Duolingo shares rose 32% after the firm raised its annual guidance, reinforcing investor belief in its AI-led expansion strategy

Description

Shares of Duolingo leapt by roughly 32% on Thursday after the language-learning firm raised its annual guidance, reinforcing investor belief in its AI-led expansion strategy. The company now anticipates full-year revenue of between $1.01 billion and $1.02 billion, up from a prior projection of $987 million to $996 million. Bookings forecasts were likewise lifted to $1.15 billion, $1.16 billion, compared with an earlier $1.09 billion, $1.10 billion range. The upbeat outlook suggests strong moment...