Duolingo Stock Soars 35% as Language-Learning Firm Adds Subscribers, Bookings

Shares of Duolingo (DUOL) rocketed higher Thursday, a day after the language-learning platform easily beat profit and sales estimates and boosted its outlook on strong user growth.

The company reported second-quarter adjusted earnings per share (EPS) of $0.91 on revenue that rose 41% to $252.3 million. Analysts surveyed by Visible Alpha expected $0.58 and $240.8 million, respectively.

Total bookings increased 41%, and average daily active users jumped 40% to 47.7 million. Paid subscribers were up 37% to 10.9 million.

CEO Luis von Ahn said the results were driven by “product-led growth, a delightful learning experience, and fast iteration.” He explained that Duolingo “made real progress this quarter on initiatives that we believe will fuel the long-term success of our business.”

The company now sees its full-year booking expansion at 32.0% to 32.9%, up from the previous outlook of 28.4% to 29.4%. It anticipates adjusted EBITDA of $288.1 million to $295.5 million from a prior range of $271.4 million to $283.9, and it sees revenue of $1.011 billion to $1.019 billion, versus the earlier forecast of $987 million to $996 million.

Duolingo shares had entered the day up less than 6% in 2025.