Duolingo (DUOL) Q4 FY25 earnings call

Duolingo is undertaking a strategic shift in 2026, prioritizing user growth and AI innovation over short-term monetization, aiming to redefine learning and capture a massive market opportunity. This involves significant investments in product improvements, free user experience, and new subjects like math and chess, which will lead to slower bookings growth and lower profitability in the near term. The company targets 100 million DAUs by 2028, believing this foundational year will unlock substantial long-term value.