Duolingo shares jump as revenue and outlook top estimates

Duolingo's stock rose 11.52% in after-hours trading on November 3, 2026, following Q3 results. Daily active users grew 29% to 64.9 million, beating expectations. Revenue increased 14% to $309.0 million, but adjusted EPS missed estimates. CEO Luis von Ahn attributed growth to product improvements and expects Q4 growth to be similar. The company's valuation reflects skepticism, with shares down 75% from their peak.

Duolingo Inc. (NASDAQ: DUOL) stock rose 32.61% on November 4, 2026, following strong Q3 results. The company reported $309M in revenue, beating estimates, and guided Q4 revenue to $322M. Daily active users grew 29% YoY to 54.9M. DUOL's revenue for the last year was $1.04B with a 72.7% gross margin and 16.1% EBIT margin. Analysts adjusted price targets but maintained neutral ratings.

Duolingo reported 29% growth in daily active users to 64.9 million, with subscription bookings up 16% to $278.4 million. Revenue rose 14% to $309 million, but operating income fell to $24.2 million. The company raised its full-year bookings outlook to $1.3 billion, though paid subscriber growth lagged at 14%.

Duolingo (DUOL) shares rose 31% after reporting 29% YoY growth in daily active users to 64.9 million and 14% YoY growth in paid subscribers to 13.1 million. Q3 revenue was $309 million, beating estimates, and EPS was $0.58, also surpassing expectations. The company raised its 2026 revenue outlook to $1.22 billion and increased its operating expense guidance.

Duolingo (DUOL) reported Q3 2026 earnings, projecting 13% bookings growth and 14% revenue growth for Q4, with adjusted EBITDA margin at 26.1%. Full-year 2026 expectations include 12% bookings growth, 18% revenue growth, and a 26.5% adjusted EBITDA margin. Growth is driven by product improvements and partnerships, with strong user retention. Paid subscriber growth is expected to follow revenue trends.

Duolingo's stock surged 28% after reporting 29% year-over-year daily active user growth, beating revenue forecasts, and raising its full-year sales outlook. Revenue was $309M, up 14%, but earnings missed estimates. The company also increased its 2026 revenue guidance to $1.221B. Management expects continued momentum in Q4.