- Revenue: $230.7M, +38% YoY
- Net income: $35.1M, +30% YoY
- Paid subscribers: 10.3M, +40% YoY
CEO Luis von Ahn: "2025 is off to a fantastic start... Bookings growth exceeded our prior guidance, driven by subscriber growth and strong performance of our higher-priced plans."
🌱Revenue & Growth
- Total revenue: $230.7M, +38% YoY
- Subscription revenue: $191M, +45% YoY
- Other revenue (ads, tests, IAP): $39.8M, +11% YoY
- Total bookings: $271.6M, +38% YoY
- Subscription bookings: $232.2M, +44% YoY
- Daily Active Users (DAUs): 46.6M, +49% YoY
- Monthly Active Users (MAUs): 130.2M, +33% YoY
💰Profits & Health
- Gross profit: $164.1M, +34% YoY
- Gross margin: 71.1% vs 73.0% in Q1 2024
- Adjusted EBITDA: $62.8M, +43% YoY
- Adjusted EBITDA margin: 27.2% vs 26.3%
- Free Cash Flow: $103M, +31% YoY
- Net cash from operations: $105.6M, +26% YoY
- Cash & equivalents: $884M
📌Business Highlights
- Launched Dead Duo campaign: 1.7B organic impressions
- Expanded Duolingo Max with AI features and 3D interactions
- Introduced 150+ new language courses using AI
- Chess course to launch, expanding into non-language learning
- Operating cost savings achieved ahead of schedule for GenAI features
🔮Future Outlook
- Q2 2025 revenue guide: $238.5M–$241.5M, +34%–36% YoY
- FY2025 revenue guide: $987M–$996M, +32%–33% YoY
- FY2025 bookings: $1.118B–$1.127B, +28%–29% YoY
- FY2025 Adjusted EBITDA: $271.4M–$283.9M, margin 27.5%–28.5%
- FY gross margin expected to decline ~150 bps due to AI costs
- Sequential EBITDA margin expansion expected in H2 2025