$DUOL | Duolingo Q3 Earnings Highlights:

🔹 EPS: $0.49 (Est. $0.35) 🟢

🔹 Adjusted EBITDA: $47.5M (Est. $43M) 🟢

🔹 Revenue: $192.6M (Est. $189M) 🟢; UP +40% YoY

Q4 Guidance

🔹 Revenue: $202.5M - $205.5M (Est. $202M) 🟢

🔹 Bookings: $244.5M - $247.5M

🔹 Adjusted EBITDA: $48.6M - $50.8M

🔹 Adjusted EBITDA Margin: 24.0% - 24.7%

Q3 User Metrics

🔹 Daily Active Users: 37.2M; UP +54% YoY

🔹 Monthly Active Users: 113.1M; UP +36% YoY

🔹 Paid Subscribers: 8.6M; UP +47% YoY

Revenue Breakdown

🔹 Subscription Revenue: $157.6M; UP +49% YoY

🔹 Other Revenue: $35.0M; UP +10% YoY

🔹 Subscription Bookings: $176.3M; UP +45% YoY

Business Highlights

🔸 Record penetration in family plan subscriptions

🔸 Strong adoption of Duolingo Max, increasing user engagement

🔸 AI-powered features, including Video Call, driving higher engagement rates

🔸 Continued growth in new and returning users

CEO Commentary

🔸 "We performed superbly across key metrics this quarter, with DAU and bookings growth exceeding expectations. Our momentum stems from executing our strategy to grow users, daily engagement, and family plan adoption, as well as broader Duolingo Max rollout." — Luis von Ahn, CEO