Education Services

Duolingo

Conference Minutes

DUOL

LKNCY

The following are the 3Q25 earnings call minutes of $Duolingo(DUOL.US) organized by Dolphin Research. For financial report interpretation, please refer to &#34;Duolingo: Weak Guidance + Uncertainty of Short-term Changes, the Green Bird Falls from the High Valuation Altar.&#34; I. Key Financial Indicators II. Management Report We achieved excellent results in the third quarter, with all indicators performing steadily. This year, we are expected to create outstanding results once again. Currently, more than 50 million people use Duolingo daily. We expect user registrations to reach nearly 1.2 billion this year, with a year-on-year growth rate of 33%...

Luckin Coffee

Pro Ultr R Est

Duolingo (Minutes): Many future opportunities, actively focusing on DAU expansion

Financial Analysis

600130

BIRD

HIGH

$Duolingo(DUOL.US) released its third-quarter 2025 earnings after the market closed on November 5th, Eastern Time. Due to fourth-quarter guidance falling short of expectations (implying a significant slowdown in growth), the company simultaneously stated its intention to make new investments and product changes from a long-term perspective. The core focus shifted from more direct monetization and profit-related metrics (such as paid rate and EBITDA margin improvement pace) to user growth across the ecosystem (MAU, DAU), leading to market uncertainty regarding future monetization performance growth. Following Duolingo's earnings release, the stock price fell by over 20%...

C3.AI

MediaAlpha

Allbirds

Simplify Enhanced Income ETF

Duolingo: Weak Guidance + Uncertainty of Short-term Changes, Green Bird Falls from High Valuation Pedestal

Today’s Key News Recap

HOOD

QCOM

TSLA

SSNGY

01880

UBER

SPOT

601888

TSDD

TSLL

TSLQ

09366

07766

07366

1105 ｜Dolphin Research Key Focus: 🐬 Macro/Industry 1. China has made adjustments to its tariff policy on the United States, announcing the suspension of the previously imposed 24% tariff rate on certain imported goods originating from the United States, while retaining the 10% additional tariff rate. The policy adjustment focuses on balancing trade costs and domestic demand, specifically covering a range of goods including machinery and electronic components. In the short term, the policy will alleviate market concerns about the 'escalation of the tariff war,' while in the long term, further adjustments to tariffs will need to be assessed based on the progress of Sino-US economic and trade negotiations...

Robinhood

Qualcomm

Tesla

Samsung Electronics 

CTG DUTY-FREE

Uber Tech

Unity Software

AppLovin

Spotify

Taiwan Semiconductor

GraniteShares 2x Short TSLA Daily ETF

Direxion Daily TSLA Bull 2X Shares

AXS TSLA Bear Daily ETF

XI2CSOPTSLA-U

XL2CSOPTSLA

XI2CSOPTSLA

Elon Musk reveals new information about Tesla AI5; CDF plans its first interim dividend | Today's Important News Recap

The following is a summary of the Q2 2025 earnings call for $Duolingo(DUOL.US) organized by Dolphin Research. For an interpretation of the earnings report, please refer to the article &#34;Duolingo: User Growth Under Pressure, High Ecosystem Stickiness Alleviates Monetization Concerns.&#34;1. Overview of Financial Metrics2. Q&amp;AQ: The daily active user (DAU) growth in the second quarter was strong but showed some deceleration. What were the main driving factors behind this, and how does the company view the user growth trend for the full year and the second half of the year?A: The DAU in the second quarter increased by 40% year-over-year, which is within the guidance range of 40%-45%, although slightly below expectations...

Duolingo (Minutes): Adjusting Strategy to Mitigate AI Public Opinion Impact

$Duolingo(DUOL.US) released its Q2 2025 earnings after the market closed on August 6th, Eastern Time. Before the earnings report, the market was concerned about the decline in active users. Although the actual MAU did show some weakness, the user retention was very high, and the paid conversion rate increased, resulting in revenue exceeding expectations. Key points of the performance: 1. AI-related public opinion issues affected customer acquisition: In the second quarter, Duolingo was impacted by negative AI-related public opinion (in April, executives claimed AI-first, coupled with the controversy over voice actors' pay cuts, and the official account's sharp response, which caused public dissatisfaction). The company took measures to protect its brand image...

Duolingo: User Growth Under Pressure, High Ecosystem Stickiness Alleviates Monetization Concerns

$Duolingo(DUOL.US) released its Q1 2025 earnings before the U.S. market opened on May 2. Benefiting from the global social media campaign &#34;Dead Duo&#34; at the beginning of the year, Duolingo's growth momentum was quickly ignited, sweeping away the profit gloom of the previous quarter and delivering a report card that almost entirely exceeded expectations. Key highlights: 1. Social media marketing remains the &#34;killer move&#34;: In Q1, Duolingo launched the global campaign &#34;Dead Duo&#34; to rescue Duo, which reactivated a large number of dormant users, driving quarterly MAUs to 130 million...

Duolingo: Marketing genius + Game content expansion = Sustained growth?

Deep Research

Appraisal value

小红书

BYTED

At the beginning of the year, not only Xiaohongshu but also Duolingo gained popularity due to the &#34;TikTok refugee trend.&#34; On January 14th, $Duolingo(DUOL.US) disclosed on its official blog that the number of Mandarin learning users surged by 216% year-on-year. As a language learning platform, the competitive barrier for content is not particularly high, especially since Duolingo's courses are applicable to generalized scenario needs. Therefore, the core user base mainly consists of workers and tourists with foreign language communication needs, as well as students driven purely by interest. However, even relying solely on this group of non-essential users...

ByteDance

Duolingo: Learning Skin, Gaming Heart? The "Code Printing Machine" is the Soul

The following is the minutes of the earnings call for $Duolingo(DUOL.US) for the fourth quarter of 2024. For the interpretation of the financial report, please refer to &#34;The TikTok Refugee Wave Cools Down, Can Green Bird Still Fly?&#34; 1. Review of Key Financial Information: 1. Full-year performance for 2024: In the 3.5 years since its IPO, Duolingo has added 30 million daily active users and 80 million monthly active users, with bookings nearly tripling, and the adjusted EBITDA margin for 2024 is 25.7%. 2. Fourth quarter performance for 2024: Daily active users reached 40 million, a year-on-year increase of 51%...

Duolingo (Minutes): Accelerating the advancement of Max, profit impact is only temporary

$Duolingo(DUOL.US) released its Q4 2024 results after the market closed on February 27th, Eastern Time. Due to higher expectations from buyers, the actual performance for the period had little surprise. However, the indicators that funds are clearly more concerned about, the guidance for Q1 2025 and the full year, performed poorly—without surprises in revenue/income, the pace of profit improvement is significantly lagging behind expectations. This may disappoint some funds, is the gross margin under more pressure due to Max's incremental costs? Or is there an intention this year to penetrate more into low-price regions? Excluding SBC...

Duolingo: With the TikTok refugee wave cooling down, can Green Bird still fly?

$Duolingo(DUOL.US) Quick Interpretation: Q4 performance remains strong, but market expectations are also high. Overall, it basically meets expectations, with only individual indicators like Bookings slightly exceeding expectations, mainly because the expectations of buyers with pricing power are higher than those of the investment banks included by BBG. However, the guidance is poor—without surprises on the revenue/income side, the pace of profit improvement will lag behind market expectations.1. Subscription revenue performance is the most impressive. Q4 revenue grew by 50%, driven by both volume and price.(1) From the perspective of user operation metrics, the platform's high growth is stable and continuous. In Q4, the total user scale MAU increased by 32% year-on-year, with a net increase of 3.6 million quarter-on-quarter, approaching 117 million, while user stickiness DAU/MAU further improved to 34.7%. In terms of willingness to pay, the net increase in paying users at the end of the year was 900,000, and the overall payment rate slightly increased, slightly exceeding market expectations.(2) The average subscription fee finally returned to growth in Q4. Previously, the penetration of the Family plan (calculated based on 5 people in the family plan, the per capita payment is only 30% of the Super individual plan) and the faster expansion of low-priced region users led to a continuous decline in per capita payment. Q4 returned to positive growth, and Dolphin Research believes this is mainly due to the faster increase in payment rates for the higher-priced MAX plan or more users purchasing the video call feature separately.2. Other non-subscription revenues, mainly from advertising, English testing, and in-app purchases, grew slowly, mainly due to poor advertising performance in some regions.3. Q4 profit performance is relatively normal, also due to good subscription performance, with the adjusted EBITDA profit margin (excluding SBC) slightly improving quarter-on-quarter. However, regarding the guidance for Q1, the company previously mentioned that the increase in MAX penetration would lead to increased amortization of Gen-AI investments, thereby affecting short-term gross margins. Therefore, the market has certain expectations, but the actual pressure is still somewhat greater.4. The conference call mainly focuses on management's current performance of the Max feature, Family plan, and international expansion, as well as this year's strategic goals and related actions, along with more explanations regarding the pressure on profit margins.

Severin Exercised and Surrendered Duolingo Stock

Duolingo CEO Exercises Options and Sells Shares

Duolingo's stock rises with 41.1% quarter-on-quarter revenue growth

EFG Asset Management Americas Corp. Increased Holdings of Duolingo in Q2

Duolingo Chief Technology Officer Reports Common Stock Disposition

Duolingo Executives Sell Large Amounts of Stock, Shares Plunge

Meese of Duolingo Repurchased 1,444 Shares

Evercore ISI analyst reiterates buy rating on Duolingo

Citigroup Downgrades Duolingo's Target Price to $270 from $375

Barclays Downgrades Duolingo Target Price

Scotiabank and Morgan Stanley Lower Duolingo Target Price

Duolingo's stock down 21.4% in pre-market trading, JP Morgan cuts target price

Willam Blair Analyst Maintains Buy Rating on Duolingo Stock

Duolingo released FY2025 9 Months Earnings on November 5 After-Market EST, with actual revenue of USD 754.72 M and EPS of USD 7.58

Duolingo released FY2025 Q3 earnings on November 5 After-Market EST, actual revenue USD -211.3 M (forecast USD 260.35 M), actual EPS USD 4.2625 (forecast USD 0.7616)

Duolingo's stock drops 17.34% in after-hours trading following Q3 earnings report

Duolingo CFO Predicts Lesser Impact of User Growth Strategy in Q4 Bookings Forecast