Duolingo Earnings: What To Look For From DUOL

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Duolingo Earnings: What To Look For From DUOL

Duolingo Earnings: What To Look For From DUOL

Jabin Bastian

Thu, February 26, 2026 at 12:26 AM GMT+9 2 min read

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  •                                       StockStory Top Pick 
    

    DUOL

    +1.30%

Language-learning app Duolingo (NASDAQ:DUOL) will be announcing earnings results this Thursday after market hours. Here’s what you need to know.

Duolingo beat analysts’ revenue expectations last quarter, reporting revenues of $271.7 million, up 41.1% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ EBITDA estimates and full-year EBITDA guidance beating analysts’ expectations. It reported 135.3 million users, up 19.6% year on year.

Is Duolingo a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Duolingo’s revenue to grow 31.6% year on year, slowing from the 38.8% increase it recorded in the same quarter last year.

Duolingo Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Duolingo has a history of exceeding Wall Street’s expectations.

Looking at Duolingo’s peers in the consumer subscription segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Roku delivered year-on-year revenue growth of 16.1%, beating analysts’ expectations by 3%, and Udemy reported a revenue decline of 3%, in line with consensus estimates. Roku traded up 8.6% following the results while Udemy’s stock price was unchanged.

Read our full analysis of Roku’s results here and Udemy’s results here.

The outlook for 2025 remains clouded by potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. Investors in consumer subscription stocks have been spared in this environment as share prices are down 19.2% on average over the last month. Duolingo is down 27.9% during the same time and is heading into earnings with an average analyst price target of $250.40 (compared to the current share price of $109.20).

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