Welcome to our dedicated page for Coursera news (Ticker: COUR), a resource for investors and traders seeking the latest updates and insights on Coursera stock.
Coursera, Inc. (symbol: COUR) is a leading education-focused technology company that revolutionizes the way individuals access university-level education. Founded in 2012 by Stanford Professors Daphne Koller and Andrew Ng, Coursera's mission is to connect millions of learners around the world with the skills and knowledge they need to transform their lives and careers. Headquartered in Mountain View, California, Coursera has garnered support from top venture firms like Kleiner Perkins Caufield & Byers, New Enterprise Associates, GSV Capital, International Finance Corporation, Laureate Education Inc, and Learn Capital.
The company operates a robust online learning platform that merges content, data, and technology, providing a customizable and extensible learning experience. Coursera's platform offers three main segments: Consumer, Enterprise, and Degrees. The Consumer segment caters to individual learners seeking hands-on learning opportunities, valuable job skills, and professional certifications. This segment is the primary revenue generator for the company.
The Enterprise segment serves organizations and enterprises that aim to upskill their workforce, while the Degrees segment partners with top universities to offer accredited online degree programs. Coursera's extensive catalog includes courses from elite institutions and is designed to meet the educational needs of learners at different stages of their careers.
Recently, Coursera has achieved significant milestones, including expanding its partnerships with leading universities and enterprises, enhancing its platform with advanced features like AI-driven personalized learning paths, and launching new courses in emerging fields. The company's financial condition remains robust, supported by consistent revenue growth and strategic investments.
Coursera's impact is far-reaching, providing affordable, accessible, and relevant educational content to learners globally. The platform empowers individuals to achieve their professional goals and helps organizations to build the skills needed for success in the 21st century.
Coursera (COUR) reported Q3 2024 revenue of $176.1 million, up 6% year-over-year. The company achieved significant improvements in profitability with non-GAAP net income of $16.6 million compared to a loss last year. Consumer revenue grew 3% to $102.3 million, Enterprise revenue increased 10% to $60.4 million, and Degrees revenue rose 15% to $13.4 million. The company added over 7 million new registered learners, reaching 162 million total. Coursera announced a workforce reduction of approximately 10% to generate $30 million in annual cost savings. The company raised its full-year 2024 EBITDA margin outlook to 5.4%.
Coursera (NYSE: COUR) announces CEO Jeff Maggioncalda's live-streamed keynote at Coursera Connect 2024 on September 17, 2024. The presentation, titled 'The Future of Learning and Work: How GenAI is Creating More Equal Opportunity,' will be available on LinkedIn at 8:30 a.m. PT / 11:30 a.m. ET.
Prior to the keynote, Coursera revealed several platform enhancements:
- Nine new university and industry partners
- 20 new and upgraded GenAI certificates and Specializations
- Eight new Professional Certificates
- Expansion of AI-powered Coursera Coach for career guidance and interactive instruction
Moderna (NASDAQ:MRNA) and Coursera (NYSE:COUR) have partnered to launch a free online course called 'mRNAs as Medicines'. This three-module course, designed by Moderna experts, offers a comprehensive understanding of mRNA medicines, their functionality, and potential applications. The initiative aims to address the growing demand for STEM skills and close the workforce readiness gap.
The course covers topics such as protein and mRNA structure, their roles in the body, and how mRNA medicines can prevent and treat diseases. It's accessible to anyone registered as a Coursera learner, including students, scientists, and medical professionals. This collaboration aligns with both companies' commitments to advancing scientific education and fostering innovation, while addressing the projected need to fill 3.5 million STEM jobs in the U.S. by 2025.
Coursera (NYSE: COUR) reported its Q2 2024 financial results, highlighting significant achievements and financial performance.
Total revenue increased by 11% YoY to $170.3 million, and gross profit rose to $90.2 million. The company recorded a non-GAAP net income of $13.8 million, reversing a loss from the previous year. Notable milestones include over 2 million enrollments in generative AI courses and a record number of Professional Certificates launched.
Consumer revenue grew by 12% to $97.3 million, Enterprise revenue by 8% to $58.7 million, and Degrees revenue by 14% to $14.3 million. Operating cash flow improved to $23.9 million, with free cash flow at $17.0 million. The company completed a $95 million share repurchase program and updated its financial outlook for Q3 and full-year 2024.
Coursera (NYSE: COUR) will announce its financial results for the second quarter of 2024 on July 25, 2024, after the U.S. stock market closes. The results will be released via a press release with consolidated financial information. A live, audio-only conference call will be held at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day. The webcast and earnings release materials will be available on Coursera’s investor relations website. An archived replay will also be accessible for one year. Coursera adheres to Regulation FD by disclosing material information through various means, including SEC filings, press releases, blogs, conference calls, and webcasts.
Coursera (NYSE: COUR) has partnered with Microsoft (NASDAQ: MSFT) to launch four new entry-level Professional Certificates aimed at preparing learners for high-demand jobs. The new offerings include IT Support Specialist, Cloud Support Associate, Business Analyst, and Project Manager certificates. These programs do not require a college degree or prior work experience and feature generative AI-specific lessons within the Microsoft 365 product suite.
Microsoft will also award more than 5,000 scholarships by 2025 through a partnership with Women in Cloud, providing access to all Microsoft programs on Coursera. The scholarships, valued at $6,000 each, prioritize women and marginalized communities. Successful certificate holders will receive vouchers for Microsoft certification exams. Enrollment is currently open.
Coursera (NYSE: COUR) has announced participation in two upcoming investor conferences. On May 16, 2024, CFO Ken Hahn will speak at the Needham 19th Annual Technology, Media, & Consumer Conference at 8:45 a.m. PT / 11:45 a.m. ET. CEO Jeff Maggioncalda will present at the William Blair 44th Annual Growth Stock Conference on June 5, 2024, at 6:40 a.m. PT / 9:40 a.m. ET. These sessions will be available via webcast and archived on Coursera's Investor Relations website. The company complies with Regulation FD by disclosing material information through various public channels.
Coursera, Inc. (NYSE: COUR) reported a 15% year-over-year revenue growth, reaching $169.1 million in the first quarter of 2024. The company achieved a gross profit of $89.5 million, with a net loss of $(21.3) million. However, non-GAAP net income was $11.9 million. Coursera added 7 million new registered learners, bringing the total to 148 million. The company's Financial Outlook for the second quarter includes revenue of $162 to $166 million and Adjusted EBITDA in the range of $(2) to $2 million.
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