Duolingo shares have fallen 39% year-to-date in 2026. This downturn follows a 46% decline recorded during the previous year.
The company reported 56.5 million daily active users as of late March. Paid subscribers increased by 21% during the same period.
Investor anxiety regarding AI disruption in the language-learning sector drives the current sell-off. Some analysts suggest the market is overreacting to the threat of AI chatbots. They argue Duolingo’s structured app experience remains a strong value proposition and a potential buying opportunity.