Tim Stenovec

Shares of Duolingo are tanking today.

The stock, in fact, right now down about 17%.

It did, though, hit its lowest intraday since February of 2023, now down more than 80% since May of 2025, and about 22% of the float is short.

So there's some real negative sentiment on the name.

Shares sliding after the company said its drive to gain subscribers would mean slower earnings growth and narrower profit margins in the short term.

Tim, you keep reminding us that there's

A lot going on with the company, some transformations here.

So jumping on the AI bandwagon, I mean, I guess what investors want to know is what is Duolingo's advantage over potential new AI learning apps?

But as you know, this is going and this is moving pretty quickly, the AI impact, it seems.

And to be fair, you are right.

Like, we'll see.

Many say this is, you know, we're kind of early in on this process and the impact.

But what does Duolingo offer that can't easily be replicated by a large language model?

And how do you kind of view that competitive landscape evolving?

Yeah, go ahead.

Well, I get that.

Right.

You know, companies have to invest in order to provide growth going forward.

And I think it's fair to say that we understand why investors I mean, they're not loving

Your forecast for first quarter adjusted EBITDA, that's missing the mark from what the street was expecting.