• Duolingo reported Q1 revenue of $292 million, beating estimates of $288.5 million.
  • Daily active users rose 21% to 56.5 million, and paid subscribers increased 21% to 12.5 million.
  • The company is prioritizing user experience and long-term retention over near-term monetization.
  • Duolingo expects bookings growth of about 10.5% for the year, targeting 100 million daily active users by 2028.
  • Shares fell 11% in extended trading due to the moderated growth outlook.

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