Duolingo Shifts Focus to Growth Amid $6.6B Valuation

Duolingo, with a market capitalization of $6.6 billion and a P/E ratio of 17, is prioritizing audience growth and engagement ahead of revenue optimization, according to its presentation at Citi’s 2026 Global Technology, Media, and Telecommunications Conference. The company, which has achieved 16 consecutive quarters of revenue growth, aims for approximately 10% annual bookings growth through 2026 while maintaining adjusted EBITDA within its stated range. Stock prices reflected volatility: as of the conference day, Duolingo closed at $139.24, down 4.88% from the previous close of $146.39, following a broader 3.84% decline from the prior session’s $140.77. The stock has ranged between $87.89 and $353 over the past year.