Duolingo stock skyrockets 30% on boosted guidance as AI powers user growth
1. Duolingo shares surged over 30% after raising revenue guidance. 2. User growth increased by 40% year-over-year, reaching nearly 48 million. 3. Company guidance for full-year revenue now estimates between $1.01-1.02 billion. 4. Duolingo expanded course offerings, including AI features and new subjects. 5. Net income rose 84% to about $45 million or 91 cents per share.