Duolingo Reports Third Quarter 2026 Results
Duolingo aims to reach one billion learners as it prioritizes teaching quality and user growth.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Duolingo (NASDAQ: DUOL) reported third-quarter results, with daily active user growth accelerating to 29% year over year. The quarter ended September 30, 2026, and results are available in a shareholder letter on its investor relations website. Management said all key financial metrics exceeded expectations and plans to gradually increase its focus on bookings growth while preserving the free experience.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Hollow bars mark forward-looking points. How the balance works
Positive
- Moderate pointDaily active user growth accelerated to 29% year over year in the third quarter.
- Moderate pointAll key financial metrics exceeded expectations, management said.
- Minor pointUser growth extended across every region and every subject taught, management said.
- Minor point. Forward-looking: it has not happened yet and may not happen.Bookings growth will gradually receive more focus while preserving the free experience, management plans.
- Minor point. Forward-looking: it has not happened yet and may not happen.One billion learners remains the company's stated goal.
Negative
- None.
Details
Market move: DUOL +12.08% vs previous close. Q3 2026 earnings report
On Nov 3, the day this news came out, the latest delayed price for DUOL is 12.08% above the previous close. Our momentum scanner has recorded 39 alerts for this stock so far that day. The latest delayed price is $143.46. Relative volume is very high at 3.1x what this stock usually trades by this time of day.
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Key Figures
- DAU growth
- 29% year over year
- Q3 2026
Previous Earnings Reports
-
Q2 DAU growth increased 23% year over year, establishing a prior comparable growth rate.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
dau technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
PITTSBURGH, Nov. 03, 2026 (GLOBE NEWSWIRE) -- Duolingo, Inc. (NASDAQ: DUOL) announced results for the third quarter ended September 30, 2026 in a shareholder letter that is posted on its Investor Relations website at investors.duolingo.com.
"We had a great Q3, with DAU growth accelerating to
“Going forward, we’ll keep making Duolingo even more fun and effective, while gradually putting more focus on growing bookings in ways that preserve the quality of our free experience. We believe this will help us build a much larger business and reach our goal of one billion learners."
Video Webcast
Duolingo will host a live video webcast to discuss its quarterly results today, November 3, 2026 at 5:00 p.m. ET. Luis von Ahn and Gillian Munson, our Chief Financial Officer, will answer questions from sell side analysts. This webcast and related materials will be publicly available and can be accessed at investors.duolingo.com. A replay will be available on the Investor Relations section of our website two hours following completion of the webcast.
About Duolingo
Duolingo is the leading mobile learning platform globally. Its flagship app has organically become the world's most popular way to learn languages and the top-grossing app in the Education category on both Google Play and the Apple App Store. With technology at the core of everything it does, Duolingo has consistently invested to provide learners a fun, engaging, and effective learning experience while remaining committed to its mission to develop the best education in the world and make it universally available.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). All statements other than statements of historical facts contained in this press release, including without limitation, statements regarding our business model and strategy and the expected benefits, market opportunity and growth therefrom are forward-looking statements. Without limiting the generality of the foregoing, you can identify forward-looking statements because they contain words such as “may,” “will,” “shall,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential,” “goal,” “objective,” “seeks,” or “continue” or the negative of these words or other similar terms or expressions that concern our expectations, strategy, plans, or intentions. Such forward-looking statements are neither promises nor guarantees, but involve a number of known and unknown risks, uncertainties and assumptions that may cause our actual results, performance or achievements to differ materially from those expressed or implied in the forward-looking statements due to various factors, including, but not limited to: our ability to retain and grow our users and sustain their engagement with our products; competition in the online language learning industry; our limited operating history; our ability to maintain or increase profitability; our ability to manage our growth and operate at such scale; the success of our investments; our reliance on third-party platforms to store and distribute our products and collect revenue; our reliance on third-party hosting, cloud computing providers and Artificial Intelligence (“AI”) vendors; our ability to compete for advertisements; acceptance by educational organizations of technology-based education; our ability to access, protect, collect, use, and otherwise process personal data about our users and payers, and to comply with applicable data privacy laws; our ability to successfully develop, implement and use AI and machine learning technologies; our ability to adequately obtain, protect and maintain our intellectual property rights; and the other important factors more fully detailed under the caption "Risk Factors" in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025, as any such factors may be updated from time to time in our other filings with the Securities and Exchange Commission (“SEC”), accessible on the SEC’s website at www.sec.gov and the Investor Relations section of the Company’s website at investors.duolingo.com. All forward-looking statements speak only as of the date of this press release. While we may elect to update such forward-looking statements at some point in the future, unless required by applicable law, we disclaim any obligation to do so, even if subsequent events cause our views to change.
Contacts
Investor Relations:
Deborah Belevan
IR@duolingo.com
Press:
Michelle Scully
press@duolingo.com
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How fast did Duolingo's daily active users grow in the third quarter of 2026?
Duolingo's daily active user growth accelerated to 29% year over year in the quarter ended September 30, 2026.