Duolingo Q1 revenue up 38% YoY to $230.7M, adds record DAUs, raises guidance

Duolingo, Inc.

2025-Q1 EPS reported $0.72 revenue$230,743,000

DAUs grew 49% YoY to 46.6M; paid subscribers surpassed 10M (up 40% YoY).
Total bookings $271.6M (+38% YoY); subscription bookings $232.2M (+44%).
Net income $35.1M (up 30% YoY); Adj EBITDA $62.8M (27.2% margin vs 26.3%).
Raised FY25 bookings guidance midpoint to 29% YoY growth; Adj EBITDA margin raised to 28%.
Dead Duo campaign generated 1.7B organic impressions; new Chess course; AI cost optimizations ahead of schedule.

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