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 ...

Coursera, Inc. (NYSE:COUR) Q3 2023 Earnings Conference Call October 26, 2023 5:00 PM ET Company Participants Cam Carey - Head, Investor Relations Jeff Maggioncalda - Chief Executive Officer Ken Hahn - Chief Financial Officer Conference Call Participants Stephen Sheldon - William Blair Josh Baer - Morgan Stanley Jeff Silber - BMO Capital Markets Brian Peterson - Raymond James Ryan MacDonald - Needham & Company Taylor McGinnis - UBS Operator Ladies and gentlemen, thank you for standing by. And welcome to Cour ...

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 ...

Coursera, Inc. (NYSE:COUR) Q2 2023 Earnings Conference Call July 27, 2023 5:00 PM ET Company Participants Cam Carey - Head, IR Jeff Maggioncalda - CEO Ken Hahn - CFO Conference Call Participants Josh Baer - Morgan Stanley Thomas Singlehurst - Citigroup Richard Poland - RBC Capital Markets Eric Sheridan - Goldman Sachs Matthew Shea - Needham & Co. Taylor McGinnis - UBS Robert Simmons - D.A. Davidson Jason Celino - KeyBanc Capital Markets Brett Knoblauch - Cantor Fitzgerald Operator Ladies and gentlemen, than ...

Revenue and Growth - Total revenue for the three months ended March 31, 2023, was $147,642,000, representing a 23% increase from $120,433,000 in the same period of 2022[54] - Enterprise segment revenue increased by 34% to $52,173,000 compared to $39,046,000 in the prior year[54] - Total registered learners increased to 123.7 million in 2023, up from 101.7 million in 2022, representing a year-over-year growth of 22%[67] Financial Performance - The net loss for the three months ended March 31, 2023, was $32.4 million, compared to a net loss of $38.3 million in the same period of 2022, showing a reduction in losses[76] - Adjusted EBITDA for the three months ended March 31, 2023, was $(7.5) million, an improvement from $(10.5) million in the same period of 2022[76] - The company experienced a net loss margin of (22)% for the three months ended March 31, 2023, an improvement from (32)% in the same period of 2022[76] Operating Expenses - Total operating expenses for the three months ended March 31, 2023, were $116,545,000, a slight increase of 2% from $114,800,000 in the same period of 2022[56] - The company recognized restructuring charges of $5,659,000 during the three months ended March 31, 2023, primarily related to personnel expenses[56] - The company incurred stock-based compensation expense of $30.3 million for the three months ended March 31, 2023, compared to $22.0 million in the same period of 2022[76] Cash Flow and Investments - Free Cash Flow for the period is calculated as net cash provided by operating activities minus capital expenditures, indicating liquidity for strategic opportunities[45] - For the three months ended March 31, 2023, net cash used in investing activities was $50.5 million, a decrease from $185.1 million in the same period of 2022, indicating improved cash management[65] - The company reported a net decrease in cash, cash equivalents, and restricted cash of $53.5 million for the three months ended March 31, 2023, compared to a decrease of $219.3 million in the same period of 2022[65] Customer Metrics - Net Retention Rate for Paid Enterprise Customers decreased to 104% as of March 31, 2023, down from 109% as of March 31, 2022[40] - Approximately 90% of total Enterprise segment revenue was generated from Paid Enterprise Customers for the three months ended March 31, 2023[39] - The net retention rate for paid enterprise customers was not specified but is monitored as a key metric for financial performance[70] Segment Performance - Consumer segment gross profit was $44,617,000 with a gross margin of 54%, down from 71% in the previous year[42] - Segment gross profit is monitored to evaluate financial performance, with content costs being a significant factor affecting profitability[73] - The company is focused on segment performance, with shifts in mix between Consumer, Enterprise, and Degrees segments expected to drive overall financial performance[73] Shareholder Actions - On April 26, 2023, the Board of Directors approved a share repurchase program with authorization to purchase up to $95 million of common stock[62]