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Should You Buy Duolingo Stock Ahead of Q3 Earnings Report?

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Key Takeaways

  • Duolingo is set to report Q3 results on Nov. 5, with earnings expected to rise 47% year over year.
  • Subscription revenues are projected to jump 40%, fueled by surging user and subscriber growth.
  • AI integration and diversification into Music and Chess continue to drive margin expansion and scale.

Duolingo, Inc. (DUOL - Free Report) is scheduled to report its third-quarter 2025 results on Nov. 5, after the bell.

The Zacks Consensus Estimate for DUOL’s bottom line in the to-be-reported quarter stands at 72 cents per share, indicating a 47% year-over-year improvement. The consensus estimate for revenues is pegged at $260.5 million, indicating a 35% increase from the year-ago reported figure. There has been no change in analyst estimates or revisions lately.

 

Zacks Investment Research                                                                  mage Source: Zacks Investment Research

DUOL’s earnings surprise history has been impressive. Earnings surpassed the Zacks Consensus Estimate in three of the four trailing quarters and missed once, the average surprise being 25.5%.

Zacks Investment Research                                                                       Image Source: Zacks Investment Research

Q3 Earnings Beat Seems Likely

Our model predicts a likely earnings beat for DUOL this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.

DUOL has an Earnings ESP of +3.55% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.

Strong Active User and Subscriber Growth Expected

We expect that an increase in the Subscription revenues will drive year-over-year improvement in the company’s top line in the to-be-reported quarter. The consensus estimate for Subscription revenues is pegged at $220.9 million, indicating 40% year-over-year growth.

The top line is likely to have reaped the benefits of the increase in daily and monthly average users and the surge in the number of subscribers. Daily and monthly active users are expected to increase 38% and 20% year over year, respectively. Paid subscribers are anticipated to grow 34% year over year.

DUOL is Tumbling

The stock has declined 23% in the past three months versus a 29% rally for the industry. Competitors Coursera (COUR - Free Report) and Chegg (CHGG - Free Report) also fell; Coursera has declined 32% and Chegg has fallen 24%. The continued weakness in Duolingo, Coursera, and Chegg underscores growing investor caution toward the online-learning sector despite broader industry strength.

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AI Integration and Diversification Key to Investment

Duolingo’s strength lies in translating artificial intelligence and proprietary learner data into real business results. Unlike peers still treating AI as a future concept, DUOL has fully integrated it into its product innovation and monetization strategy. Leveraging vast learner data, the company rapidly launched new verticals like Music and Chess, showcasing unmatched agility and efficiency. These advances are boosting profitability, with gross margin rising to 72.4% in the second quarter of 2025, as AI-related costs fall. Duolingo’s diversification beyond language learning, supported by premium-tier adoption and engagement from millions of Chess and Music learners, continues to expand its total addressable market. With 2025 revenue growth projected at around 36% and EBITDA margins near 29%, Duolingo’s data-driven innovation is fueling both scalability and sustainable profitability.

Add DUOL This Earnings Season

Duolingo’s product excellence, monetization efforts, and expanding user and subscriber base contribute to its potential for sustained success. The company’s solid financial health, coupled with strong top and bottom-line growth prospects, makes it an attractive investment opportunity.


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