Duolingo Inc (NAS:DUOL)

Q3 2025 Duolingo Inc Earnings Call Transcript

Nov 5, 2025 / 10:30 PM GMT

Release Date Price: $260.02 (-0.77%)

Transcript 10-Q8-K

Key Points

Positve

Duolingo Inc (DUOL) reported strong Q3 performance with 36% year-over-year growth in daily active users (DAUs).
The company is on track to achieve nearly $1.2 billion in bookings for the year, with a 33% growth rate and an adjusted EBITDA margin of 29%.
Duolingo Inc (DUOL) is leveraging AI to enhance its educational offerings, aiming to create an app that teaches as effectively as a human tutor.
The chess course is the fastest-growing course, surpassing math and music, with millions of users and higher retention rates.
The company is seeing significant growth in Asia, particularly in China, which is now the second-largest country in terms of DAUs.

Negative

Duolingo Inc (DUOL) expects some deceleration in DAU growth in Q4 compared to Q3.
The company is prioritizing long-term user growth over immediate monetization, which may impact short-term financial performance.
There is a lag between improvements in teaching efficacy and user growth, which could delay monetization benefits.
The competitive landscape with AI advancements poses potential challenges, although Duolingo Inc (DUOL) is not currently worried about direct competition from AI like ChatGPT.
The company is not providing specific guidance for next year, creating some uncertainty about future financial performance.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

DUOL.OQ - Duolingo Inc
Q3 2025 Duolingo Inc Earnings Call
Nov 05, 2025 / 10:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good evening everyone. Welcome to Duolingo's 3rd quarter 2025 earnings webcast. Today, after the market closed, we released our Q3 shareholder letter which you can also find on our website at investors. Duolingo.com.

Today we have Luis Fanon, our co-founder and CEO, and Matt Skrupa, our CFO. Analysts can ask a question by using the raise hand feature. Please note that this event is being recorded and all attendees are in listen-only mode. As a reminder, we will make forward-looking statements regarding future events and financial performance which are subject to material risks and uncertainties, some of which these risks are set forth in our filings with the SEC.

These forward-looking statements are based on our assumptions that we

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