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Mar 31, 2023
Coursera Q1 2023 Earnings Report
Coursera's first quarter 2023 financial results showed revenue growth and progress in the Degrees segment.
Key Takeaways
Coursera's Q1 2023 results showcased a 23% year-over-year revenue increase, driven by strong performance in the Consumer and Enterprise segments, and the company announced ten new degree programs.
Total revenue was $147.6 million, up 23% year-over-year.
Consumer revenue increased by 20% year-over-year, driven by strong entry-level Professional Certificate performance.
Enterprise revenue grew by 34% year-over-year, with growth in all segment verticals.
Ten new degree programs were announced, priced affordably under $20,000.
Coursera
Coursera
Coursera Revenue by Segment
Revenue by Segment
Consumer Revenue
CapyFin.comEnterprise Revenue
CapyFin.com Forward Guidance
Coursera provided revenue and Adjusted EBITDA guidance for the second quarter and full year 2023.
Positive Outlook
- Second quarter 2023 revenue is expected to be in the range of $143 to $147 million.
- Second quarter 2023 Adjusted EBITDA is expected to be in the range of $(13) to $(16) million.
- Full year 2023 revenue is expected to be in the range of $600 to $610 million.
- Full year 2023 Adjusted EBITDA is expected to be in the range of $(26) to $(34) million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income