our general and
administrative expenses will remain steady or decrease as a percentage of our
revenues as our revenues grow faster than these expenses over the long-term.

Other income, net of other expenses

Other income, net of other expenses consists primarily of foreign currency
exchange gains and losses in addition to interest expense, partially offset by
income earned on our money market funds included in cash and cash equivalents
and on our marketable securities.

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The following table sets forth our Consolidated Statement of Operations and
Comprehensive Loss data, including year-over-year change, for the periods
indicated:

                                                         Year Ended December 31,
(in thousands)                                                              2021           2020         % Change
Revenues                                                                 $ 250,772      $ 161,696           55  %
Cost of revenues (1) (2)                                                    69,186         45,987           50
Gross profit                                                               181,586        115,709           57
Operating expenses:
Research and development (1)                                               103,833         53,024           96
Sales and marketing (1) (2)                                                 59,170         34,983           69
General and administrative (1)                                              78,590         43,713           80
Total operating expenses                                                   241,593        131,720           83
Operating loss                                                             (60,007)       (16,011)         275
Other income, net of other expenses                                             49            303          (84)
Loss before provision for income taxes                                     (59,958)       (15,708)         282
Provision for income taxes                                                     177             68          160
Net loss and comprehensive loss                                          $ 

(60,135) ($15,776) 281%

________________

(1)Includes stock-based compensation expense as follows:

                                       Year Ended December 31,
(In thousands)                                             2021          2020
Cost of revenues                                        $      8      $      6
Research and development                                   9,298         2,773
Sales and marketing                                          881           348
General and administrative                                30,617        13,904
Total                                                   $ 40,804      $ 17,031

(2)Includes capitalized software amortization as follows:

                                    Year Ended December 31,
(In thousands)                                           2021       2020
Cost of revenues (a)                                    $   -      $  86
Sales and marketing (a)                                   693        546
Total                                                   $ 693      $ 632


________________

(a) Amortization of capitalized software is recorded in cost of sales and sales and marketing for revenue-generating and non-revenue-generating capitalized software, respectively.

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The following table sets forth the components of our Consolidated Statement of
Operations and Comprehensive Loss for each of the periods presented as a
percentage of revenue.
                                                     Year Ended December 31,
                                                                            2021       2020
Revenues                                                                    100  %     100  %
Cost of revenues                                                             28         28
Gross profit                                                                 72         72
Operating expenses:
Research and development                                                     41         33
Sales and marketing                                                          24         22
General and administrative                                                   31         27
Total operating expenses                                                     96         82
Operating loss                                                              (24)       (10)
Other income, net of other expenses                                           -          -
Loss before provision for income taxes                                      (24)       (10)
Provision for income taxes                                                    -          -
Net loss and comprehensive loss                                             

(24)% (10)%

Revenues. Revenues increased $89.1 million, or 55%, to $250.8 million during the
year ended December 31, 2021, from revenues of $161.7 million during the year
ended December 31, 2020. The main driver was an increase in subscription revenue
of $63.2 million, primarily due to an increase in the average number of paid
subscribers during the year ended December 31, 2021 as compared to the year
ended December 31, 2020. In addition, advertising revenues increased $11.5
million. The increase was predominantly driven by the increase in average
revenue per DAU for our ads and also by the increase in DAUs, which resulted in
increased advertisements served, during the year ended December 31, 2021 as
compared to the year ended December 31, 2020. Duolingo English Test revenue
increased by $9.5 million due to the growth in the number of tests taken, which
was in turn driven by an increase in the number of institutions that accept our
test and our marketing efforts. Finally, other revenue increased $4.9 million,
due to growth of in-app purchases.

The following table presents the evolution of revenues by product type:

                                              Year Ended December 31,
(in thousands)                                                   2021           2020          Change       % Change
Subscription                                                  $ 180,698      $ 117,501      $ 63,197           54  %
Advertising                                                      38,501         27,043        11,458           42  %
Duolingo English Test                                            24,658         15,155         9,503           63  %
Other                                                             6,915          1,997         4,918          246  %
Total revenues                                                $ 250,772      $ 161,696      $ 89,076           55  %


Cost of Revenues and Gross Margin. Total gross margin increased to 72.4% during
the year ended December 31, 2021, from 71.6% during the year ended December 31,
2020. This increase is mainly due to increased subscription margins driven by
reduced payment processing fees for subscription revenue due to improved
retention, and increased advertising margins driven by an increase in average
revenues per DAU for ads served to free users, which was partially offset by a
decrease in Duolingo English Test margins driven by increased proctoring costs.

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The following table provides the change in cost of revenues, along with related
gross margins:

                                                         Year Ended December 31,
                                                              2021                       2020
(in thousands)                                                               Costs             Gross Margin            Costs             Gross Margin

Total cost of revenues                                                    $  69,186                   72.4  %       $  45,987                   71.6  %


Operating Expenses

Research and Development. Research and development expense increased
$50.8 million, or 96%, to $103.8 million during the year ended December 31, 2021
from $53.0 million during the year ended December 31, 2020. The increase is
mainly attributable to our growth in headcount leading to an increase in
employee costs of $41.4 million, of which $3.3 million was related to the tender
offer, $1.3 million of it related to RSU expense recorded upon the IPO, in
addition to $4.2 million of it related to contractor costs.

Research and development continues to be our largest operating expense as we
invest heavily in it in order to drive user engagement with and customer
satisfaction in our platform, which we believe helps to drive organic growth in
MAUs and DAUs; this in turn drives additional growth in, and better retention
of, paid subscribers, as well as increased advertising opportunities with free
users.

Sales and Marketing. Sales and marketing expense increased $24.2 million, or
69%, to $59.2 million during the year ended December 31, 2021 from $35.0 million
during the year ended December 31, 2020. While we incurred $4.2 million of costs
related to one-time cash awards we granted to Duolingo contributors under our
non-employee volunteer program, which we refer to as contributor awards, and
$3.8 million of additional expenses related to employee costs, of which
$0.2 million was related to the tender offer and $0.2 million of it related to
RSU expense recorded upon the IPO, the majority of the increase was driven by
spending on performance marketing where we found opportunities to grow quality
DAUs at low cost and from brand marketing in priority markets such as Japan,
India and Southeast Asia. See Note 2 to our Consolidated Financial Statements
included elsewhere in this this Annual Report on Form 10-K for further
discussion of the contributor awards.

General and Administrative. General and administrative expense increased $34.9
million, or 80%, to $78.6 million during the year ended December 31, 2021 from
$43.7 million during the year ended December 31, 2020. The main drivers of this
increase were related to the following:

•Increased stock-based compensation costs of $22.5 million which were recognized
upon the IPO, offset by a decline of $10.2 million related to the November 2020
secondary transaction which did not occur in 2021. Stock-based compensation
costs recognized upon the IPO relate to the following:

• $5.6 million of costs related to the acceleration of founders’ stock options,

• $0.5 million of costs related to PSUs granted in prior periods, when the performance-based vesting condition was satisfied upon IPO, and

• $16.4 million of costs related to performance-based RSUs issued to our founders that will continue for the life of the plan,

•Increased employee related costs of $8.0 million due to the growth in headcount
in addition to $1.8 million of stock-based compensation costs related to the
tender offer,

• Professional fees of $5.9 millionof which $3.1 million was related to IPO and public preparation costs and $0.3 million was related to the takeover bid,

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• Increased costs incurred to expand the footprint of our facilities by $2.2 million,

• Increased insurance costs associated with being a public utility company. $1.8 millionand

• Other increases in $2.8 milliondue to increased headcount, contractor expenses, travel costs, and sales and VAT taxes.

Other income, net of expenses

Other income, net of other expenses, decreased $0.3 millionduring the year ended December 31, 2021 due to the variation in exchange rates, partially offset by the sale of a research and development tax credit.

Cash and capital resources

Since inception, we have financed operations primarily through revenues and the
net proceeds we have received from the issuance of equity and debt securities.
Prior to going public, we raised a total of $183.3 million in capital financing,
less issuance costs of $0.7 million. Additionally, we received aggregate net
proceeds of $431.1 million from the IPO on July 30, 2021, after deducting
underwriting discounts and fees of $24.5 million. The Company paid an additional
$4.9 million related to offering costs.

As of December 31, 2021, we had $553.9 million in cash and cash equivalents. Our
cash and cash equivalents primarily consist of bank deposits and money market
funds. Our marketable securities consist US government treasury and agency
securities.

We believe that our existing cash and cash equivalents, and cash flow from
operations will be sufficient to support working capital and capital expenditure
requirements for at least the next 12 months. Our future capital requirements
will depend on many factors, including our subscription growth rate and renewal
activity, the timing of cash received from our payment processing platforms, the
expansion of our sales and marketing activities, the introduction of new
products and the enhancements to existing products, and the current uncertainty
in the global markets resulting from the ongoing COVID-19 pandemic on our
operations. We may be required to seek additional equity. If we are unable to
raise additional capital or generate cash flows necessary to expand our
operations and invest in continued innovation, we may not be able to compete
successfully, which would harm our business, operations and financial condition.

A substantial source of our cash from operations comes from deferred revenue,
which is included in the liabilities section of our Consolidated Balance Sheet.
Deferred revenues consists of the unearned portion of customer billings, which
is recognized as revenue in accordance with our revenue recognition policy. As
of December 31, 2021, we had deferred revenues of $98.3 million, which is
recorded as a current liability and expected to be recognized as revenue in the
next 12 months, provided all other revenue recognition criteria have been met.

The following table summarizes our cash flows for the periods presented:

                                                   Year Ended December 31,
(in thousands)                                       2021                

2020

Net cash provided by operating activities    $       9,170            $ 

17,708

Net cash used for investing activities              (6,206)             

(4,014)

Net cash provided by financing activities          430,468              

46,953

Net increase in cash and cash equivalents    $     433,432            $ 60,647


Operating Activities

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Cash flows from operating activities can fluctuate significantly from period to
period due to timing of payments and cash collections. Our largest source of
operating cash is cash collection from sales of subscriptions to our users. Our
primary uses of cash from operating activities are for personnel expenses,
marketing expenses, hosting expenses and overhead expenses.

Cash provided by operating activities for the year ended December 31, 2021
decreased $8.5 million, or 48%, to $9.2 million. This decrease was due mainly to
an increase in net loss for the periods presented, partially offset by increases
from changes in working capital.

Investing activities

Cash used in investing activities increased $2.2 million, or 55%, to $6.2
million for the year ended December 31, 2021, from investing activities for the
year ended December 31, 2020 of $4.0 million. The increase is due to increased
costs from capitalization of software development and capital expenditures to
purchase property and equipment to support office space and site operations.

Fundraising activities

Cash provided by financing activities for the year ended December 31, 2021 was
$430.5 million, and was mainly driven by the net proceeds from the IPO of $431.1
million, less offering expenses of $4.9 million, and proceeds from exercises of
stock options of $12.5 million. These increases were partially offset by
payments made as a result of the tender offer of $8.2 million. Cash provided by
financing activities for the year ended December 31, 2020 was $47.0 million and
primarily relates to the issuance of convertible preferred stock, net of
issuance costs, of $44.9 million, in addition to proceeds from exercises of
stock options of $2.0 million.

Contractual obligations

The following table summarizes our contractual obligations and commitments as of
December 31, 2021:

                                                                    Payments Due by Period
                                                     Less than 1                                                 More than 5
                                    Total               Year              1-3 Years           3-5 Years             years
Operating lease
commitments (1)                  $  44,391          $    5,153          $   11,196          $    6,279          $    21,763
Other commitments (2)               23,000              10,500              12,500                   -                    -
Total contractual
obligations                      $  67,391          $   15,653          $   23,696          $    6,279          $    21,763


________________
(1)Consists of future non-cancelable minimum rental payments under operating
lease obligations, excluding short-term leases. Refer to Note 6 to our
Consolidated Financial Statements included elsewhere in this Annual Report on
Form 10-K for additional information.
(2)Other commitments consist of hosting costs. We are committed to spend $25.0
million over two years, with a minimum spend of $10.5 million in the first year
and $12.5 million in the second year.

Off-balance sheet obligations

We did not have during the periods presented, and we do not currently have any
off-balance sheet financing arrangements or any relationships with
unconsolidated entities or financial partnerships, including entities sometimes
referred to as structured finance or special purpose entities, that were
established for the purpose of facilitating off-balance sheet arrangements or
other contractually narrow or limited purposes.

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Significant Accounting Policies and Estimates

The preparation of financial statements in accordance with GAAP requires
management to make estimates and assumptions about future events that affect
amounts reported in our Consolidated Financial Statements and related notes, as
well as the related disclosure of contingent assets and liabilities at the date
of the financial statements. Management evaluates its accounting policies,
estimates and judgments on an ongoing basis. Management bases its estimates and
judgments on historical experience, current trends and various other factors
that are believed to be relevant at the time Consolidated Financial Statements
are prepared. Actual results may differ from these estimates under different
assumptions and conditions. To the extent that there are differences between our
estimates and actual results, our future financial statement presentation,
financial condition, results of operations, and cash flows will be affected.

Management evaluated the development and selection of its critical accounting
policies and estimates and believes that the following involve a higher degree
of judgment, complexity or uncertainty and are most significant to reporting our
results of operations and financial position, and are therefore discussed as
critical. The following critical accounting policies reflect the significant
estimates and judgments used in the preparation of our Consolidated Financial
Statements.

Revenue Recognition

Nature of Revenue

We account for revenue contracts with customers by applying the five step model
in Accounting Standards Codification (ASC) 606, Revenue from Contracts with
Customers. Our predominant sources of revenue are time-based subscriptions,
in-app advertising placement by third parties and the Duolingo English Test.
Revenue is recognized upon transfer of control of promised goods or services to
customers in an amount that reflects the consideration expected to be received
in exchange for those goods or services. Revenue is recognized net of any taxes
collected from customers, which are subsequently remitted to governmental
authorities.

Revenue from time-based subscriptions includes a stand-ready obligation to
provide hosting services that are consumed by the customer over the subscription
period. Users can purchase Duolingo monthly or they can purchase a six-month or
year-long subscription and pay for the subscription at the time of purchase.
Under the year-long subscription, users can purchase a single plan or a family
plan. The family plan includes up to six users to be on one subscription. Such
payments are initially recorded to deferred revenue. The user has the ability to
download limited content offline. However, as there is a significant level of
integration and interdependency with the online functionality, we consider the
service to be a single performance obligation for the online and offline
content.

We enter into arrangements with advertising networks to monetize the in-app
advertising inventory. Revenue from in-app advertising placement is recognized
at a point in time when the advertisement is placed and is based upon the amount
received.

Duolingo English Test revenue is generally recognized once the tests have gone
through the proctoring process and a certification decision has been made. This
process usually takes less than 48 hours after the test has been completed and
uploaded. Customers have 21 days from the date of purchase to take the exam or
their purchase will expire and revenue will be recognized. The vast majority of
customers complete their exams prior to expiration. Sometimes organizations may
purchase tests in bulk via coupons with a one year expiration date. We defer
revenue from all tests that have not been proctored nor expired.

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Our users have the ability to purchase in-app consumable virtual goods. We recognize revenue over the period in which the user consumes the virtual good, which is generally less than one month.

Principal Agent Considerations-We make our application available to be
downloaded through third-party digital distribution service providers. Users who
purchase subscriptions also pay through the respective app stores. We evaluate
the purchases via third-party payment processors to determine whether its
revenues should be reported gross or net of fees retained by the payment
processor. We are the principal in the transaction with the end user as a result
of controlling, hosting, and integrating the delivery of the virtual items to
the end user. We record revenue gross as a principal and record fees paid to
third-party payment processors as Cost of revenues.

Significant judgment on revenue agreements with multiple deliverables

Determining whether products and services are considered distinct performance
obligations that should be accounted for separately versus together may require
significant judgment. Our time-based subscriptions allow users the ability to
download limited content offline. Significant judgment is required to determine
whether this offline content should be considered distinct and accounted for
separately, or not distinct and accounted for together with the online
functionality provided and recognized over time. As there is a significant level
of integration and interdependency with the online functionality, which is not
the case with the offline functionality, we believe we have a single performance
obligation for the online functionality and offline content.

Share-based compensation

We follow ASC 718, Compensation-Stock Compensation, to account for our stock-based compensation.

Stock-based Compensation

ASC 718 requires all stock-based payments to employees, including grants of
employee stock options, to be recognized in the income statement based on their
fair values. We generally grant our option awards in a combination of
service-based and performance-based. We measure the fair value of our options on
the date of grant using the Black-Scholes pricing model which requires the use
of several estimates, including the volatility of our share price, the expected
life of the option, risk free interest rates and expected dividend yield. The
use of different assumptions in the Black-Scholes pricing model would result in
different amounts of equity based compensation expense. Furthermore, if
different assumptions are used in future periods, our equity based compensation
expense could be materially impacted in the future.

Prior to the completion of our IPO, we were not a publicly traded company and
had only limited historical information on the price of our common stock as well
as employees' option exercise behavior. As a result, we could not rely on
historical experience alone to develop assumptions for our share price
volatility. As such, our share price volatility was estimated with reference to
a peer group of companies. Subsequent to the completion of our IPO, we
transitioned to utilize the closing price of our publicly-traded stock to
determine our volatility. We determined the expected life of our options using
the simplified method described in the SEC Staff Accounting Bulletin Topic 14,
Share-Based Payment, which defines the expected life as the average of the
contractual term and the vesting period. The risk-free interest rate is based on
the yield curve of a zero-coupon US Treasury bond on the date the option award
was granted with a maturity equal to the expected term of the option award. We
have not and do not expect to pay dividends on our common shares. See Note 9,
"Stock Based Compensation," to our Consolidated Financial Statements appearing
elsewhere in Annual Report on Form 10-K, for further information on equity based
compensation.

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Restricted Stock Units (RSU)

We began to grant RSUs in November 2020. The fair value of RSUs is estimated
based on the fair value of our common stock on the date of grant. Each RSU award
vests based upon the satisfaction, during the term of the RSUs, of two
requirements: length of service and a liquidity event defined as a change in
control or a qualified IPO. The service-based vesting condition for the majority
of these awards is satisfied over four years. The liquidity-based vesting
condition is satisfied upon the occurrence of a qualifying liquidity event. We
measure and recognize compensation expense for all stock-based awards based on
the estimated fair value of the award. Prior to July 30, 2021, no stock-based
compensation expense had been recognized for RSUs because the liquidity-based
vesting condition had not been probable of being satisfied. Upon the IPO, the
liquidity-based vesting condition was met and $2,035 of stock-based compensation
expense was recognized related to these awards.

Performance-based RSUs

In June 2021, we granted an aggregate of 1.8 million performance-based RSUs
("Founder Awards") to our founders. The Founder Awards vest upon the
satisfaction of both a service-based condition and a performance-based condition
and generally are settled one year after vesting. The service-based condition is
satisfied as to 25% of the Founder Awards on each anniversary of the completion
of the IPO, subject to the continuous service of the founders through the
applicable date. The performance-based condition will be satisfied with respect
to each of ten equal tranches only upon the achievement of the specified
stock-price hurdles for each such tranche over a period of ten years from the
date of grant. The fair value of the Founder Awards is determined using a model
based on multiple stock-price paths developed through the use of a Monte Carlo
simulation that incorporates into the valuation the possibility that the
stock-price hurdles may not be satisfied. The associated stock-based
compensation is recorded over the derived service period, using the accelerated
attribution method. If the stock-price hurdles are met sooner than the requisite
service period, the stock-based compensation expense will be adjusted to
prospectively recognize the remaining expense over the remaining derived service
period. Provided that the founders continue to provide services to us,
stock-based compensation expense is recognized over the derived service period,
regardless of whether the stock-price hurdles are achieved.

Common Stock Valuations

Subsequent to our IPO in July 2021, the fair value of common stock is determined
based upon the closing price of our Class A common stock immediately prior to
the grant date.

Prior to our IPO, determining the fair value of our common stock requires
complex and subjective judgment and estimates. There is inherent uncertainty in
making these judgments and estimates. The absence of an active market for our
common stock required our board of directors to estimate the fair value of the
common stock for purpose of setting the exercise price of the options and
estimating the fair value of the common stock at the time options were granted
based on factors such as valuations of comparable companies, the status of our
development and sales efforts, revenue growth, and additional objective and
subjective factors relating to our business. We performed its analysis in
accordance with applicable elements of the practice aid issued by the American
Institute of Certified Public Accountants' ("AICPA") Practice Guide, Valuation
of Privately Held Company Equity Securities Issued as Compensation; with this
guidance, our board of directors exercised reasonable judgment and considered
numerous and subjective factors to determine the best estimate of fair value of
our common stock, including the following:

Company specific factors

•Actual and forecast operational and financial performance based on management’s estimate;

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•Developing and maintaining relationships with clients;

•Customer and industry recognition;

• Hiring and retaining key personnel;

•The historical absence of a public market for our common stock;

General economic factors

• Industry trends and competitive environment;

• Trends in customer and public spending, including customer and public confidence;

•Global economic indicators;

•The general economic outlook; and

• Common stock valuations have historically leveraged historical valuations we have received to value our common stock, using an income-based approach.

Income taxes

Deferred tax assets and liabilities are recognized principally for the expected
tax consequences of temporary differences between the tax basis of assets and
liabilities and their reported amounts, using currently enacted tax rates. The
measurement of a deferred tax asset is reduced, if necessary, by a valuation
allowance if it is more likely than not that some portion or all of the deferred
tax asset will not be realized. Significant judgment is required in evaluating
the need for and magnitude of appropriate valuation allowances. The realization
of our deferred tax assets is dependent on generating future taxable income and
the reversal of existing temporary differences. Changes in tax laws and
assumptions with respect to future taxable income could result in adjustment to
these allowances. As of December 31, 2021, we maintained a valuation allowance
of approximately $76,293 against net deferred tax assets related to both
domestic and foreign net operating loss carryforwards, and state research and
development credit carryovers as its future utilization remained uncertain.

In addition, we recognize a tax benefit for uncertain tax positions only if we
believe it is more likely than not that the position will be upheld on audit
based solely on the technical merits of the tax position. We evaluate uncertain
tax positions after the consideration of all available information.

Recent accounting pronouncements

See Note 2, Basis of Presentation and Summary of Significant Accounting Policies
in the notes to our Consolidated Financial Statements included in Part I, Item I
of this Annual Report on Form 10-K for a discussion of Recent Accounting
Pronouncements.

Emerging Growth Company Status

We are an "emerging growth company" as defined under the JOBS Act. Under the
JOBS Act, emerging growth companies can delay adopting new or revised accounting
standards until such time as those standards would otherwise apply to private
companies. While we have not historically delayed the adoption of new or revised
accounting standards until such time as those standards would apply to private
companies, we have elected to take advantage of this extended transition period
and, as a result, our operating results and financial statements in the future
may not be comparable to the operating results and financial statements of
companies who have adopted the new or revised accounting standards.

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The scope of the report combines detailed research of Global English learning Marlet 2022 with the apprehension given to the advancement of the industry in certain regions.

The Top Companies Report is designed to help our buyers with insight into the most influential players in the industry. Also, information about different business performance, profit, gross margin, strategic initiative and more are present through various resources such as tables, graphs and Information graphic.

Access full report description, table of contents, table of figure, chart, etc. @ https://www.reportsinsights.com/industry-forecast/english-language-learning-market-639313

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• Paid Premium Memberships Give HeyPal Users Robust New Social Language Learning Features
• PenPal matches HeyPal users with new friends on the app to practice language skills
• Suggestive Messaging Improves Conversations and Initiates Learning for HeyPal Users

BEVERLY HILLS, CA/ACCESSWIRE/February 28, 2022/ ClickStream Corp. (OTC PINK:CLIS), a technology company focused on developing apps and platforms that disrupt conventional industries, today announced that its fast-growing social language learning app HeyPal – developed by subsidiary Nebula Software Corp. – launched Premium subscriptions on iOS version 2.7, giving paying users special access to the platform’s most sought-after features.

The “language exchange” app also launched PenPal, a key feature of the HeyPals premium membership plan that matches users with new friends to practice their language skills; and Suggestive Messaging, a predictive text feature that allows language learners to initiate conversations with a single click. Premium, PenPal and Suggesting Messaging subscriptions will launch on Android in the near future.

“After working tirelessly to refine and perfect our Premium, PenPal and Suggestive Messaging subscription offerings, we are pleased to introduce these innovative new features that make our language learning experience even more robust and further strengthen social connections for iOS users all over the world,” said Jonathan Maxim, CEO of HeyPal.

Premium Memberships
With Premium Memberships, HeyPal users get unlimited chats, translations, language feeds, influencer feeds and features, group chats, plus HeyPal’s new PenPal matching feature . The application remains free for the “Basic” plan, $9.99 per month for the “Starter” plan and $14.99 per month for the “Premium” plan.

“The launch of premium paid subscriptions, combined with HeyPal’s rapidly growing customer base, allows us to monetize the app and generate a steady stream of revenue in the future,” said Frank Magliochetti, CEO of ClickStream Corp.

Corresponding
PenPal uses an algorithm to match HeyPal users with new users to help them learn the language they are interested in and start an organic friendship. A simple swipe function displays key details of why another user might be a good partner to teach or learn with; when two users swipe to each other, a match is created and a direct message conversation begins automatically.

Suggestive messaging
HeyPal also makes it easy to start a conversation by allowing language learners to start friendships with just one click. This direct message prompt feature provides ideas to improve conversations and ultimately speed up user learning on HeyPal. Suggestive Messaging also offers to write direct message prompts for one-click sending, record a voice note and send the response to a prompt, or record a video to send.

The HeyPal app incorporates a number of additional features that actively engage Android and iOS users while improving their overall experience, including algorithms that allow users to build their social profiles to increase global followers, the ability to download fun and engaging videos as a form of communication. , interactive chats and social messages that allow people to communicate with native speakers in real time or post to language-specific boards.

ClickStream recently announced that HeyPal has surpassed one million total downloads, with monthly active users surpassing 230,000 for the first time. Since its launch in June 2021, the app has quickly reached 535,000 downloads on iOS. The Android version of HeyPal, which debuted in November 2021, already exceeds 475,000 downloads and continues to grow rapidly.

ABOUT CLICKSTREAM CORPORATION
ClickStream is a technology company focused on developing digital applications and platforms that disrupt conventional industries. The company currently markets and develops WinQuik, HeyPal, Nifter and Joey’s Animal Kingdom respectively. For more information, visit ClickStream and follow ClickStream on social media: Twitter and Instagram.

WinQuik is a free synchronized mobile application and digital game platform. The platform is designed for WinQuik users to have fun, interact and compete to win real money and prizes. WinQuik is currently under construction as ClickStream plans to revamp the platform to give it a new, improved shape, structure and appearance. For more information, visit WinQuik and follow WinQuik on social media: Twitter and Instagram.

HeyPal , through ClickStream subsidiary Nebula Software Corp., is a language learning application that focuses on “language exchange” between users around the world. For more information, visit HeyPal and follow HeyPal on social networks: Twitter and Instagram.

Nifter , through Rebel Blockchain Inc., a subsidiary of ClickStream, is a music NFT marketplace that allows artists to create, sell and discover unique music and sound NFTs on the Nifter marketplace. For more information, please visit Nifter and follow Nifter on social media: Twitter and Instagram.

Joey’s Animal Kingdom is a kids entertainment and education app that takes kids all over this amazing planet to see amazing animals and creatures. For more information on Joey’s Animal Kingdom, please visit Joey’s Animal Kingdom.

SAFETY STATEMENT
This press release contains forward-looking statements which can be identified by words such as “believes”, “expects”, “potential”, “plans”, “suggests”, “may”, “should”, “could”. “, ” to the intention of “. », or similar expressions. Many forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from future results implied by such statements. These factors include, but are not limited to, our ability to continue to improve our products and systems to meet industry changes, our ability to expand our customer base and retain existing customers, our ability to compete effectively in our market segment, the lack of public information about our company, our ability to raise sufficient capital to fund our business, our operations, our ability to continue our operations and a limited public market for our common stock, among other risks. Many factors are difficult to accurately predict and are generally beyond the company’s control. Forward-looking statements speak only as of the date on which they are made, and we undertake no obligation to update forward-looking statements to reflect circumstances or events that occur after the date on which the forward-looking statements are made.

Media inquiries:
Joshua Greenwald / Jenny Robles
646-379-7971 / 917-420-1444
[email protected] / [email protected]

Investor requests:
Frank Magliochetti
CEO
ClickStream Corporation
[email protected]

THE SOURCE: ClickStream Corporation

See the source version on accesswire.com:
https://www.accesswire.com/690533/ClickStream-Subsidiary-HeypalTM-Launches-Premium-Memberships-and-Other-New-App-Features-on-iOS-Version-27

Mumbai-based EdTech startup The Language Network is dominating the online language learning market with its effective online language learning programs. Since its inception, they have trained and mentored over 5,000 students and impacted the lives of thousands more. The Language Network offers courses that provide a holistic learning experience. They currently offer 1:1, Duo and Group live online lessons in seven foreign languages, from beginner to advanced. Moreover, they are expanding their avenues and have already launched a new segment: The Language Network Kids.

The Language Network provides an immersive and comprehensive learning experience for all of its students. They provide the right training, tools and additional materials to its students for better and solid learning. They have over 200 highly qualified language experts who have been in the professional teaching industry.

“Your students come first. If you treat your students well, your customers come back. This, in turn, makes you a happy and successful leader,” says co-founder Pinnac Yeddy. The Language Network offers live, personalized sessions guaranteeing small batches for personalized attention and a better learning experience. Regular assessments and reports are given to students to help them on their language learning journey. They provide students with challenging and immersive internships and industry-ready training for internships at leading multinationals. They offer effective counseling sessions to students regarding study abroad as well as immigration services.

The Language Network has incorporated the National Education Policy 2020. They believe that culture is an important aspect when it comes to learning a language. “Language and culture go hand in hand. To teach a new language to a student, we also need to teach the culture related to the language,” says co-founder Siddhi Chokhani.

The Language Network has entered the EdTech market and has already established itself as a strong competitor. Currently they do not do offline batches. However, this will change with the advent of The Language Network Kids. They plan to expand the activity by incorporating children’s learning. The Language Network offers language programs for children ages 6-14. “We partner with various schools across India to promote our children’s lessons. Parents seek to provide a recreational experience for their children. They find it amazing how much it benefits their children. says co-founder Pinnac Yeddy. They are reaching out to schools regarding the NEP 2020. The Language Network partners with schools across India to inculcate language learning programs in these institutions.

The Language Network follows an internationally recognized curriculum. They refer to international exams and their respective language learning programs and procedures. They also prepare their students for international exams including DELF, DALF, Goethe, TOEFL, IELTS, TOPIK, HSK, etc. They believe that their students should not only learn languages, they should also excel in international proficiency exams in order to prove their proficiency.

They started with 4 core members and now they have a team of over 250 people. With its design, The Language Network has turned the offline market upside down. Their online platform is attracting more and more students. Their co-founder Siddhi Chokhani says, “Students save time and energy with online courses. The language learning industry is turning to online offerings, with convenient, flexible and cost-effective ways to improve foreign language skills. Time, which was previously needed for travel and preparation, can be allocated to studies. Additionally, every student needs a dedicated teacher who can lead the way in learning.”

The Language Network focuses on traditional aspects of learning. The Language Network retains one of the old traditional ways of learning: humans teaching other humans. “The human approach is more effective than any other means of teaching. We are looking to expand to over 10,000 active students this year. Our approach to language learning will help more students learn a foreign language in a fun and comprehensive way,” says co-founder Pinnac Yeddy. The Language Network makes language learning easy with its online language courses. Globally, the language learning market is worth approximately $50 billion. The Language Network seeks to gain significant market share in the online language learning industry.

(MENAFN – The Conversation)

The 2005 National Review of School Music Education found that many Australian students had no music education, with huge disparities between states. In 2020, our research for the Tony Foundation revealed the same issues, despite the fact that the Australian music curriculum should ensure some level of consistency.

We now have evidence that we should care about music education not just for the enjoyment of music itself, but also because of its impacts on language learning and literacy. Research into how participation in music affects the brain — a field known as neuromusical research — has taught us a lot about how the brain processes language. Significantly, it treats language the same as music.

If we want to improve literacy, we need to ensure that the cognitive foundations our students need are in place.

In short, we need to view music education as a powerful complementary learning experience, not a “nice but not essential” part of the curriculum.

Read more: Music training can speed up brain development and help build literacy skills

So what are states doing?

We have yet to see this knowledge put into practice across Australia.

Before and after the 2005 review, Queensland had strong music programs in state-funded primary schools since the 1980s. The state has a whole-school classroom music program ( where a teacher is available) and a low-cost instrumental music program for some students. A campaign is underway in Queensland to preserve these programs and ensure that every pupil receives a music lesson every week.

The same cannot be said of other states. Despite steps taken to improve music education in some states, there are still inequalities.

South Australia created a Music Education Strategy and Music Innovation Fund in 2019. Victoria developed a Quality Music Education Framework to guide best practice. Tasmania, Western Australia and the ACT have specialist music teachers in some state primary schools. In New South Wales, general state school teachers are responsible for teaching the entire curriculum, including music.

But how much does music really matter?

Music can advance literacy

Although music education has been found to improve a wide range of cognitive functions, consider literacy development as an example. If literacy scores are below required or expected levels, it seems obvious that the solution is to spend more time on literacy learning to improve those scores. This is the approach taken over the past five years.

Yet, we did not see a significant increase in NAPLAN results. In fact, the dial has moved very little.

Read more: Progress in reading declines between grades 5 and 7, especially for advantaged students: 5 graphs

Thus, the obvious “more time” approach does not produce better literacy outcomes. Could we then look to research outside the literacy field for the next steps in improving literacy in our schools?

The answer is yes. One area traditionally a stone’s throw from literacy – music education – has dramatically improved understanding of how the brain develops language comprehension and application.

Neuromusical research has identified the brain mechanisms and interactions that decode the sounds of language to understand and develop language syntax through to understanding and creating meaning through language. This led to the enlightening discovery that the human brain processes all language as if it were music.

What does this mean for literacy and the current measure of its effectiveness, NAPLAN? This means that we may be missing a fundamental foundation of language development – ​​the development of the auditory processing network to its highest level so that our students can effectively interpret the sounds of language.

Simply put, if a child can’t hear the sound of language – that is, properly process sound through their auditory network – they can’t speak it. And if they can’t speak it, they can’t read it.

Thanks to music, children are literally in tune with the sounds of language. Shutterstock

Read more: Engagement and achievement in music predict higher grades in math, science and English

The costs of inaction are high

Research on the potential of music education to enhance cognitive development is extensive and compelling. This clearly shows that consistent, high-quality musical learning improves overall student learning. Thus, learning music is not just for those who want to become musicians, it benefits everyone.

The cost of waiting, of not solving the problems of music education across Australia, is high. It is a matter of fairness. If the state in which a student is schooled affects their fundamental cognitive development due to the lack of quality music education for every child, then every child is not receiving an equitable and effective education.

The longer we wait to address inequity, the fewer qualified music teachers we will have in Australia. In our report, Music Education: A Sound Investment, we identified that we are on a skill cliff of qualified music educators in this country. In addition to the general shortage of teachers, there are now only a few universities offering a specialization in elementary music education. Urgent action is needed to ensure that there are enough music teachers in all schools, so that children do not miss out.

In education, the fact that politicians and policy makers ignore research evidence is not new. But failing to see the big picture of every child’s development has lasting effects.

The goal of education should be to provide the cognitive preparation for a full and productive life. And music is integral to providing students with the best possible foundation for their education.

MENAFN27022022000199003603ID1103770373

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AVV opens admissions to B.Tech

Amrita University has opened admissions to its B.Tech programs. Applicants must pass the Amrita Engineering Entrance Exam (AEEE) or one of the other qualifying exams such as JEE Mains 2022, SAT or PUEE.

Eligibility: Class 12 or equivalent from a recognized board, with a minimum of 55% each in Physics, Chemistry and Mathematics separately, and a minimum total of 60% in Physics, Chemistry and Mathematics. Applicants for admission must be born on or after July 1, 2001.

For more details, visit https://amrita.edu/btech

Courses in AI and CS

The University of Birmingham in Dubai is inviting applications for its B.Sc. and M.Sc. courses in Artificial Intelligence and Computer Science.

Eligibility: For B.Sc., applicants must have 75% in Standard 12 from ISC, CBSE, Maharashtra and West Bengal State Board or 80% from other state boards. They must also have 85% or higher in math. For M.Sc., applicants must have a B.Sc. from a recognized institution with 55-60% aggregate.

For more details, visit https://bit.ly/3saPevn

Alliance University launches liberal arts school

Alliance University recently launched its liberal arts school at an online event. It offers an undergraduate curriculum with the freedom for students to choose subjects and design their degrees with majors and minors of their interest. For more details visit, https://www.alliance.edu.in/

OckyPocky launches a phonetic AI solution for children

OckyPocky recently introduced phonics functionality to redefine the way children learn language. The newly launched feature, with an interactive teaching method, offers crucial language learning programs to help children achieve long-term success with solid English language proficiency. For more details visit, https://phonetics.ockypocky.com/english

IIT-=Guwahati Launches MA in Liberal Arts

The Department of Humanities and Social Sciences at IIT-Guwahati has recently launched a Master of Liberal Arts program. The first class of 30 students will be admitted from the July 2022 semester. The program aims to provide students with an interdisciplinary and multidisciplinary education and to hone their ability to think critically and creatively about social, political and aesthetic issues that concern our world today.

Tech Mahindra Foundation and AWS Collaborate

Tech Mahindra Foundation recently partnered with Amazon Internet Services Private Limited (AISPL) to enable individuals to start a career in cloud computing technology. The AWS re/Start program – a 12-week, in-person skills-based training program that covers foundational AWS cloud skills as well as practical job skills – will now be offered by Tech Mahindra SMART Academies of Digital Technologies in Hyderabad, Mohali , Visakhapatnam, Bangalore, Delhi, Mumbai and Pune. For more details, visit, https://aws.amazon.com/training/restart/.

Bimlesh Lochab elected Fellow of the Royal Society of Chemistry

Bimlesh Lochab, a professor in the Department of Chemistry, Shiv Nadar University, Delhi-NCR, was recently elected a Fellow of the Royal Society of Chemistry (RSC), UK, and became the second female scientist from India to receive this award. honor.

BYJU’S Tuition Center launched in Chennai

BYJU’S recently launched BYJU’S Tuition Center in Chennai. The eight centers are spread over Egmore, Anna Nagar, Porur, Selaiyur, Velachery, Purasawalkam, Alwarpet and Vadapalani. Available for students in grades 4-10, the centers will be the neighborhood’s physical technology lesson centers that provide an engaging learning experience and better results through the two-teacher model.

Routes2Roots All India VIRSA Inter-School Competition

Routes2Roots recently announced the 11th All India Virsa Inter-School VIRSA Competition for school children across India. Students can participate in various disciplines such as dance, singing, acting, yoga, etc., in teams or individually. Interested persons can register and submit their applications on the Routes2Roots website.

Posted on February 24, 2022

Toni Corso’s students showed off their English skills by writing happy birthday messages to her on the classroom blackboard. Corso teaches English to middle school students in Daejeon, South Korea. The 2020 ULM graduate has a degree in political science and was a student in the Honors Program. She is from Belle Chasse.

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The University of Louisiana Monroe changed Toni Corso’s life.

Today, she is changing lives halfway around the world in Daejeon, South Korea.

Corso, an Honors Program student and graduate in political science from ULM (2020), teaches English as a second language in two colleges in Daejeon.

In addition to the traditional hours of classroom instruction, this spirited young woman has taken on a humanitarian role in Korea as “a volunteer for a non-profit organization that helps rescue North Korean defectors and gives them the resources to adapt to their new life of freedom”. ”

Louisiana Monroe University alumnus Toni Corso wears traditional Korean dress (hanbok) while visiting Gyeongbokgung Palace in Seoul, South Korea. Corso lives in Daejeon and teaches English at two colleges and volunteers with an organization that helps defectors from North Korea. The 2020 ULM graduate has a degree in political science and was a student in the Honors Program. She is from Belle Chasse.

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from southern Louisiana to South Korea

As a teenager in Belle Chasse in the parish of Plaquemines, Corso fell in love with Korean, learning to write the Hangul system (like the English alphabet) with 24 basic letters and 27 complex letters, and speaking and reading the Asian language of ballast.

While at ULM, she took the opportunity to study abroad in her fall semester as an exchange student at National Hanbat University in Daejeon. Since 2012, ULM and Hanbat have had an exchange program.

“After discovering the beauty of the culture and traditions there, I immediately knew that I had to go back there as soon as possible. I know this is where I am meant to be in this current chapter of my life. “, said Corso.

Corso said ULM prepared her for the exchange program by giving her “all the tools to prepare for this life-changing new opportunity and ambition to build a more global perspective on life. And , because I want to work with the Seoul Embassy in the future, my political science classes have definitely given me more knowledge to do so as well.”

Corso credited two professors for providing him with the instruction and knowledge necessary for his trip to South Korea, Joshua Stockley, Ph.D., professor and director of political science and the honors program, and Leigh Hersey, Ph.D. , assistant professor and coordinator. of political science.

“Toni exemplifies how pursuing an honors and political science degree from ULM is not just a theoretical exercise, but rather a practical exercise with the power to bring about positive change in the world. I am very proud of Toni and the difference she has made, is making now and will continue to make in the future,” Stockley said.

“They helped me not only to continue my studies in political science, but also by helping me tremendously with my honors thesis on the North Korean regime, which was completed in May 2020,” she said.

“I am so excited that Toni was able to achieve her dream of living and teaching in Korea. She radiates joy and positivity and is sensitive to the needs of others. As a student, she has continuously strived to do her best while encouraging her classmates to do the same,” Hersey said.

Toni Corso enjoys traveling to South Korea.

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Language, learning and life

Corso’s knowledge of Korean can sometimes be hampered by some of the nuances of any language, which can lead to puzzled looks from colleagues and students.

“Most of the time, I am able to communicate effectively on basic things with ease. But I admit that sometimes it is quite difficult to participate in some of the more advanced topics in the workplace,” he said. she declared.

Corso loves seeing his students break through to understand and speak their second language.

“The most rewarding part of my job is seeing my students’ progress and growth from day one until their language skills are now,” she said. “The fact that I can help their confidence in English is something I don’t take for granted at all.”

“School life here is definitely much more different. The motivation and work ethic of Korean citizens and students here is unmatched,” she said.

Just as satisfying as teaching, Corso helps people who have fled North Korea and the regime of dictator Kim Jong-un.

“The most rewarding part of my volunteer service is the opportunity to make an impact and spread positivity and cultural knowledge to former North Korean citizens,” Corso said.

People Beyond Politics

Teaching and volunteering gave Corso a unique perspective on the differences between the two Koreas, especially through the eyes of an American.

“I think Americans often forget there’s a whole world out there that offers so much more,” she said.

“I would encourage people to make a greater effort to understand the difference between the Republic of Korea (South Korea) and the Democratic People’s Republic of Korea (North Korea). I think there are so many ideas wrong about the two countries and how completely different they are,” she said.

“I also hope that one day people can realize the beautiful and rich culture of North Korea and understand that they are human beings, not just chess pieces in a political discussion about regimes,” he said. Corso added.

For ULM students who are hesitant about career choices, Corso offers simple advice:

“Follow passion over income, hands down. So many times I see my friends stuck in career paths that make them absolutely miserable,” she said.

“One of the most important parts of life’s journey is not just finding out what you want to do, but specifically what you’re not so interested in. I think it’s important to narrow down your passion and your desires that way and keep chasing after any effort,” Corso said.