Loading...
•
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.
Revenue by Segment
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...