According to Reuters, Duolingo reported first-quarter revenue of $292 million, exceeding the $288.5 million estimate, on May 4. However, shares fell 11% in extended trading after the language-learning app projected slower 2026 bookings growth of about 10.5% and guided second-quarter revenue to $295.5 million. Bookings reached $308.5 million versus the $301.7 million estimate. Daily active users and paid subscribers each grew 21% to 56.5 million and 12.5 million, respectively. The company warned that expanded use of AI features like Duolingo Max could pressure margins later in the year.
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