Duolingo, Inc. (DUOL) Announced Q4 2025 Earnings on February 26, 2026, Reporting "over 1 billion in bookings and more than $300 million in adjusted EBITDA"

During the Q4 2025 earnings call, CEO Luis von Ahn reported that Duolingo surpassed 50 million daily active users and delivered over 1 billion in bookings and more than $300 million in adjusted EBITDA for the year.

Newly appointed CFO Gilian Munson announced that the Board authorized a buyback of up to $400 million of the company shares.

Management outlined a strategic shift for 2026, prioritizing the size of the active learner base over near-term monetization.

The medium-term goal is to reach 100 million daily active users in 2028. To achieve this, the company will focus on three categories: teaching languages better, improving the free user experience, and feeding new growth engines like the math, music, and chess subjects.

Regarding product updates, Duolingo Chess reached about 7 million daily active users in less than a year.

The company also plans to experiment with moving the video call feature into the Super Duolingo tier and rolling out a speaking adventures feature.

For forward guidance, management expects 2026 year bookings growth of 10 percent to 12 percent, revenue growth of 15 percent to 18 percent, and an adjusted EBITDA margin around 25 percent.

For Q1 2026, guidance includes 11 percent bookings growth, 25 percent revenue growth, and an adjusted EBITDA margin of 25.5 percent.