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Sep 30, 2021
Coursera Q3 2021 Earnings Report
Coursera's third-quarter performance reflected the continued urgency with which companies, campuses, and governments around the world invested in digital skills.
Key Takeaways
Coursera's total revenue was $109.9 million, up 33% from $82.7 million a year ago. Large-scale reskilling efforts drove Enterprise growth of 75% year-over-year.
Total revenue was $109.9 million, up 33% from $82.7 million a year ago.
Gross profit was $67.7 million or 61.6% of revenue, up 55% from $43.7 million a year ago.
Net loss was $(32.5) million or (29.5)% of revenue, compared to $(11.9) million or (14.4)% of revenue a year ago.
Free cash flow was $7.1 million, compared to $(4.2) million a year ago.
Coursera
Coursera
Coursera Revenue by Segment
Revenue by Segment
Consumer Revenue
CapyFin.comEnterprise Revenue
CapyFin.com Forward Guidance
Coursera provided revenue guidance for the fourth quarter fiscal year 2021 and full year fiscal year 2021.
Positive Outlook
- Revenue in the range of $109 to $113 million for fourth quarter fiscal 2021.
- Adjusted EBITDA in the range of $(16.5) to $(19.5) million for fourth quarter fiscal 2021.
- Revenue in the range of $409 to $413 million for full-year fiscal 2021.
- Adjusted EBITDA in the range of $(32.5) to $(35.5) million for full-year fiscal 2021.
- 2021 revenue outlook anticipates 40% year-over-year growth for the full year.
Challenges Ahead
- Actual results may differ materially from Coursera’s Financial Outlook.
- Expenses that may be incurred in the future is uncertain.
- The potential variability of expenses that may be incurred in the future is uncertain.
- Stock-based compensation expense-related charges are impacted by the timing of employee stock transactions.
- Stock-based compensation expense-related charges are impacted by the future fair market value of our common stock, and our future hiring and retention needs.
Revenue & Expenses
Visualization of income flow from segment revenue to net income