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Sep 30, 2023
Coursera Q3 2023 Earnings Report
Coursera's Q3 2023 financial results were released, demonstrating revenue growth and improved full-year outlook.
Key Takeaways
Coursera reported a 21% increase in total revenue, reaching $165.5 million in Q3 2023. The company raised its 2023 revenue outlook midpoint by $10 million to $630 million and improved its Adjusted EBITDA margin outlook midpoint by 100 bps to (2.5)%.
Total revenue increased by 21% year-over-year to $165.5 million.
Consumer revenue grew by 27% year-over-year, driven by strong demand for Professional Certificates.
Enterprise revenue increased by 14% year-over-year, with growth across business, government, and campus verticals.
The company accelerated its AI-powered translation initiative, delivering over 4,000 courses in seven languages.
Coursera
Coursera
Coursera Revenue by Segment
Revenue by Segment
Consumer Revenue
CapyFin.comEnterprise Revenue
CapyFin.com Forward Guidance
For Q4 2023, Coursera projects revenue between $161 to $165 million and Adjusted EBITDA breakeven. For the full year 2023, the company anticipates revenue in the range of $628 to $632 million and Adjusted EBITDA of approximately $(15.7) million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income