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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, Inc. (NYSE: COUR) announced the upcoming release of its financial results for the first quarter ended
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
Coursera (NYSE: COUR) announced that
CompTIA has partnered with Coursera to enhance technology training for global learners. This collaboration aims to deliver specialized online courses for CompTIA A+, Network+, and Security+ certifications, launching in early 2023. With over 100 million learners worldwide and partnerships with industry leaders like Google and IBM, Coursera continues to expand its educational offerings. This initiative is set to boost career opportunities by providing foundational skills necessary for in-demand IT jobs.
Coursera (NYSE: COUR) reported a 24% year-over-year revenue increase, reaching $136.4 million for Q3 2022, driven by a 51% surge in enterprise revenue. Gross profit rose 29% to $87.6 million, and gross margin improved to 64.2%. However, net loss grew to $(36.0) million and adjusted EBITDA was $(4.9) million. The company added 6 million registered learners, totaling 113 million. Looking ahead, Coursera expects Q4 2022 revenue between $135.5 and $139.5 million. Despite strong growth in consumer and enterprise segments, declines in degree revenue raise concerns.
Coursera (NYSE: COUR) will release its third-quarter financial results on
Coursera (NYSE: COUR) has expanded its Clips offering, now providing employees access to nearly 200,000 short videos aimed at developing high-demand skills in under 10 minutes. The number of leadership-focused clips has increased by 10x to meet the demand for leadership training, which only 5% of companies currently provide. According to Coursera, 36% of users engage in further learning after using Clips, indicating a growing trend toward microlearning. Key industry players like Google have adopted Clips to enhance workforce skills development.
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