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The smartphone shows the Duolingo logo.
Pavlo Gonchar | LightRockket | Gets the image
Duoling The stock flew by more than 30% after the language learning platform has increased its recommendations due to the strong growth of users conditioned Artificial intelligence.
Mobile learning platform hiking Its full -fledged recommendation is up to $ 1.01 billion to $ 1.02 billion, which is from $ 987 to $ 996, compared to the previous range. Duolingo also raised its $ 1.15 billion orders to $ 1.16 billion.
“We have exceeded our own great expectations for reservation and profit in this quarter, and did so when expanding profitability,” said Co-founder and CEO Luis von Ag in the release.
Daily active users jumped 40% to almost 48 million from approximately 34 million a year.
Seeking to expand their courses and enlarge users, Duolingo has implemented AI tools, including a video calling practice feature for some payers. The company also went beyond language learning with a new course such as chess.
Duolingo has also announced the purchase of London Music Gaming Startup Nextbeat on an undisclosed amount, as it is supposed to expand its application products.
The CEO of the company said Duolingo is still in the early stages of its growth trajectory.
The income jumped up about $ 41% up to $ 252 million and won the $ 241 million Wall estimate. Net income increased 84% a year ago up to about $ 45 million, or 91 cents per share.
In the third quarter, Duolingo departs income from $ 257 to $ 261 million, which exceeded the $ 253 million forecast from Wall Rate analysts.
On Thursday, the stock increased by more than 34% this year.
