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 (NYSE: COUR) has launched its new Leadership Academy as part of its Coursera for Business platform. This initiative aims to equip companies with essential leadership skills amid evolving workplace dynamics. The academy offers over 350 job-based content recommendations and features 42 SkillSets, covering areas like Emotional Intelligence and Change Management. The Leadership Academy is designed to help organizations foster a culture of leadership through scalable, personalized training.
Coursera (NYSE: COUR) introduces a new tiered fee structure for universities aiming to expand online degree offerings, reducing service fees from 40% to 25% as programs grow. This change is designed to support growing demand for affordable online education, with a reported 55% increase in degree offerings on Coursera. Notable partners like the University of Illinois at Urbana-Champaign and the University of Colorado Boulder endorse this initiative, highlighting benefits for students and program scalability. The structure will first launch in North America and Europe.
Coursera (NYSE: COUR) announces that CFO Ken Hahn will participate in a virtual fireside chat at the KeyBanc Technology Leadership Forum on August 11, 2021, at 12:20 p.m. PT / 3:20 p.m. ET. A live webcast and replay will be available on Coursera's Investor Relations website. Coursera, founded in 2012, has 87 million registered learners and partners with over 200 institutions to provide access to high-demand educational content.
Coursera (NYSE: COUR) reported Q2 2021 financial results, with revenue at $102.1 million, reflecting a 38% increase year-over-year. Gross profit reached $60.9 million, marking a 58% rise. However, the net loss deepened to $(46.4) million, compared to $(13.9) million a year prior.
Significant metrics include a 69% increase in Enterprise revenue, driven by strong customer renewals and growth, alongside the addition of 5 million registered learners, totaling 87 million learners.
Coursera (NYSE: COUR) is set to release its second quarter fiscal year 2021 financial results on August 3, 2021, post-market close. The earnings will be shared via press release and financial statements, followed by a conference call at 2:00 p.m. PT. Investors can access the live webcast and archived replay on Coursera's Investor Relations website. The company, established in 2012, serves over 82 million learners, partnering with 200+ institutions to offer a comprehensive range of learning options, from courses to degrees.
The Global Skills Report by Coursera highlights a worsening digital skills gap in the US exacerbated by the pandemic. Over 77 million learners' data reveals the US ranks low globally in digital skills, placing 29th in business and 30th in technology. Notably, regions like the South lag in training for middle-skill jobs. However, the rate of women enrolling in online courses increased significantly. The report emphasizes the necessity of accessible credentials for reskilling, with an expectation of 97 million new digital jobs worldwide by 2025, underscoring the urgency of addressing the skills gap.
Coursera, Inc. (NYSE: COUR) has announced participation in two upcoming conferences. The William Blair 41st Annual Growth Stock Conference is set for June 3, 2021, featuring CEO Jeff Maggioncalda at 10:00 a.m. PT. Following that, the Stifel 2021 Virtual Cross Sector Insight Conference will take place on June 8, 2021, with CFO Ken Hahn speaking at 12:20 p.m. PT. Live and archived webcasts will be available on the company's investor relations website. Coursera serves over 82 million learners and partners with over 200 institutions to provide a variety of educational content.
Coursera (NYSE: COUR) has announced that its CFO, Ken Hahn, will participate in a fireside chat at the 16th Annual Needham Virtual Technology & Media Conference on May 18, 2021, at 9:45 a.m. PT / 12:45 p.m. ET. A live webcast and an archived replay will be accessible on Coursera's Investor Relations website.
Coursera emphasizes its commitment to transparency by sharing material information via various channels, including SEC filings and webcasts. Founded in 2012, Coursera has over 82 million registered learners and collaborates with over 200 educational partners.
Coursera (NYSE: COUR) has announced a partial early release of lock-up restrictions on certain shares of its common stock. As of May 4, 2021, 25% of the shares held by executive officers, directors, and other equityholders can be sold starting May 11, 2021, pending specific share price conditions. Approximately 34 million shares will be eligible for trading, subject to Securities Act regulations. The remaining shares will still be under lock-up agreements.
Coursera (NYSE: COUR) reported a strong first quarter for fiscal 2021, ending March 31, with total revenue of $88.4 million, a 64% increase year-over-year. Gross profit rose 71% to $49.5 million, representing 56.1% of revenue. However, the company incurred a net loss of $(18.7) million, though this loss represented an improvement as a percentage of revenue. Key metrics show a surge in registered learners to 82 million and a significant 63% growth in Enterprise revenue, reflecting strong demand for online learning. Outlook for Q2 revenue is projected between $89 and $93 million.
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