Earnings ·
Duolingo reports Q3 revenue of $309.0M, raises full-year bookings guidance to $1.296B
DUOLDuolingo, Inc.
Duolingo reported third-quarter revenues of $309.0 million, a 14% increase year-over-year, driven by 29% daily active user growth and strong subscription performance. The company raised its full-year 2026 bookings guidance to $1.296 billion and adjusted EBITDA expectations to $323 million, citing momentum in user acquisition and monetization strategies including new AI features and partnership integrations. Net income was $27.2 million, down from $292.2 million a year ago due to a one-time tax benefit recognized in the prior period. The company also announced plans to sunset its Duolingo Max tier, migrating subscribers to the Super plan. Duolingo operates as a leading global mobile learning platform focused on language acquisition and education.