Learn the tone, meaning, and better English alternatives around "we're not quite" with real scene examples.

It means they are choosing to delay announcing something positive.
From I'M Obsessed With My Boss Part Ii, Episode 7
They say they are not ready to reveal good news yet.
Use this when you want to keep news private for now. It sounds natural in formal or semi-formal contexts, but the wording is a bit polished.
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