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On Thursday morning Eastern Time, Duolingo's stock price soared more than 32% as strong user growth driven by artificial intelligence (AI) prompted the company to raise its performance guidance. The company raised its full-year revenue expectations from $987-996 million to $1.01-1.02 billion. At the same time, it raised its full-year bookings forecast from $1.15-1.16 billion to $1.15-1.16 billion. "Our bookings and revenue performance this quarter exceeded our own high expectations while also achieving an improvement in profitability," said co-founder and CEO Luis von Ahn in a statement.
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