• Duolingo average ebitda margin for 2023 was -7.95%, a 59.06% decline from 2022.
• Duolingo average ebitda margin for 2022 was -19.42%, a 10.15% decline from 2021.
• Duolingo average ebitda margin for 2021 was -17.63%, a 118.46% increase from 2020.

Ebitda margin can be defined as earnings before interest, taxes, depreciation and amortization as a portion of total revenue.