Duolingo, Inc. (NASDAQ:DUOL) Q1 2022 Earnings Conference Call May 12, 2022 5:20 PM ET

Company Participants

Debbie Belevan - Head of IR

Luis von Ahn - Co-Founder & CEO

Matt Skaruppa - CFO

Conference Call Participants

Eric Sheridan - Goldman Sachs

Justin Patterson - KeyBanc Capital Markets

Mario Lu - Barclays

Ralph Schackart - William Blair

Andrew Boone - JMP Securities

Mark Mahaney - Evercore ISI

Arvind Ramnani - Piper Sandler

Nat Schindler - Bank of America Merrill Lynch

Operator

Good day. And welcome to the Duolingo First Quarter 2022 Earnings Call. All participants will be in a listen-only mode. [Operator Instructions] After today’s presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note, this event is being recorded.

I would now like to turn the conference over to Debbie Belevan, Head of Investor Relations. Please go ahead.

Debbie Belevan

Thank you, operator. And welcome to Duolingo's first quarter 2022 earnings call. Today, after market close, we released a shareholder letter with our Q1 results and commentary, which you can find on our IR website at investors.duolingo.com.

Today's call will be led by Luis von Ahn, our Co-Founder and CEO; Matthew Skaruppa, our CFO; and Bob Meese, our Chief Business Officer. We'll begin with some brief remarks before opening the call to Q&A.

Just to remind everyone, during this call, we'll make forward-looking statements regarding future events and our financial performance, which are subject to material risks and uncertainties that could cause actual results to differ materially. Some of these risks have been set forth in the risk factors of our periodic reports filed with the SEC. These forward-looking statements are based on assumptions that we believe to be reasonable as of today, and we undertake no obligation to update these statements as a result of new information or future events.

Additionally, we will present both GAAP and non-GAAP financial measures on today's call. These non-GAAP measures are not intended to be considered in isolation from, a substitute for or superior to our GAAP results. And we encourage you to consider all measures when analyzing our performance.

And with that, I'll turn the call over to Luis.

Luis von Ahn

Thank you, Debbie. And welcome, everyone. As usual, I want to kick off the call by reminding you of our mission, which is to develop the best education in the world and make it universally available. We work to achieve this mission by continually innovating and improving our products so that they are fun and effective.