Duolingo said on Monday that Chief Financial Officer Matt Skaruppa will step down after nearly six years in the role, marking the exit of a key executive who helped guide the language-learning platform through its public listing and a period of sustained growth.
Skaruppa, who joined Duolingo in early 2020, will remain in the CFO position until February 23, after which he will move into an advisory role to help ensure a smooth leadership transition, the Pittsburgh-based company said.
Under his tenure, Duolingo delivered consistent revenue growth and improving profitability, benefiting from strong user engagement that translated into higher paid subscriptions. The company also ramped up its use of artificial intelligence to personalise lessons, improve retention and attract new users.
Duolingo said Gillian Munson will succeed Skaruppa as chief financial officer. Munson has been a member of Duolingo’s board since 2019 and previously held senior finance roles at Vimeo and other technology companies.
Alongside the leadership update, Duolingo released preliminary results for the December quarter. Daily active users rose by about 30%, broadly in line with expectations, according to data from Visible Alpha.
Fourth-quarter bookings were reported in the range of $329.5 million to $335.5 million, slightly below analyst expectations of $334.2 million.
Chief Executive Luis von Ahn said previously that while monetisation remains important, Duolingo is increasingly shifting its focus toward improving teaching quality as it looks to deepen user engagement and sustain long-term growth.
