Duolingo’s legal team reportedly asked an artist to delete inappropriate fan art of Lily, the app’s goth teen mascot. Artist Movail said they removed the posts “by request of duolingo legal team.” One of the pieces, captioned “Don’t give up on your lessons!”, had nearly 30 million views before it was taken down. Duolingo has not publicly confirmed the request or explained the legal basis.

Duolingo - FY2026 Q3 Earnings $DUOL $135.47 [+5.84% AH] ✅ Revenue: $309.0M (Est: $303.2M) [+14% YoY] ❌ EPS: $0.54 (Est: $0.57), GAAP, includes $11.4M DAU bonus accrual Additional Metrics: Gross Margin: 72.9% Operating Income: $24.2M [-31% YoY] Operating Margin: 7.8% Net Income: $27.2M [-91% YoY], year-ago included $222.7M tax benefit Adjusted EBITDA: $78.7M [-2% YoY] Adjusted EBITDA Margin: 25.5% Bookings: $316.1M (Est: $309.1M) [+12% YoY] DAUs: 64.9M (Est: 63.5M) [+29% YoY] MAUs: 153.1M (Est: 148.5M) [+13% YoY] Paid Subscribers: 13.1M [+14% YoY] Operating Cash Flow: $89.4M [+6% YoY] Free Cash Flow: $75.3M [-3% YoY] CapEx: $11.0M Cash and Short-Term Investments: $1.4B Segment Revenue: Subscription: $270.0M [+18% YoY] Advertising: $20.8M [-1% YoY] Duolingo English Test: $9.9M [+2% YoY] In-App Purchases: $6.9M [-38% YoY] Other: $1.5M [+221% YoY] Q4 2026 Guidance: ✅ Revenue: $322M (Est: $313.9M) [+14% YoY] ✅ Adjusted EBITDA: $84M (Est: $81.8M) Bookings: $382M [+13% YoY] FY2026 Guidance: Revenue: $1.22B [+18% YoY] Bookings: $1.30B [+12% YoY] Adjusted EBITDA: $323M (Prior: $320M)

DUOLINGO $DUOL Q3’26 EARNINGS HIGHLIGHTS 🔹 Revenue: $309.0M (Est. $303M) 🟢; +14% YoY 🔹 EPS: $0.54 (Est. $0.56) 🔴; -91% YoY Raises FY26 Guide: 🔹 Revenue: $1.2B (Est. $1.21B) 🟢 🔹 Bookings: $1.3B 🔹 Adjusted EBITDA: $323M; 26.5% margin Q4 Guide: 🔹 Revenue: $322M (Est. $314M) 🟢 🔹 Bookings: $382M 🔹 Adjusted EBITDA: $84M; 26.1% margin Other Q3 Metrics: 🔹 Gross Margin: 72.9% (Est. 70.9%) 🟢; +40 bps YoY 🔹 FCF: $75.3M (Est. $50.2M) 🟢; -3% YoY 🔹 DAUs: 64.9M (Est. 63.49M) 🟢; +29% YoY 🔹 MAUs: 153.1M (Est. 148.53M) 🟢; +13% YoY 🔹 Bookings: $316.1M (Est. $309.05M) 🟢; +12% YoY Key Updates: 🔹 Max Sunset: New Max subscriptions stop this month; existing individual subscribers move to Super family plans 🔹 Video Call: On track to reach all Super subscribers by year-end Comments:

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