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Mar 31, 2024
Coursera Q1 2024 Earnings Report
Coursera's first quarter results for 2024 showed revenue growth and increased operating leverage.
Key Takeaways
Coursera's Q1 2024 earnings report showcased a 15% year-over-year revenue increase, reaching $169.1 million. The company reported net cash provided by operating activities of $24.5 million and a Free Cash Flow of $18.1 million. They also added 7 million new registered learners during the quarter, bringing the total to 148 million.
Total revenue increased by 15% year-over-year, reaching $169.1 million.
Net loss improved to $(21.3) million, compared to $(32.4) million in the previous year.
Free Cash Flow significantly increased to $18.1 million, compared to $0.9 million year-over-year.
Added 7 million new registered learners, bringing the total to 148 million.
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 Q2 2024 and full year 2024.
Positive Outlook
- Second quarter 2024 revenue is expected to be in the range of $162 to $166 million.
- Second quarter 2024 Adjusted EBITDA is expected to be in the range of $(2) to $2 million.
- Full year 2024 revenue is expected to be in the range of $695 to $705 million.
- Full year 2024 Adjusted EBITDA is expected to be in the range of $24 to $28 million.
- Reaffirming Adjusted EBITDA margin outlook of approximately 4%.
Challenges Ahead
- Actual results may differ materially from Coursera’s Financial Outlook.
- Stock-based compensation expense-related charges are impacted by the timing of employee stock transactions.
- Future fair market value of our common stock is difficult to predict and subject to constant change.
- Our future hiring and retention needs are difficult to predict and subject to constant change.
- Uncertainty regarding expenses that may be incurred in the future.
Revenue & Expenses
Visualization of income flow from segment revenue to net income