Duolingo, Inc. (DUOL) Q1 2025 Earnings Call Transcript

Duolingo, Inc. (NASDAQ:DUOL) Q1 2025 Earnings Call May 1, 2025 5:30 PM ET

Company Participants

Deborah Belevan – Investor Relations
Luis von Ahn – Co-Founder and Chief Executive Officer
Matt Skaruppa – Chief Financial Officer

Conference Call Participants

Curtis Nagle – Bank of America
Ralph Schackart – William Blair
Chris Kuntarich – UBS
Bryan Smilek – JPMorgan
Justin Patterson – KeyBanc
Nathan Feather – Morgan Stanley
Arvind Ramnani – Piper Sandler
Wyatt Swanson – D.A. Davidson
Alex Sklar – Raymond James
Ryan MacDonald – Needham
Andrew Boone – Citizens JMP
Mark Mahaney – Evercore ISI
John Colantuoni – Jefferies
Ross Sandler – Barclays
Shweta Khajuria – Wolfe Research

Deborah Belevan

Good evening, everyone and welcome to Duolingo’s First Quarter 2025 Earnings Webcast. Today, after market close, we released this quarter’s shareholder letter, a copy of which you can find on our IR website at investors.duolingo.com. On today’s call, we have Luis von Ahn, our Co-Founder and CEO; and Matt Skaruppa, our CFO. They’ll begin with some brief remarks before opening the call to questions. [Operator Instructions] And please note this event is being recorded.

Just a reminder, we’ll make forward-looking statements regarding future events and financial performance, which are subject to material risks and uncertainties. Some of these risks have been set forth in the risk factors in our filings with the SEC. These forward-looking statements are based on assumptions we believe to be reasonable as of today, and we have no obligation to update these statements as a result of new information or future events. Additionally, we’ll present both GAAP and non-GAAP financial measures on today’s call. These non-GAAP measures are not intended to be considered in isolation from, a substitute for or superior to our GAAP results, and we encourage you to consider all measures when analyzing our performance.

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