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Duolingo (DUOL) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

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For the quarter ended September 2026, Duolingo, Inc. (DUOL - Free Report) reported revenue of $309.01 million, up 13.7% over the same period last year. EPS came in at $0.54, compared to $0.95 in the year-ago quarter.

The reported revenue represents a surprise of +1.43% over the Zacks Consensus Estimate of $304.66 million. With the consensus EPS estimate being $0.55, the EPS surprise was -1.82%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Duolingo performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Paid subscribers (at period end): 13.1 million versus 13.12 million estimated by three analysts on average.
  • Subscription bookings: $278.4 million compared to the $266.52 million average estimate based on three analysts.
  • Daily active users (DAUs): 64.9 million versus 63.49 million estimated by three analysts on average.
  • Monthly active users (MAUs): 153.1 million versus 148.53 million estimated by three analysts on average.
  • Total bookings: $316.1 million versus $309.05 million estimated by three analysts on average.
  • Revenues- Non Subscription (Advertising, Duolingo English Test, In-App Purchases and Other): $39.02 million versus $41.74 million estimated by three analysts on average.
  • Revenues- Subscription: $269.99 million versus the three-analyst average estimate of $262.25 million. The reported number represents a year-over-year change of +17.6%.
  • Revenues- In-App Purchases: $6.88 million compared to the $8.33 million average estimate based on two analysts. The reported number represents a change of -38% year over year.
  • Revenues- Other: $1.47 million versus $1.14 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -95.3% change.
  • Revenues- Advertising: $20.82 million compared to the $23.39 million average estimate based on two analysts. The reported number represents a change of -1% year over year.
  • Revenues- Duolingo English Test: $9.85 million versus $9.73 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +2.1% change.

View all Key Company Metrics for Duolingo here>>>

Shares of Duolingo have returned -8% over the past month versus the Zacks S&P 500 composite's -2.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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