Duolingo, Inc.

Good evening, everyone, and welcome to Duolingo's first quarter 2025 earnings webcast. Today, after market close, we released this quarter shareholder letter, a copy of which you can find on our IR website at investors.duolingo.com. On today's call, we have Luis Van On, our co-founder and CEO, and Matt Scarupa, our CFO. They'll begin with some brief remarks before opening the call to questions. Analysts will be able to ask a question by using the raise hand feature. And please note this event's being recorded and all attendees are in listen-only mode. Just a reminder, we'll make forward-looking statements regarding future events and financial performance, which are subject to material risks and uncertainties. Some of these risks have been set forth in the risk factors in our filings with the SEC. These forward-looking statements are based on assumptions we believe to be reasonable as of today, and we have no obligation to update these statements as a result of new information or future events. Additionally, we'll 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 now I will hand it over to Luis.

Thank you, Debbie. Normally, we start this call with prepared remarks, which in this case probably would have included the term AI like 17 times. But as I'm sure you've read in our shareholder letter, things are going great. So we're going to get right into questions. Shoot.

All right. Thanks, Luis. Now I'll pass it over to the moderator who will begin the Q&A portion of the call.