Below is Dolphin Research Trans for $Duolingo(DUOL.US) FY26Q1 earnings call. For our earnings take, see 'Duolingo: inching forward, Duo's turnaround won't be easy'.
Core takeaways recap: full-year guidance unchanged. Bookings to grow approx. 10.5% (guide 10%-12%), revenue approx. 16.1% (guide 15%-18%)...
As the first quarter under the new strategy, and against muted expectations, $多邻国 (DUOL.US) delivered broadly in-line Q1 results. Management kept FY guidance cautious, seemingly to retain flexibility.
This includes lowering Max pricing and anticipating AI costs to compress GPM, a trajectory not favored by subscription-focused investors. The stance runs counter to funds that prefer steady, premium subscription pricing.1) New strategy rolling out cautiously: The 2026 plan, repeatedly emphasized over the last two quarters, to sacrifice near-term monetization to restore healthy user growth is now being executed. Execution is paced deliberately...
+12Below is Dolphin Research's Trans of $Duolingo(DUOL.US) FY25 Q4 earnings call. For the earnings analysis, cf. 'Duolingo: Guidance bomb again—has the green bird turned into Dead Duo?'
I. Core highlights recap. 1) FY2026 guidance.Bookings +10%–12%. Revenue +15%–18%. Adj. EBITDA margin ~25%...
$Duolingo(DUOL.US) reported Q4 FY2025 results after market close on Feb. 26 (ET), another guidance bomb.
Specifically:1) Guidance collapsed — genuine weakness or sandbagging?Starting with guidance, management projects Q1 bookings growth of only 11%, with full-year growth at 10–12%.Versus 33% in 2025, this is clearly more than a natural slowdown.Meanwhile, EBITDA margin guidance is below expectations, even down 400bps vs. 2025...
+9The following are the 3Q25 earnings call minutes of $Duolingo(DUOL.US) organized by Dolphin Research. For financial report interpretation, please refer to "Duolingo: Weak Guidance + Uncertainty of Short-term Changes, the Green Bird Falls from the High Valuation Altar." I. Key Financial Indicators II. Management Report We achieved excellent results in the third quarter, with all indicators performing steadily. This year, we are expected to create outstanding results once again. Currently, more than 50 million people use Duolingo daily. We expect user registrations to reach nearly 1.2 billion this year, with a year-on-year growth rate of 33%...
$Duolingo(DUOL.US) released its third-quarter 2025 earnings after the market closed on November 5th, Eastern Time. Due to fourth-quarter guidance falling short of expectations (implying a significant slowdown in growth), the company simultaneously stated its intention to make new investments and product changes from a long-term perspective. The core focus shifted from more direct monetization and profit-related metrics (such as paid rate and EBITDA margin improvement pace) to user growth across the ecosystem (MAU, DAU), leading to market uncertainty regarding future monetization performance growth. Following Duolingo's earnings release, the stock price fell by over 20%...
+11The following is a summary of the Q2 2025 earnings call for $Duolingo(DUOL.US) organized by Dolphin Research. For an interpretation of the earnings report, please refer to the article "Duolingo: User Growth Under Pressure, High Ecosystem Stickiness Alleviates Monetization Concerns."
1. Overview of Financial Metrics
2. Q&A
Q: The daily active user (DAU) growth in the second quarter was strong but showed some deceleration. What were the main driving factors behind this, and how does the company view the user growth trend for the full year and the second half of the year?
A: The DAU in the second quarter increased by 40% year-over-year, which is within the guidance range of 40%-45%, although slightly below expectations...
$Duolingo(DUOL.US) released its Q2 2025 earnings after the market closed on August 6th, Eastern Time. Before the earnings report, the market was concerned about the decline in active users. Although the actual MAU did show some weakness, the user retention was very high, and the paid conversion rate increased, resulting in revenue exceeding expectations. Key points of the performance: 1. AI-related public opinion issues affected customer acquisition: In the second quarter, Duolingo was impacted by negative AI-related public opinion (in April, executives claimed AI-first, coupled with the controversy over voice actors' pay cuts, and the official account's sharp response, which caused public dissatisfaction). The company took measures to protect its brand image...
+11$Duolingo(DUOL.US) released its Q1 2025 earnings before the U.S. market opened on May 2. Benefiting from the global social media campaign "Dead Duo" at the beginning of the year, Duolingo's growth momentum was quickly ignited, sweeping away the profit gloom of the previous quarter and delivering a report card that almost entirely exceeded expectations. Key highlights: 1. Social media marketing remains the "killer move": In Q1, Duolingo launched the global campaign "Dead Duo" to rescue Duo, which reactivated a large number of dormant users, driving quarterly MAUs to 130 million...
+11At the beginning of the year, not only Xiaohongshu but also Duolingo gained popularity due to the "TikTok refugee trend." On January 14th, $Duolingo(DUOL.US) disclosed on its official blog that the number of Mandarin learning users surged by 216% year-on-year. As a language learning platform, the competitive barrier for content is not particularly high, especially since Duolingo's courses are applicable to generalized scenario needs. Therefore, the core user base mainly consists of workers and tourists with foreign language communication needs, as well as students driven purely by interest. However, even relying solely on this group of non-essential users...
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