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Coursera (COUR) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
COURCoursera,(COUR) ZACKS·2024-07-26 00:00

Core Insights - Coursera reported a revenue of 170.34millionforQ22024,markingayear−over−yearincreaseof10.8170.34 million for Q2 2024, marking a year-over-year increase of 10.8% and an EPS of 0.09 compared to 0.00ayearago[2][6]FinancialPerformanceMetrics−Totalregisteredlearnersreached155million,slightlyabovetheaverageestimateof152.85million[4]−Thenumberofdegreestudentswasreportedat22,600,comparedtotheestimated22,668[4]−Paidenterprisecustomerstotaled1,511,slightlyexceedingtheaverageestimateof1,508[4]−Consumerrevenueswere0.00 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 92.64million,reflectingan11.892.64 million, reflecting an 11.8% year-over-year increase [4] - Degree revenues amounted to 14.30 million, exceeding the estimate of 13.66million,withayear−over−yearchangeof14.413.66 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]