Duolingo, Inc. (DUOL) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good evening, everyone, and welcome to Duolingo's second quarter 2025 earnings webcast. Today, after market close, we released this quarter shareholder letter, a copy of which you can find on our IR website and investors at Duolingo.com. On today's call, we have Luis Fanon, our co-founder and CEO, and Matt Scarupa, our CFO. They'll begin with some brief remarks before opening the call to questions. Analysts will be able to ask the question by using the raise hand feature. And please note this event is being recorded and all attendees are in listen-only mode. 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 that we believe to be reasonable as of today, and we have no obligation to update those 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 results. And now I will turn it over to Luis. Hi, everyone, and thanks for joining us today. We had another great quarter record profitability, strong top line growth and solid performance across all subscription tiers. As a result, we're raising our full year guidance again, while still investing in both our core business and exciting new areas like chess, math and music that we believe will drive long term growth. All of this brings us one step closer to our mission, which is to develop th...