NASDAQ$DUOL
Duolingo · Q2 2025 earnings
Q2 2025 earnings · · After market close · Investor relations
Briefing
Duolingo reported strong Q2 2025 results with revenue growth of 41% year-over-year driven by subscriber expansion.
Duolingo achieved record quarterly revenue of $252.3 million in Q2 2025, up 41% from the prior year, alongside net income of $44.8 million. Monthly active users reached 128.3 million and paid subscribers grew to 10.9 million. The company continued to invest in product development while maintaining profitability.
- Revenue grew 41% year-over-year to $252.3 million, led by a 46% increase in subscription revenue.
- Net income rose 84% to $44.8 million with diluted EPS of $0.91.
- MAUs increased 24% to 128.3 million and paid subscribers grew 37% to 10.9 million.
- Operating income reached $33.4 million as the company scaled efficiently.
Headline financials
Revenue & EPS history
Duolingo · Revenue · Quarterly
$252M
Revenue by segment
Duolingo · $252M total across 2 segments · Q2 2025
- Subscription$211M—83.5%
- Other$41.6M—16.5%
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports
+5.3%
Avg return
Earnings day
+2.3%
Avg return
5 days after
+9.4%
Avg return
30 days after
61%
14 / 23 earnings
Positive
+42.5%
Q1 2022
Best reaction
-25.5%
Q3 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2025 | — | — | — | |
| Q1 2026 | -0.9% | -3.0% | -4.7% | |
| Q4 2025 | +12.0% | -18.1% | -18.8% | |
| Q3 2025 | -25.5% | -25.0% | -23.2% | |
| Q1 2025 | +21.6% | +23.9% | +29.9% | |
| Q4 2024 | -17.0% | -22.1% | -16.2% | |
| Q3 2024 | +4.2% | +5.0% | +21.6% | |
| Q2 2024 | +8.4% | +10.1% | +26.2% | |
| Q1 2024 | -19.4% | -27.3% | -24.1% | |
| Q4 2023 | +22.8% | +15.5% | +13.4% | |
| Q3 2023 | +23.4% | +29.7% | +30.5% | |
| Q2 2023 | +3.4% | -0.9% | +11.5% | |
| Q1 2023 | +12.0% | +7.3% | +19.4% | |
| Q4 2022 | +24.7% | +34.0% | +52.8% | |
| Q3 2022 | -4.6% | -4.1% | -10.8% | |
| Q2 2022 | -1.4% | -5.9% | -11.2% | |
| Q1 2021 | +27.1% | +18.5% | +39.4% | |
| Q1 2022 | +42.5% | +29.0% | +48.2% | |
| Q4 2021 | -3.0% | +3.9% | +24.3% | |
| Q3 2020 | -7.3% | -6.8% | -36.8% | |
| Q3 2021 | +3.3% | -4.3% | -34.8% | |
| Q2 2020 | +0.5% | -1.8% | +27.5% | |
| Q4 2020 | +0.5% | -1.8% | +27.5% | |
| Q2 2021 | -4.4% | -3.6% | +23.8% | |
| Q1 2020 | — | — | — |
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