03:56 AM EST, 11/07/2024 (MT Newswires) -- Duolingo ( DUOL ) reported Q3 earnings late Wednesday of $0.49 per diluted share, up from $0.06 a year earlier.

Analysts polled by Capital IQ expected $0.36.

Revenue for the quarter ended Sept. 30 was $192.6 million, compared with $137.6 million a year earlier.

Analysts surveyed by Capital IQ expected $189.2 million.

For Q4, the company said it expects revenue of $202.5 million to $205.5 million. Analysts polled by Capital IQ expect $204.2 million.

The company raised its 2024 revenue guidance to a range of $741 million to $744 million from $731.3 million to $738.3 million. Analysts polled by Capital IQ expect $740.8 million.

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