Duolingo's stock fell sharply by 5.19% during the intraday session on Monday, reflecting investor concerns over the company's leadership changes and preliminary fourth-quarter results.
The language-learning platform announced that CFO Matt Skaruppa will step down after nearly six years, with Gillian Munson, a current board member, taking over the role effective February 23. Skaruppa will transition to an advisory role. Leadership changes, particularly in key financial positions, often create uncertainty, which may have contributed to the stock's decline.
Additionally, Duolingo provided preliminary Q4 results, showing daily active user growth of approximately 30% year-over-year and bookings at or slightly above the high end of its guidance range ($329.5M-$335.5M). However, the bookings figure was marginally below analyst estimates of $334.2M, potentially disappointing some investors. The stock had already declined ~46% in 2025, indicating broader market skepticism.
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