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Analyst
Wyatt Swanson
Period: Reporting periods mapped to calendar 2024 Q4 – 2026 Q3 (8 quarters).
- Questions
- 8on tracked calls
- Challenge rate
- 38%3 of 8 questionsLimited sample
- Companies
- 1questioned at least once
- Reporting periods
- 8with questions
These figures cover the whole profile: every tracked question, all reporting periods.
How to read these numbers
Challenge rate is the share of questions that pushed back, pressed for specifics or questioned management’s assumptions. It describes how questions were asked on the calls tracked here; it does not measure whether any view turned out to be right. See how we grade analysts on earnings-call questions.
Rounding. Rates are rounded to whole percentages, so a small share can show as 0% even when some questions were challenging. The count beside each rate is exact; “none of N questions” means no question was challenging.
No questions recorded. “—” means there is nothing to calculate: no questions were recorded for that period on the calls tracked here. It does not mean there was no activity.
Fewer than 3 questions. A company-level rate is withheld when fewer than 3 questions were recorded for that company; the questions are still counted everywhere else.
Small samples. Profiles with fewer than 10 questions are marked Limited sample.
Reporting periods. Questions are grouped by the calendar quarter each company’s fiscal reporting period maps to, not by the date of the call. Periods without a calendar mapping are listed separately under their fiscal label.
Questions asked
Grouped by company, most questions first. Open a company to read its questions, newest reporting period first.
Showing 8 of 8 questions from 1 company
DUOLDuolingo, Inc.8 questions · 8 reporting periods · 3 of 8 challenging
Calendar 2026 Q3
Paid subs growth has continued to slow year-over-year despite DAUs picking back up.
Show response
Gillian said subscriber counts follow ratable revenue and should bottom in a couple of quarters as bookings growth rebuilds.
Calendar 2026 Q2
could you maybe give some color as to why the full year bookings guide wasn't raised more?
Show response
Pushed on why accelerating DAUs didn't drive a larger bookings raise; Luis explained the premium model means users monetize with a lag and reiterated the deliberate bookings box.
Calendar 2026 Q1
Could you talk to some of the different drivers of DAU growth this quarter and maybe entering Q2?
Show response
Von Ahn attributed DAU growth to word-of-mouth, retention gains, and modest performance marketing, with Asia fastest-growing; direct.
Calendar 2025 Q4
Does that assume like marketing stays elevated and monetization stays on the back burner for the entire duration?
Show response
Luis expects marketing dollars to rise but stay efficient, with monetization ramping via ads and in-app purchases past 2026. Direct.
Calendar 2025 Q3
do you see any differences in engagement or retention for users in the chess course versus your core language forces?
Show response
Asked about chess engagement and retention; Luis said chess is the fastest-growing course, already surpassing math and music, with retention slightly higher than language learning over its first few months.
Calendar 2025 Q2
Have you seen any negative impacts to any cohorts or demographics or anything like that as a result of that switch?
Show response
Acknowledged change aversion from a minority of heavy free users now capped by Energy, but said DAU, revenue and time-spent metrics are all good, comparing it to the prior home-screen backlash.
Calendar 2025 Q1
could you provide details around time line and plans for rolling out the course to more users’ devices?
Show response
Luis said chess launches within weeks (iPhone first, then Android), widely available by year-end, with contribution scaling with DAUs over time.
Calendar 2024 Q4
where you see user growth coming from next? Like what markets or demos do you consider the next growth avenue?
Show response
von Ahn said growth is broad and uncorrelated with maturity; Asia (Japan, Korea, India, China) is least penetrated and the largest opportunity.
Challenge rate by company
Every company this analyst questioned, most questions first. A company-level rate is shown from 3 questions; below that it is withheld.
| Company | Questions | Challenge rate |
|---|---|---|
| DUOL Duolingo, Inc. | 8 | 38%3 of 8 questions |
- DUOLDuolingo, Inc. · 8 questions38%3 of 8 questions
Activity by reporting period
Questions recorded for each calendar quarter that companies’ reporting periods map to (not the call date), with the challenge rate for that period. Periods inside the range with no questions are shown as “No questions recorded”.
| Calendar period | Questions | Challenge rate | Companies |
|---|---|---|---|
| 2024 Q4 | 1 | 0%none of 1 question | 1 |
| 2025 Q1 | 1 | 0%none of 1 question | 1 |
| 2025 Q2 | 1 | 100%1 of 1 question | 1 |
| 2025 Q3 | 1 | 0%none of 1 question | 1 |
| 2025 Q4 | 1 | 0%none of 1 question | 1 |
| 2026 Q1 | 1 | 0%none of 1 question | 1 |
| 2026 Q2 | 1 | 100%1 of 1 question | 1 |
| 2026 Q3 | 1 | 100%1 of 1 question | 1 |
- 2024 Q41 question · challenge rate 0% (none of 1 question) · 1 company
- 2025 Q11 question · challenge rate 0% (none of 1 question) · 1 company
- 2025 Q21 question · challenge rate 100% (1 of 1 question) · 1 company
- 2025 Q31 question · challenge rate 0% (none of 1 question) · 1 company
- 2025 Q41 question · challenge rate 0% (none of 1 question) · 1 company
- 2026 Q11 question · challenge rate 0% (none of 1 question) · 1 company
- 2026 Q21 question · challenge rate 100% (1 of 1 question) · 1 company
- 2026 Q31 question · challenge rate 100% (1 of 1 question) · 1 company
Topics
Topics tagged on this analyst’s questions.
- Subscriber Growth4
- Demand4
- Product Launch3
- Revenue Growth1
- Guidance Reliability1
- Margin1
- Pricing1
- Geographic Expansion1