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Duolingo

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Duolingo is a company that makes a mobile and web app for learning languages, along with other subjects. It publishes investor materials such as quarterly shareholder letters.

Documents

Cover of Shareholder Letter: Q3 2025
Financial report23 pages

Shareholder Letter: Q3 2025

Duolingo reported robust Q3 2025 performance, with revenue climbing 41% YoY to $271.7 million and daily active users expanding 36% to 50.5 million.

  • Duolingo reported Q3 2025 revenue of $271.7 million, a 41% increase year-over-year.
  • Daily active users grew 36% to 50.5 million, while paid subscribers increased 34% to 11.5 million.
  • Adjusted EBITDA reached $80 million, representing a 29.5% margin, supported by operating leverage and a one-time tax benefit.
DuolingoNov 2025