Earnings Edge

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The Bar Was So Low And It Didn't Matter At All: Recapping Duolingo's Earnings

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Consensus Media
Feb 26, 2026
∙ Paid

Do owls say woof? Good god this is ugly. I should’ve completely written this one off on the previously mentioned Halloween costume controversy. Everyone was short here (we highlighted a favorable setup in our preview), but it will not matter whatsoever.

How will adjusted EBITDA fall year over year in 2026? Take a look at just how red the company expects 2026 to be:

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