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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.
Revenue by Segment
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.
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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