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Jun 30, 2024
Coursera Q2 2024 Earnings Report
Coursera's financial performance in Q2 2024 showed growth across segments with strong operating leverage and cash flow performance.
Key Takeaways
Coursera's Q2 2024 financial results revealed a total revenue of $170.3 million, up 11% year-over-year, and a net loss of $(23.0) million, an improvement from the previous year's $(31.7) million. The company surpassed 2 million enrollments in its generative AI catalog and launched a record number of entry-level Professional Certificates.
Total revenue increased by 11% year-over-year to $170.3 million.
Consumer revenue grew by 12% year-over-year, driven by Coursera Plus and generative AI credentials.
Enterprise revenue increased by 8% year-over-year, with a 17% increase in Paid Enterprise Customers.
Degrees revenue grew by 14% year-over-year due to scaling of new programs.
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 Q3 2024 and full year 2024.
Positive Outlook
- Third quarter 2024 revenue is expected to be in the range of $171 to $175 million.
- Third quarter 2024 Adjusted EBITDA is expected to be in the range of $0 to $4 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 due to various factors.
- Uncertainty regarding expenses that may be incurred in the future.
- Stock-based compensation expense-related charges are impacted by the timing of employee stock transactions and the future fair market value of common stock.
- Future hiring and retention needs are difficult to predict and subject to constant change.
- A reconciliation of non-GAAP guidance measure (Adjusted EBITDA) to the corresponding GAAP guidance measure is not available on a forward-looking basis without unreasonable effort.
Revenue & Expenses
Visualization of income flow from segment revenue to net income