Core Insights - Coursera reported a revenue of $170.34 million for Q2 2024, marking a year-over-year increase of 10.8% and an EPS of $0.09 compared to $0.00 a year ago [2][6] Financial Performance Metrics - Total registered learners reached 155 million, slightly above the average estimate of 152.85 million [4] - The number of degree students was reported at 22,600, compared to the estimated 22,668 [4] - Paid enterprise customers totaled 1,511, slightly exceeding the average estimate of 1,508 [4] - Consumer revenues were $97.30 million, surpassing the estimated $92.64 million, reflecting an 11.8% year-over-year increase [4] - Degree revenues amounted to $14.30 million, exceeding the estimate of $13.66 million, with a year-over-year change of 14.4% [4] - Enterprise revenues were reported at $58.70 million, slightly above the average estimate of $58.34 million, representing an 8.3% year-over-year change [4] Stock Performance - Coursera's shares have returned +11.1% over the past month, contrasting with the Zacks S&P 500 composite's -0.3% change [5] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market [5]

Net Income (Loss) Disclaimer In addition to financial information presented in accordance with GAAP, this presentation includes non-GAAP gross profit, non-GAAP net income (loss), non-GAAP net income (loss) per share, Adjusted EBITDA, Adjusted EBITDA Margin, and Free Cash Flow, each of which is a non-GAAP financial measure. These are key measures used by our management to help us analyze our financial results, establish budgets and operational goals for managing our business, evaluate our performance, and ma ...

Coursera (COUR) came out with quarterly earnings of $0.09 per share, beating the Zacks Consensus Estimate of $0.01 per share. This compares to break-even earnings per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 800%. A quarter ago, it was expected that this online learning platform would post earnings of $0.01 per share when it actually produced earnings of $0.07, delivering a surprise of 600%. Over the last four quarters, th ...

coursera • Surpassed more than 2 million enrollments in generative AI catalog created by trusted brands • Launched a record number of entry-level Professional Certificates from leading industry partners "We are excited to surpass more than two million enrollments in our generative AI catalog of courses, credentials, and hands-on projects created by the world's top technology companies and research universities," said Coursera CEO Jeff Maggioncalda. "Individuals and institutions are looking to harness the po ...

Group 1: Taiwan Semiconductor (TSM) - Taiwan Semiconductor is crucial to the global chip market, significantly impacting the tech sector and the world economy, especially highlighted during the pandemic's disruption of the $891 billion semiconductor industry [1] - Despite geopolitical risks, TSM is considered an underrated tech stock, currently off 10% from its high, with a strong second-quarter performance overshadowed by these concerns [2] - The potential for geopolitical tensions, such as a Chinese invasion of Taiwan, remains a low-probability event, yet it causes anxiety among investors in the semiconductor sector [6][7] Group 2: Coursera (COUR) - Coursera, valued at $1.1 billion, is positioned as a strong AI play insulated from geopolitical risks, leveraging generative AI for personalized learning experiences [11][4] - The company is seen as a great value buy, especially as its shares are close to all-time lows, appealing to investors interested in the AI-driven education technology revolution [3] Group 3: Netflix (NFLX) - Netflix maintains a dominant position in the streaming market, showcasing immense pricing power and a strong content strategy that sets it apart from competitors [14] - The company reported a solid second quarter, adding 8 million new subscribers, indicating continued growth despite its size, and is investing in AI for personalization and content creation [18]

Edtech is a highly competitive industry with several players aiming for market share gains. While Coursera's size and early mover advantage should help the company, the competition remains intense. While the company has made good use of AI so far, AI also presents a risk/competitive threat. Some learners have already started using AI platforms like ChatGPT to enhance their knowledge of particular topics and companies like Chegg have seen a significant negative impact. I don't see an immediate risk to Course ...

Investors should always pay close attention to stocks with lowered price targets. Not only can that lowered target highlight potential danger, but it can also highlight a potential short opportunity to be well aware of.Often, downgraded and downward price revisions are influenced by company fundamentals, including financial health and future growth. They can also indicate bearish trends in the industry, including earnings trends and financial data. Or, perhaps a firm is simply jumping on a bearish bandwagon ...

Revenue Growth - For the three months ended March 31, 2024, total revenue was $169.1 million, an increase of $21.4 million or 15% compared to $147.6 million for the same period in 2023[97] - Consumer revenue increased by $14.7 million, or 18%, to $96.7 million, driven by new learners contributing $41.6 million[98] - Enterprise revenue rose by $5.3 million, or 10%, attributed to an increase in new customers, despite a decrease in existing customer spend[99] - Degrees revenue increased by $1.4 million, or 10%, primarily due to a $3.1 million rise from more Degrees students, offset by a decrease in revenue per student[100] - Total revenue for Q1 2024 was $169.1 million, a 15% increase from $147.6 million in Q1 2023[139] - Consumer revenue reached $96.7 million in Q1 2024, growing 18% year-over-year, while Enterprise revenue increased by 10% to $57.5 million[139] - Degrees revenue for Q1 2024 was $14.8 million, up 10% from $13.4 million in Q1 2023[139] Profitability and Loss - The net loss for the three months ended March 31, 2024, was $21.3 million, a reduction from a net loss of $32.4 million in the same period of 2023, resulting in a net loss margin of 13% compared to 22%[83] - Non-GAAP net income for Q1 2024 was $11.9 million, compared to a non-GAAP net loss of $5.2 million in Q1 2023[144] - Free Cash Flow for Q1 2024 was $18.1 million, significantly up from $0.9 million in Q1 2023[150] - Adjusted EBITDA for Q1 2024 was $8.3 million, compared to an adjusted EBITDA loss of $7.5 million in Q1 2023[147] Expenses and Costs - Gross profit for the quarter was $89.5 million, representing a gross margin of 53%, up from 52% in the prior year[96] - Operating expenses totaled $119.2 million, with research and development expenses at $34.6 million, down from $43.8 million in the previous year[94] - Cost of revenue for the three months ended March 31, 2024 was $79.6 million, an increase of 13% from $70.2 million in the same period of 2023[101] - Total operating expenses for the three months ended March 31, 2024 were $119.2 million, a slight increase of 2% compared to $116.5 million in 2023[104] - Research and development expenses decreased by 21% to $34.6 million for the three months ended March 31, 2024, down from $43.8 million in 2023[105] Learner and Customer Growth - The average total number of registered learners increased by 20%, contributing to the growth in paid learners[97] - Total registered learners reached 148.5 million as of March 31, 2024, representing a year-over-year growth of 20% from 123.7 million[129] - The number of Degrees students increased to 22.2 thousand in Q1 2024, up from 18.1 thousand in Q1 2023, representing a year-over-year growth of 23%[132] - Paid Enterprise Customers rose to 1,480 in Q1 2024, compared to 1,253 in Q1 2023, reflecting an 18% year-over-year growth[134] Cash and Liquidity - Net cash provided by operating activities increased significantly to $24.5 million for the three months ended March 31, 2024, compared to $4.7 million in the same period of 2023[120] - Cash and cash equivalents totaled $725.4 million as of March 31, 2024, providing a strong liquidity position[111] - The company expects existing cash and cash equivalents, along with anticipated cash flows from operations, to be sufficient to meet cash needs for at least the next 12 months[113] - The company repurchased 431,783 shares of common stock for $6.0 million during the three months ended March 31, 2024, with $30.6 million remaining under the share repurchase program[116] Interest and Currency Risk - Interest income for the three months ended March 31, 2024 was $9.6 million, a 19% increase from $8.0 million in the same period of 2023[109] - As of March 31, 2024, a hypothetical 100 basis point increase or decrease in interest rates would have resulted in a $7.3 million and $7.8 million change in annualized interest income[157] - The company’s revenue is primarily denominated in U.S. dollars, minimizing exposure to significant foreign currency risk, while operating expenses are subject to fluctuations in local currencies[158] - A 10% increase or decrease in current exchange rates would have impacted the Condensed Consolidated Financial Statements by $0.5 million and $0.9 million for the three months ended March 31, 2024 and 2023, respectively[159] - The company maintains foreign-currency denominated cash and cash equivalents to support ongoing operations in foreign entities[159] - The company has not entered into any hedging arrangements for foreign currency risk but may consider doing so in the future[159] Partnerships and Strategic Initiatives - The company continues to invest in expanding its international footprint to tap into underserved adult learning populations[90] - Coursera partners with over 325 leading global universities and industry partners to provide high-quality content and credentials[81]

The company was more optimistic about growth three months ago than it is right now.Shares of online education company Coursera (COUR -13.08%) crashed on Tuesday and even briefly hit all-time lows in the first moments of trading today. Coursera stock has recovered a little from the bottom, but was still down about 12% as of noon ET.Where's the expected AI boost?Coursera just reported financial results for the first quarter of 2024, and in isolation, the numbers weren't bad. In Q1, the company generated reven ...

Coursera (NYSE:COUR) stock is dropping on Tuesday after the company released its earnings report for the first quarter of 2024.Lackluster guidance in that report is why shares are falling this morning. That includes its revenue guidance of $162 to $166 million for the second quarter of the year. This would miss Wall Street’s estimate of $177.82 million for the quarter.Coursera’s revenue guidance of $695 to $705 million for the full year of 2024 also leaves much to be desired. It wouldn’t come close to reach ...