Tag: bandit algorithm
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Duolingo Achieves $500M Annual Revenue with Only 9% of Users Paying, Relying on Gamification and AI Enhancements
Duolingo, a leading language learning app, generates approximately $500 million annually with a user base where 80% do not pay for its services. With over 34 million daily users, Duolingo has maintained its position as one of the top education apps through a combination of advertising, which constitutes less than 8% of its revenue, and…