Duolingo Q4 revenue $282.9M (+35% YoY); guides slower 2026 growth; $400M buyback authorized

Duolingo, Inc.

2025-FY EPS reported $8.57 revenue$1,037,589,000

Q4 revenue $282.9M (+35% YoY); FY 2025 revenue $1.04B (+39% YoY). DAUs 52.7M (+30%), paid subs 12.2M (+28%).
Q4 net income $42.0M; FY net income $414.1M (includes $256.7M tax benefit). FY adjusted EBITDA $305.9M (29.5% margin).
CEO prioritizes user growth over monetization: expects 2026 bookings growth ~11% (vs ~20% prior) and adj. EBITDA margin ~25%.
Board authorized $400M share repurchase program; no expiration, open-market purchases at company discretion.
Chess reached 7M DAUs in <1 year; Math and Music expansion underway; AI features (Video Call) moving to Super tier.

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