Language learning platform Duolingo fell 24% in premarket trading on the Nasdaq after reporting its third-quarter 2025 financial results, falling to around $197.
The company’s revenue rose 41% year-over-year to $271.7 million. However, the expected booking volume by the end of the year fell short of analysts’ forecasts — $329.5–335.5 million, while the market was expecting $344 million. This figure disappointed investors.
Duolingo’s daily active users grew 36% to 50.5 million, and monthly active users reached 135.3 million. The number of paid subscribers also reached 11.5 million — a 34% increase compared to last year.
The company noted that in the future, the main focus will be on the quality of teaching, rather than monetization. Duolingo is also investing in the development of artificial intelligence tools, but some investors are concerned that competing AI platforms could impact the company's growth rate.
