Coursera Inc - COUR STOCK NEWS

Coursera, Inc. (NYSE: COUR) announced the upcoming release of its financial results for the first quarter ended March 31, 2023 on April 27, 2023, following the U.S. stock market close. A press release will accompany the earnings report, providing consolidated financial information. A live conference call is scheduled for 2:00 p.m. PT (5:00 p.m. ET), with the audio webcast accessible on the company's investor relations website. Coursera, one of the largest online learning platforms, has 118 million registered learners as of December 31, 2022, partnering with over 300 universities and industry leaders to offer diverse learning opportunities.

Coursera (NYSE: COUR) held its first Investor Day on March 9, 2023, outlining long-term revenue targets, reflecting strong consumer demand and growth in its Degrees segment. The company aims for 25-30% revenue growth in the long-term and anticipates achieving positive Adjusted EBITDA in 2024. CFO Ken Hahn noted that Degrees revenue is expected to grow by over 25% year-over-year in 2024, driven by enrollment trends among working adults. Coursera emphasizes the importance of micro-credentials and flexible learning opportunities for global skill development.

Coursera (NYSE: COUR) has announced that CFO Ken Hahn will participate in a fireside chat at the Morgan Stanley Technology, Media & Telecom Conference on March 6, 2023, at 10:25 a.m. PT / 1:25 p.m. ET. The event will be available for live streaming and later replay on their Investor Relations website.

Additionally, an Investor Day is scheduled for March 9, 2023, in New York City, focusing on Coursera’s long-term strategy and financial targets. This event will also be web-streamed and archived for a year.

Coursera (NYSE: COUR) reported a 24% year-over-year revenue growth for Q4 2022, amounting to $142.2 million, and a 26% increase for the full year with total revenues of $523.8 million. Gross profit for Q4 was $87.9 million at a margin of 61.8%. However, net losses widened to $(51.7) million in Q4, despite improved non-GAAP metrics. The company added 5 million new learners in Q4, bringing the total to 118 million. Guidance for Q1 2023 projects revenue between $136 million to $140 million and a full year 2023 forecast between $595 million to $605 million.

Coursera, Inc. (NYSE: COUR) will release its fourth quarter and full year financial results for the year ending December 31, 2022 after the U.S. stock market closes on February 9, 2023. A conference call will follow at 2:00 p.m. PT (5:00 p.m. ET), with details available on the company's investor relations website. Additionally, an Investor Day is scheduled for March 9, 2023, in New York City, where executives will present the company's long-term strategy and financial targets. This session will also be webcast live to the public.