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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.
Revenue by Segment
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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