Duolingo DUOL has recorded a quarter of user and booking growth, led by a 23% year-over-year increase in daily active users. DAUs reached 58.7 million in the second quarter of 2026, up from 47.7 million a year earlier. That expansion makes engagement the feature of the quarter and enlarges the audience from which Duolingo can attract paying users.
Paid subscribers rose 17% to 12.7 million from 10.9 million. This increase indicates that Duolingo converted part of its larger audience into paid relationships. However, subscriber growth trailed the increase in DAUs by six percentage points. The difference suggests that user activity expanded faster than paid adoption, making conversion of the enlarged audience an important measure of the platform’s commercial progress over the periods immediately ahead.
Duolingo, Inc. Revenue (TTM)
Duolingo, Inc. revenue-ttm | Duolingo, Inc. Quote
Subscription bookings advanced 10% to $250.3 million from $227.3 million, while total bookings increased 8% to $289.1 million from $268 million. Subscription bookings therefore grew faster than overall bookings, highlighting the importance of paid plans within the quarter’s performance. At the same time, growth moderated across the sequence, from DAUs to subscribers, subscription bookings and total bookings. The pattern shows strong top-of-funnel expansion, accompanied by progressively slower growth in the financial measures presented.
How Do Two Digital-Learning Peers Compare?
Investors evaluating DUOL may also track Coursera COUR and Chegg CHGG. Coursera, strengthened by its combination with Udemy, offers a broad skills-development platform, while Chegg focuses primarily on digital academic support and student services. Unlike Coursera and Chegg, Duolingo’s investment case centers on converting frequent, gamified engagement into paid subscriptions and bookings. Monitoring Coursera and Chegg can therefore help investors assess DUOL’s monetization progress within the broader digital-learning market.
DUOL, COUR and CHGG carry a Zacks Rank #3 (Hold) each at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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This article originally published on Zacks Investment Research (zacks.com).