Slide 1: Our mission is to develop the best education in the world
our mission is to develop the best education in the world and make it universally available.
Slide 2: Q1 Highlights
DUOLINGO Q1 / FY 2025 2 Q1 Highlights User Metrics Q1 2024 Q1 2025 Daily Active Users 31.4M 46.6M 49% YoY Monthly Active Users 97.6M 130.2M 33% YoY Paid Subscribers 7.4M 10.3M at period end 40% YoY Paid Subscriber Penetration 8.6% 8.9% as % of LTM MAUs Financial Metrics Q1 2024 Q1 2025 Revenue $167.
Slide 3: Celebrating your progress with a healthy dose of weirdness
Just a few of the ways we celebrate your progress...with a healthy dose of weirdness As we continue expanding our learning content to reach more users, I’m excited that we will be rolling out our Chess course in the coming weeks. Like Music and Math, this expands our learning footprint beyond langua
Slide 4: Sharpen your skills one challenge at a time
Sharpen your skills one challenge at a time, no grandmaster title required DUOLINGO Q1 / FY 2025 5 Users are open to trying new subjects like Chess because they trust us to offer fun experiences. Then we let our beautifully designed, engaging product take it from there. It’s why we’re so excited abo
Slide 5: Now in 3D: Conversations with Lily
Now in 3D: Conversations with Lily that feel a little too real We’re also enhancing the experience further by making Lily and her environment 3D. We are adding more interactive backgrounds and lifelike animations to make conversations feel more immersive. These enhancements are aimed at making Duoli
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Slide 7: Financial performance and outlook
financial performance and outlook User Metrics Operating Metrics GAAP Financial Measures 38% 34% ~(2) pts 30% 26% Non-GAAP Financial Measures (†) 43% ~1 pt 31% ~(2) pts Luis von Ahn CEO and Co-Founder DUOLINGO Q1 / FY 2025 7 Summary of Financial and Key Operating Metrics (in millions) Q1 2024 Q1 202
Slide 8: Total bookings
271.6 197.5 Q1 24 Q1 25
Slide 9: Revenues
230.7 167.6 191.0 131.7 Q1 24 Q1 25
Slide 10: Subscription
Subscription
Slide 11: Non-Subscription
Non-Subscription In Q1, total bookings were $271.6 million, growing 38% year over year on a reported basis (42% on a constant currency basis), driven primarily by a 44% increase in subscription bookings on a reported basis (48% on a constant currency basis). Revenues totaled $230.7 million in Q1 , r
Slide 12: Net income
Q1 24 Qi 25
Slide 13: Q1 results
Q1 24 Qi 25
Slide 14: Adjusted EBITDA
62.8 44.0 Q1 24 Qi 25
Slide 15: Adjusted EBITDA, free cash flow and Q2/FY 2025 guidance
appendix 26.3% 27.2% Margin 46.8% 44.6% In Q1, Adjusted EBITDA† increased by $18.8 million year over year to $62.8 million, a 27.2% Adjusted EBITDA margin†. The increase in margin was driven by strong top-line growth and greater operating efficiency. During Q1, free cash flow (FCF)† increased by $24
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