lo estamos

we are … it

→ lo
phrase Rare #30,602
we are … it Usually followed by a gerund; “lo” is the object pronoun and the verb that follows supplies the action. In “lo estamos pasando muy bien,” the phrase means “we’re having a very good time.”
SP: Lo estamos preparando para mañana.
EN: We’re preparing it for tomorrow.

Lo estamos investigando.

We’re looking into it.

— Duro de matar (1988)

Nosotros ahora lo estamos alcanzando.

We are catching up to him now.

Lo estamos consiguiendo.

We're achieving it.

— Amigos Intocables (2011)

Lo estamos monitoreando.

We’re monitoring it.

— Todo en Todas Partes al Mismo Tiempo (2022)

Lo estamos cuidando entre todos.

We are all looking after it together.

— Los lunes al sol (2002)

Lo estamos pasando muy bien.

We are having a great time.

Dile que lo estamos llevando a casa.

Tell him we're taking him home.

De hecho, lo estamos disfrutando.

In fact, we are enjoying it.

— Dangal (2016)

Lo estamos encontrando.

We're finding it.

— Viaje a las estrellas II: La ira de Khan (1982)

Me parece que no lo estamos entendiendo bien.

I don't think we're understanding it correctly.

Lo estamos comprobando.

We are checking it.

Lo estamos planeando.

We're planning it.

— La Empleada (2025)