For the quarter ended December 2023, Coursera (COUR) reported revenue of $168.88 million, up 18.8% over the same period last year. EPS came in at $0.06, compared to -$0.04 in the year-ago quarter. ...

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Coursera, Inc. (NYSE: COUR) today announced financial results for its fourth quarter and full year ended December 31, 2023. “ We believe generative AI will unleash the next wave of innovation and productivity, but individuals and institutions will require high-quality education and training to adopt the technology quickly and safely,” said Coursera CEO Jeff Maggioncalda. “ Coursera is partnering with the top research universities and companies at the forefront of AI, ...

Wall Street analysts expect Coursera (COUR) to post break-even quarterly earnings per share in its upcoming report, which indicates a year-over-year increase of 100%. Revenues are expected to be $163.64 million, up 15.1% from the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Prior to a company's earnings release, it is of utmost importa ...

One of the pandemic darlings that has certainly taken a hit in recent years is Coursera (NYSE:COUR). Unfortunately, investors continue to see selling pressure materialize in this company, with shares of COUR stock dropping another 10% in today’s session alone.This move appears to be a direct result of a key downgrade from Goldman Sachs today. Analysts downgraded the stock to a “sell” rating from “neutral,” slashing their price target from $18 to $14 per share. Accordingly, today’s decline has brought Course ...

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Coursera, Inc. (NYSE: COUR) today announced it will release its financial results for the fourth quarter and full year ended December 31, 2023 after the U.S. stock market closes on Thursday, February 1, 2024. The company will issue the results via a press release with accompanying consolidated financial information before holding a conference call broadcast at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). Conference Call Details A live, audio-only webcast of the ...

| --- | --- | --- | |----------------------------------|---------------------------------|------------------------| | | Three Months Ended \n2023 | September 30, \n2022 | | Number of Degrees Students | 20,432 | 17,723 | Net Retention Rate for Paid Enterprise Customers Our Net Retention Rate for Paid Enterprise Customers decreased to 99% as of September 30, 2023 from 111% as of September 30, 2022, mainly due to lower renewals and expansion in our Coursera for Business vertical. Our Net Retention Rate for Pai ...

Non-GAAP Financial Measures This presentation contains forward-looking statements that involve substantial risks and uncertainties. Any statements contained in this presentationthat are not statements of historical facts may be deemed to be forward-looking statements. In some cases, you can identify forward-looking statements by terms such as: "accelerate," "anticipate, "believe," "can," "continue," "could," "demand," "design", "estimate," "expand," "expect," "intend," "may," "might," "mission," "need", "ob ...

Financial Data and Key Metrics Changes - For Q3 2023, total revenue was $165.5 million, representing a 21% increase year-over-year, driven by double-digit growth across all segments, particularly in the consumer segment [56][90] - Gross profit was $84.9 million with a gross margin of 51%, down 14 percentage points from the prior year [35] - Free cash flow increased to $15.6 million from $1.3 million a year ago, with unrestricted cash and equivalents totaling approximately $721 million and no debt [36] Business Line Data and Key Metrics Changes - Consumer revenue reached $99 million, up 27% year-over-year, supported by strong demand for entry-level professional certificates [87] - Enterprise revenue was $54.9 million, a 14% increase from the previous year, with a net retention rate of 99% [88] - Degrees segment revenue grew to $11.7 million, up 13% year-over-year, with student enrollments increasing by 15% [89] Market Data and Key Metrics Changes - The global learner base expanded by 6.5 million new registered learners, totaling 136 million by the end of September, with double-digit growth across all regions [24] - The number of Paid Enterprise Customers increased to over 1,300, reflecting a 21% year-over-year growth [46] Company Strategy and Development Direction - The company is focused on digital transformation, skills development, and the transformation of higher education, emphasizing the need for collaboration between academic institutions, employers, and government [7][16][17] - The strategy includes sourcing and launching new degree programs tailored for working adults, enhancing localized learner experiences, and leveraging AI for content translation [30][47][49] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the demand for education driven by rapid changes in technology and the labor market, particularly due to generative AI [14][15] - The company anticipates mid-single-digit growth in the Degrees segment for Q4 and expects to be EBITDA positive for the full year 2024 [63][66] Other Important Information - The company has made significant progress in its share repurchase program, buying back approximately 300,000 shares at an average price of $12.67 per share [86] - The company is actively pursuing credit recommendations for its professional certificates, enhancing their value and recognition [50][51] Q&A Session Summary Question: Thoughts on Consumer revenue growth resiliency - Management noted strong performance in the Consumer segment, with no anticipated slowdown despite potential job market fluctuations [98][100] Question: Feedback on course translation quality - Management reported positive feedback on translation quality, with ongoing improvements and a human-in-the-loop process for quality assurance [101][128] Question: Infrastructure to support growth - Management highlighted a remote-first culture that allows for a diverse talent pool, ensuring the company can meet growth demands [116][140] Question: Net retention rate in Enterprise segment - Management acknowledged a slight improvement in net retention rates but emphasized the need for further growth [120] Question: Professional certificates partner engagement - Management indicated increasing interest from industry partners in creating branded professional certificates, facilitated by advancements in generative AI [124][125]

Title of each class Trading Symbol(s) Name of each exchange on which registered UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 _________________________________________________________ FORM 10-Q _________________________________________________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Registrant's telephone number, including area code: (650) 963-9884 _________________________________________________________ Securities ...

Financial Data and Key Metrics Changes - The company reported total revenue of $153.7 million for Q2 2023, representing a 23% increase year-over-year [26] - Gross profit was $81.9 million, with a gross margin of 53%, down 11 percentage points from the prior year [27] - Operating expenses decreased to 58% of revenue, down 22 points from 80% in the prior year [53] - The net loss was approximately $300,000, or 0.2% of revenue, while adjusted EBITDA was a loss of $2.9 million, or 1.9% of revenue [28] Business Line Data and Key Metrics Changes - Consumer revenue reached $87 million, up 25% from the prior year, driven by strong demand for entry-level Professional Certificates [30] - Enterprise revenue was $54.2 million, up 24% year-over-year, with a gross profit margin of 71% [58] - Degrees revenue was $12.5 million, reflecting a 10% increase from the previous year, with a total of 19,068 degree students, marking a 9% growth [59] Market Data and Key Metrics Changes - The global learner base grew to 129 million by the end of June, with 5.7 million new registered learners added in Q2 [13] - The number of paid enterprise customers increased to 1,291, up 35% from a year ago, with a net retention rate of 97% [32] Company Strategy and Development Direction - The company is focusing on broadening its catalog of entry-level Professional Certificates and launching new degree programs tailored for working adults [49] - There is an emphasis on partnerships with universities and industry to enhance the relevance and accessibility of education [19][45] - The company aims to leverage AI technologies to improve learning experiences and operational efficiency [49] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating the dynamic macro environment due to the diversified platform [8] - The company raised its full-year revenue outlook to a range of $617 million to $623 million, reflecting an 18% growth at the midpoint [60] - Management anticipates being EBITDA breakeven in Q4 2023 and EBITDA positive for the full year 2024 [62] Other Important Information - The company repurchased 4.5 million shares at an average price of $12.06 per share, totaling $54.5 million [55] - The company is actively exploring M&A opportunities, focusing on assets that enhance its product portfolio rather than simply adding revenue [70] Q&A Session Summary Question: Strength in Consumer Segment - Management noted that growth in the Consumer segment is driven by new Professional Certificates and increased demand for existing content, with effective paid marketing contributing positively [40][41] Question: M&A Philosophy - The company is looking for strategic assets that complement its platform, focusing on talent acquisition rather than just revenue growth [69][70] Question: Enterprise Segment Dynamics - Management highlighted that while there are cyclical pressures in the Enterprise segment, particularly in Coursera for Business, there is potential for growth in campus and government verticals [74][80] Question: Net Retention Rate Factors - The decline in net retention rate is attributed to various factors, including gross logo churn and pricing pressure, with expectations for improvement in the future [118]