Duolingo Q2 revenue rises 18% to $298.5 million; net income falls 26%
Duolingo reported second quarter 2026 results, with revenue up 18% to $298.5 million and total bookings up 8% to $289.1 million, while net income fell 26% to $33.2 million. The company raised its full-year 2026 Adjusted EBITDA outlook to approximately $320.0 million, a 26.5% margin, and reaffirmed its full-year revenue growth target of 15-18%. Shareholders get rising sales and a higher profit outlook, offset by lower net income and Adjusted EBITDA in the quarter.
Key points
- Q2 2026 revenue was $298.5 million, up 18% year over year; total bookings were $289.1 million, up 8%.
- Q2 net income was $33.2 million, down 26% from $44.8 million; Adjusted EBITDA was $77.3 million, down 2%.
- Full-year 2026 Adjusted EBITDA outlook raised to approximately $320.0 million, or a 26.5% margin; full-year revenue growth target of 15-18% reaffirmed.
- Daily active users reached 58.7 million, up 23%; paid subscribers reached 12.7 million, up 17%.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:17 AM ET, from the text of the filing and its press-release exhibits 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 August 05, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.