Duolingo Stock Plunges as Q4 Bookings Guidance Disappoints Despite 41% Revenue Leap and 50.5M DAUs (Nov. 7, 2025)
Published: November 7, 2025 Summary: Duolingo beat Q3 expectations and raised its full‑year revenue outlook, but a softer‑than‑hoped Q4 bookings forecast spooked investors. Shares fell over 20% after hours on Nov. 5 and were down roughly 25% in Thursday trading, with fresh analyst caution today. Reuters+2MarketBeat+2 Key numbers: Q3 2025 at a glance What rattled the stock: Q4 bookings guidance vs. expectations Management guided Q4 bookings to $329.5–$335.5 million, below the Visible Alpha consensus of $343.6 million, even as Q3 outperformed on the top line. The gap prompted a ~20% after‑hours drop on Nov. 5. CEO Luis von Ahn said