The earnings call highlighted Duolingo's strong user growth and strategic focus on AI and long-term educational impact, despite some short-term deceleration in bookings growth due to strategic shifts.

Company Guidance

In the recent Duolingo earnings call, the company provided guidance indicating strong performance in the third quarter of 2025, with over 50 million daily active users and projected bookings of nearly $1.2 billion for the year, reflecting a growth rate of 33%. The adjusted EBITDA margin was reported at 29%. The company highlighted a significant opportunity in leveraging AI to enhance educational offerings, aiming for a product that teaches as effectively as a human tutor. Despite some deceleration in daily active users anticipated for the fourth quarter, Duolingo remains focused on long-term user growth, monetization, and improving teaching efficacy. The company is optimistic about future initiatives, such as enhanced video calls and expanding content across its language and subject offerings, to drive user engagement and growth.

Strong Daily Active User Growth

Duolingo posted a 36% year-over-year growth in daily active users (DAUs) for Q3 2025, driven by partnerships and product improvements.

Significant Increase in Bookings and Adjusted EBITDA Margin

Guidance for nearly $1.2 billion in bookings for the year with 33% growth and an adjusted EBITDA margin of 29%.

Expansion of AI and Product Innovation

The company is focusing on AI to enhance teaching efficacy, aiming to create an app that teaches as well as a human tutor, potentially increasing users from 135 million monthly active users to billions.

Chess Course Success

The chess course is the fastest-growing course with millions of users and retention slightly higher than language courses.

Growth in Asia and China

Asia is the fastest-growing region, with China as the second largest country by DAUs, accounting for about 5-6% of the business.

Duolingo (DUOL) Earnings, Revenues Date & History

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DUOL Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 26, 2026	2025 (Q4)	0.82 / -	0.28	―	―	―
Nov 05, 2025	2025 (Q3)	0.76 / 5.95	0.49	1114.29% (+5.46)	―
Aug 06, 2025	2025 (Q2)	0.59 / 0.91	0.51	78.43% (+0.40)	―
May 01, 2025	2025 (Q1)	0.52 / 0.72	0.57	26.32% (+0.15)	―
Feb 27, 2025	2024 (Q4)	0.48 / 0.28	0.26	7.69% (+0.02)	―
Nov 06, 2024	2024 (Q3)	0.35 / 0.49	0.06	716.67% (+0.43)	―
Aug 07, 2024	2024 (Q2)	0.32 / 0.51	0.08	537.50% (+0.43)	―
May 08, 2024	2024 (Q1)	0.27 / 0.57	-0.06	1050.00% (+0.63)	―
Feb 28, 2024	2023 (Q4)	0.04 / 0.26	-0.35	174.29% (+0.61)	―
Nov 08, 2023	2023 (Q3)	-0.07 / 0.06	-0.46	113.04% (+0.52)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

DUOL Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 05, 2025	$260.02	$193.74	-25.49%
Aug 06, 2025	$343.61	$390.84	+13.75%
May 01, 2025	$400.00	$486.42	+21.61%
Feb 27, 2025	$375.78	$312.07	-16.95%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.