🟢 Duolingo is trading 11.7% up in pre-market after Q3 revenue beat and raised guidance

Duolingo is trading at $143.00 (+11.72%) in pre-market after Q3 results and raised guidance.

• On November 3, Q3 revenue was $309 million, ahead of estimates; daily active users rose 29% year over year to 64.9 million.
• Management raised full-year revenue guidance to $1.221 billion and bookings guidance to $1.296 billion.
• Reports linked the overnight share jump to results and the upbeat outlook; EPS missed some analyst estimates, and the reaction appears focused on revenue, user growth and guidance.