Duolingo Q4 Revenue Up 35% to $283M; 2026 Bookings Guided at $1.274–$1.298B
Duolingo’s Q4 revenue rose 35% to $283 million with DAU up 30% to 52.7 million, 12.2 million paid subscribers, and adjusted EBITDA margin at 29.5%, while the board authorized a $400 million buyback. For 2026, bookings guidance is $1.274–$1.298 billion, EBITDA margin about 25%, and DAU growth at 20%.
1. Q4 2025 Financial Results
Duolingo reported fourth-quarter revenue of $282.9 million, a 35% increase year-over-year. Daily active users grew 30% to 52.7 million, paid subscribers reached 12.2 million, and adjusted EBITDA margin expanded to 29.5%.
2. Share Repurchase Authorization
The board approved a $400 million share repurchase program backed by a strong balance sheet with $1.04 billion in cash and zero debt. This move underscores the company’s capital allocation discipline and confidence in long-term growth.
3. 2026 Guidance and Growth Strategy
For full-year 2026, Duolingo forecasts bookings of $1.274–$1.298 billion, an adjusted EBITDA margin of about 25%, and daily active user growth near 20%. The company plans to invest over $50 million in reducing free-tier friction to accelerate user growth before re-monetizing at scale.