On November 4, Duolingo, Inc. rose 13.27% Overnight, trading at $144.98/share, with Turnover of $1.01 ten thousand. The move followed the company’s latest quarterly results, which showed revenue above market expectations and a higher full-year outlook.

For the third quarter, revenue was $309.0 million, above the $303.2 million consensus, while adjusted EBITDA reached $78.7 million with a 25.5% margin. Daily active users grew 29% year over year to 64.9 million, accelerating from 23% growth in the prior quarter, and paid subscribers reached 13.1 million, up 14%.

The company also raised its full-year outlook, now expecting bookings of $1.296 billion, revenue of $1.221 billion, and adjusted EBITDA of $323 million, implying year-over-year growth of 12%, 18%, and a 26.5% margin, respectively. Although quarterly EPS of $0.54 was slightly below the $0.57 estimate, the stronger revenue, user growth, and guidance appear to have driven the Overnight rise.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)