Duolingo Inc (NASDAQ:DUOL) reported financial results for the third quarter after the closing bell on Tuesday. Here’s a look at the key details from the print.

Duolingo Q3 Key Metrics

Duolingo reported third-quarter revenue of $309.01 million, beating analyst estimates of $303.23 million, according to Benzinga Pro. The company reported third-quarter earnings of 54 cents per share, missing estimates of 57 cents per share.

Total revenue was up 14% year-over-year as daily active users climbed 29% year-over-year to 64.9 million. Duolingo said it ended the quarter with 13.1 million paid subscribers, up 14% year-over-year.

“Our user growth this year in every region of the world and in every subject we teach reinforces our belief that we still have an enormous opportunity ahead of us. Our ambition is to ultimately reach one billion learners and build a much larger business over time,” the company said in a letter to shareholders.

Duolingo expects fourth-quarter revenue of $322 million versus estimates of $314.55 million. The company also raised its full-year 2026 guidance from $1.21 billion to approximately $1.22 billion versus estimates of approximately $1.21 billion.

Duolingo shares were up 11.91% in after hours trading.