)
Edge28 Nov 2025
Keeping the Streak Alive: The Story of Duolingo
How Duolingo made language learning addictive, scaled to millions of users, and built a powerful subscription business around everyday practice.
Reply (REY) investor relations material
Reply Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary13 Nov, 2025
Executive summary
Consolidated turnover for the first nine months of 2025 reached €1,819.8 million, up 9.0% year-over-year from €1,669.6 million.
Q3 2025 revenues were €598.5 million, up from €553.8 million in Q3 2024.
EBITDA for the first nine months was €335.5 million (18.4% margin), up from €275.5 million (16.5%) in 2024.
EBIT for the period was €281.0 million (15.4% margin), compared to €224.2 million (13.4%) in 2024.
Growth is attributed to adaptability in AI and digital transformation markets.
Financial highlights
EBITDA Q3 2025: €111.8 million (18.7% margin); Q3 2024: €95.0 million (17.2%).
EBIT Q3 2025: €92.7 million (15.5% margin); Q3 2024: €77.5 million (14.0%).
Income before taxes Q3 2025: €88.7 million (14.8% margin); Q3 2024: €69.7 million (12.6%).
Pre-tax profit for the first nine months: €268.1 million (14.7% margin), up from €216.0 million (12.9%).
Headcount increased to 16,402 from 15,353 year-over-year.
Key financial ratios and metrics
EBITDA margin for the first nine months: 18.4% (2024: 16.5%).
EBIT margin for the first nine months: 15.4% (2024: 13.4%).
Net financial position as of 30 September 2025: €423.1 million, up from €362.5 million at 30 June 2025.
Operating costs as a percentage of revenue decreased to 81.6% from 83.5% year-over-year.
Personnel expenses increased due to business growth and higher headcount.
Explain fair value adjustments to deferred consideration
How will Reply scale agentic AI solutions
What factors improved EBITDA margin in 9M 2025?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Reply earnings date
Q4 202513 Mar, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Reply S.p.A. offers consulting, systems integration, and digital services focused on emerging technologies such as artificial intelligence, cloud computing, and the Internet of Things. The company serves clients across industries including telecom, finance, automotive, and healthcare. Its services span strategic advisory to solution implementation. The company is headquartered in Turin, Italy, and its shares are listed on the BIT.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage