Duolingo Q1 revenue rises 38% to $230.7 million; full-year bookings guidance raised
Duolingo reported first-quarter 2025 revenue of $230.7 million, up 38% from a year earlier, and net income of $35.1 million, up from $27.0 million. The company raised its full-year 2025 bookings growth guidance to about 29% and its Adjusted EBITDA margin guidance midpoint to 28%, which signals stronger expected growth and profitability for shareholders.
Key points
- Q1 total bookings were $271.6 million, up 38%; paid subscribers reached 10.3 million, up 40%.
- Q1 gross margin fell to 71.1% from 73.0%, mainly due to higher generative AI costs tied to Duolingo Max.
- Full-year 2025 revenue guidance is $987 million to $996 million, and full-year Adjusted EBITDA margin guidance midpoint is 28%.
The filing
Written by AI on Nov 8, 2026, 1:17 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 01, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.