"Duolingo's shares surged more than 30% after announcing stronger-than-expected earnings and an upward revision of its full-year forecast due to AI adoption."
"The company raised its revenue guidance to $1.01 billion to $1.02 billion, up from $987 million to $996 million, amid a projected third-quarter revenue growth."
"Duolingo saw significant growth, with a 40% year-over-year increase in daily active users reaching nearly 48 million, attributed to new AI features."
"Duolingo expanded its offerings beyond language education, acquiring NextBeat and introducing chess courses, targeting a more comprehensive educational suite."
Duolingo announced stronger-than-expected earnings, resulting in a 30% surge in shares. The company raised its full-year revenue guidance to $1.01-$1.02 billion, driven by a 41% year-over-year revenue growth of $252 million in the second quarter. Daily active users increased by 40%, reaching nearly 48 million due to AI feature integration. Notable additions include an AI-powered conversation feature. Duolingo also expanded its educational offerings beyond languages, recently acquiring music startup NextBeat and adding chess courses to its platform.
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