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)
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