Earnings summaries and quarterly performance for Duolingo.
Executive leadership at Duolingo.
Board of directors at Duolingo.
Research analysts who have asked questions during Duolingo earnings calls.
AS
Alexander Sklar
Raymond James Financial, Inc.
7 questions for DUOL
Also covers: AIOT, BL, EVCM +11 more
Andrew Boone
JMP Securities
7 questions for DUOL
Also covers: ACVA, CARG, CART +26 more
BS
Bryan Smilek
JPMorgan Chase & Co.
7 questions for DUOL
Also covers: CHGG, COUR, CRTO +4 more
Justin Patterson
KeyBanc Capital Markets
7 questions for DUOL
Also covers: ABNB, ANGI, CART +15 more
Ralph Schackart
William Blair
7 questions for DUOL
Also covers: APP, CARG, DIBS +6 more
Ryan MacDonald
Needham & Company
7 questions for DUOL
Also covers: ACCD, AMWL, BNED +21 more
WS
Wyatt Swanson
D.A. Davidson & Co.
7 questions for DUOL
Also covers: CARG, EXPI, REAX +3 more
CN
Curtis Nagle
Bank of America
5 questions for DUOL
Also covers: ACVA, APG, BMBL +16 more
Mark Mahaney
Evercore ISI
5 questions for DUOL
Also covers: ABNB, AMZN, BKNG +23 more
Nathaniel Feather
Morgan Stanley
5 questions for DUOL
Also covers: BMBL, CHWY, EBAY +7 more
RS
Ross Sandler
Barclays
5 questions for DUOL
Also covers: AMZN, CART, DASH +14 more
Shweta Khajuria
Wolfe Research, LLC
5 questions for DUOL
Also covers: BMBL, CART, CHWY +15 more
Eric Sheridan
Goldman Sachs
3 questions for DUOL
Also covers: ABNB, ACVA, AMZN +47 more
Aaron Kessler
Seaport Research Partners
2 questions for DUOL
Also covers: GDDY, HIMS
Arvind Ramnani
Piper Sandler
2 questions for DUOL
Also covers: CCC, CWAN, GLOB +6 more
CK
Chris Kuntarich
UBS Group
2 questions for DUOL
Also covers: APP, BIGC, COMP +6 more
Christopher Kuntarich
UBS
2 questions for DUOL
Also covers: APP, COMP, DSP +6 more
EK
Edison Kai
Citic Securities
2 questions for DUOL
Hanyi Cai
CITIC Securities
2 questions for DUOL
John Colantuoni
Jefferies
2 questions for DUOL
Also covers: ABNB, ACVA, BKNG +10 more
Mark Stephen Mahaney
Evercore ISI
2 questions for DUOL
Also covers: BKNG, ODD, ZG
CC
Christian Charcoal
UBS Group AG
1 question for DUOL
CL
Crystal Li
CMS
1 question for DUOL
Also covers: GOTU
GA
Georgia Anderson
Wolfe Research
1 question for DUOL
Also covers: ODD
Recent press releases and 8-K filings for DUOL.
Duolingo Shares Tumble on Slower Earnings Growth and Profitability Outlook
DUOL
Legal Proceedings
Profit Warning
Guidance Update
- Faruqi & Faruqi, LLP is investigating potential claims against Duolingo after its shares tumbled as much as 22% on February 27th.
- The company announced that its strategy to gain subscribers will lead to slower earnings growth and narrower profit margins in the short term.
- Duolingo plans to increase investment in artificial intelligence to accelerate user growth, with the goal of doubling daily active users to 100 million by 2028.
- For the first quarter, Duolingo expects adjusted Ebitda of $73.6 million, which trails analyst estimates of $84 million.
7 hours ago
Duolingo Announces Q4 2025 Results, 2026 Guidance, CFO Change, and Share Buyback
DUOL
Earnings
CFO Change
Guidance Update
Share Buyback
- Duolingo announced a CFO transition, with Gillian Munson (long-term board member and audit committee chair) replacing Matt Skaruppa.
- For Q4 2025, the company surpassed 50 million daily active users, achieved $1 billion in bookings, and over $300 million in adjusted EBITDA.
- For 2026, Duolingo expects bookings growth of 10%-12%, revenue growth of 15%-18%, and an adjusted EBITDA margin around 25%. This guidance reflects a strategic prioritization of Daily Active User (DAU) growth, targeting 20% year-over-year DAU growth in 2026 and 100 million DAUs by 2028, which is expected to lead to slower bookings growth and lower profitability in the short term.
- The board authorized a share buyback of up to $400 million.
1 day ago
Duolingo Reports Strong 2025 Results, Announces Strategic Shift for User Growth, and Issues 2026 Guidance
DUOL
Earnings
Guidance Update
Share Buyback
- Duolingo reported a strong 2025, surpassing 50 million daily active users, achieving over $1 billion in bookings, and more than $300 million in adjusted EBITDA.
- For 2026, the company is prioritizing user growth, aiming for 100 million daily active users by 2028, which is expected to result in slower bookings growth and lower profitability in the short term.
- 2026 guidance includes bookings growth of 10%-12%, revenue growth of 15%-18%, and an adjusted EBITDA margin around 25%.
- The board authorized a share buyback of up to $400 million.
- Gillian Munson has been appointed as the new CFO.
1 day ago
Duolingo Announces Q4 2025 Results, Strategic Shift, and 2026 Guidance
DUOL
Guidance Update
New Projects/Investments
Share Buyback
- Duolingo reported a strong 2025, surpassing 50 million daily active users, over $1 billion in bookings, and more than $300 million in adjusted EBITDA.
- The company announced a strategic shift to prioritize user growth, aiming for 100 million daily active users by 2028, which is expected to result in slower bookings growth and lower profitability in the short term.
- For 2026, Duolingo provided guidance of 10%-12% bookings growth, 15%-18% revenue growth, and an adjusted EBITDA margin of around 25%.
- The board authorized a share buyback of up to $400 million.
- Gillian Munson has been appointed as the new Chief Financial Officer.
1 day ago
Duolingo Reports Q4 and Full Year 2025 Results, Authorizes Share Repurchase, and Provides 2026 Guidance
DUOL
Earnings
Share Buyback
Guidance Update
- Duolingo reported strong financial results for Q4 and full year 2025, with Q4 2025 revenue of $282.9 million and full year 2025 revenue of $1,037.6 million. Daily active users reached 52.7 million in Q4 2025, representing a 30% year-over-year increase.
- The company's Board of Directors authorized a share repurchase program of up to $400 million.
- For 2026, Duolingo is prioritizing user growth and teaching improvements, a strategy expected to moderate near-term financial growth. The company anticipates 2026 daily active user growth of approximately 20%.
- Duolingo provided Q1 2026 guidance including bookings of $301.5 million and revenues of $288.5 million, and full-year 2026 guidance for bookings between $1,274 million and $1,298 million and revenues between $1,197 million and $1,221 million.
1 day ago
Duolingo Announces CFO Transition and Preliminary Q4 2025 Metrics
DUOL
CFO Change
Executive Compensation
Guidance Update
- Duolingo, Inc. announced the appointment of Gillian Munson as Chief Financial Officer, effective February 23, 2026, succeeding Matt Skaruppa.
- Ms. Munson will receive an annual base salary of $800,000 and an RSU grant valued at $14,000,000, vesting over four years.
- Mr. Skaruppa will transition to an advisory role until November 20, 2026, receiving a monthly base salary of $32,292 and continued vesting of outstanding RSUs.
- The company provided a preliminary update for Q4 2025, showing Daily Active User (DAU) growth of approximately 30% year over year and bookings at or slightly above the high end of its guidance range of $329.5 million - $335.5 million.
Jan 12, 2026, 11:46 AM
Duolingo Announces CFO Transition and Provides Preliminary Q4 2025 Update
DUOL
CFO Change
Guidance Update
Management Change
- Duolingo appointed Gillian Munson as its new Chief Financial Officer (CFO), effective February 23, 2026, succeeding Matt Skaruppa who will assume an advisory role. Munson has served on Duolingo's Board of Directors since 2019 and previously held CFO positions at Vimeo, Iora Health, Inc., and XO Group Inc..
- The company also provided a preliminary update for the fourth quarter ended December 31, 2025, reporting Daily Active User (DAU) growth of approximately 30% year over year and bookings at or slightly above the high end of its previously announced guidance range of $329.5 million - $335.5 million.
Jan 12, 2026, 11:45 AM
Duolingo and Digital Language Learning Market Projected for Significant Growth
DUOL
Revenue Acceleration/Inflection
New Projects/Investments
Earnings
- The global digital language learning market was valued at US$ 26.54 billion in 2024 and is projected to reach US$ 116.88 billion by 2033, growing at a CAGR of 17.9% from 2025-2033.
- Duolingo reported strong user engagement in Q3 2024 with 37.2 million daily active users (DAU) and 113.1 million monthly active users (MAU), converting its free user base into 8.6 million paid subscribers as of September 30, 2024.
- Duolingo's financial performance included total revenue of USD 748 million for the year and USD 192.6 million in Q3 2024 revenue, with Adjusted EBITDA of USD 47.5 million and USD 52.7 million in free cash flow for Q3 2024.
- Key market drivers include the adoption of Generative AI features, surging international student enrollment, stricter work visa proficiency requirements, and the shift towards digital proficiency testing.
Dec 8, 2025, 4:30 PM
Duolingo Reports Strong Q3 2025 Results and Prioritizes Long-Term Growth with AI
DUOL
Earnings
Guidance Update
New Projects/Investments
- Duolingo reported a strong Q3 2025 with solid performance across all metrics, guiding to nearly $1.2 billion in bookings for 2025, representing 33% growth, and an adjusted EBITDA margin of 29%.
- The company is prioritizing long-term user growth and teaching efficacy, driven by the significant AI opportunity in education, which is expected to lead to a product that teaches better than ever before.
- This strategic shift is anticipated to cause some deceleration in Q4 bookings and and revenue growth, as the company prioritizes user growth over short-term monetization in certain trade-offs.
- Daily Active Users (DAUs) grew 36% year-over-year in Q3 2025, with September and October showing around 30% year-over-year growth.
- The Chess course is Duolingo's fastest-growing course, with retention slightly higher than language learning, and a player-versus-player (PVP) feature is being rolled out.
Nov 5, 2025, 10:30 PM
Duolingo Reports Strong Q3 2025 and Prioritizes Long-Term User Growth
DUOL
Earnings
New Projects/Investments
Guidance Update
- Duolingo achieved strong Q3 2025 results, reporting 36% year-over-year daily active user (DAU) growth and guiding to nearly $1.2 billion in bookings for the year, a 33% increase, with an adjusted EBITDA margin of 29%.
- The company is implementing a durable strategic shift to prioritize long-term user growth and teaching efficacy over short-term monetization, driven by the significant opportunity in AI-powered education.
- This reprioritization is expected to lead to some deceleration in bookings and revenue growth in Q4 and potentially into 2026, as resources are reallocated towards product innovation and user acquisition.
- Product developments include expanding content for the top nine languages to a professional proficiency level, introducing guided video calls, and enhancing math and music courses. The chess course is the fastest-growing, with player-versus-player (PVP) functionality rolling out.
- Max subscribers now constitute 9% of total subscribers, with bookings doubling year-over-year in Q3, and Max renewals are performing slightly better than Super subscribers.
Nov 5, 2025, 10:30 PM
Quarterly earnings call transcripts for Duolingo.
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