Coursera CEO Greg Hart on the Udemy Deal, the Skills Economy and the Future of Online Education

Core Insights - Corsera is positioned as a significant player in the digital education space, competing with various educational formats and platforms, and has a catalog of over 13,500 courses, growing at over 45% year-over-year [5][10] - The company is experiencing a surge in interest in AI-related courses, averaging 15 enrollments per minute in 2025 [6] - Corsera is in the process of merging with Udemy, which will diversify its content offerings and balance its consumer and enterprise revenue streams [15][10] Company Positioning - Corsera differentiates itself by offering high-quality content from renowned universities and industry partners, including Google, Microsoft, and IBM [5] - The merger with Udemy will combine Corsera's institutional focus with Udemy's extensive network of over 85,000 content creators, enhancing the breadth of available courses [8][10] Financial Performance - For 2025, the combined revenue of Corsera and Udemy is projected to be $1.5 billion, with a balanced revenue split of 50% from consumers and 50% from enterprises [15][16] - Corsera has reported a cash flow generation of over $78 million for fiscal year 2025, with an adjusted EBITDA margin of approximately 10% [37][41] Market Dynamics - Despite strong earnings, Corsera's stock price has declined over 20% in the past year, reflecting broader market concerns about digital education companies [42][44] - The company aims to improve its fundamentals and deliver consistent revenue growth, having achieved 9% year-over-year revenue growth in 2025 [46][48] AI Integration - Corsera is leveraging generative AI to enhance the learning experience, including features like AI-driven tutoring and course creation tools [52][56] - The company is committed to using AI to improve content delivery and learner engagement, while also ensuring that human instructors remain central to the educational experience [58][60] Corporate Structure - As a public benefit corporation, Corsera prioritizes the interests of various stakeholders, including employees and learners, alongside shareholder value [64][66] - The company's mission is closely tied to its business success, emphasizing the importance of improving educational outcomes for learners globally [67][68]