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Sep 30, 2024
Coursera Q3 2024 Earnings Report
Coursera's Q3 2024 financial results were released, showing revenue growth and increased profitability.
Key Takeaways
Coursera reported a 6% increase in revenue to $176.1 million and a significant improvement in net income, moving from a net loss of $(32.1) million to a net loss of $(13.7) million. The company also demonstrated strong bottom-line performance, raising the midpoint of its full year 2024 EBITDA Margin outlook by 170 basis points to 5.4%.
Total revenue increased by 6% year-over-year to $176.1 million.
Net loss improved from $(32.1) million to $(13.7) million year-over-year.
Non-GAAP net income was $16.6 million, compared to a non-GAAP net loss of $(2.1) million in the prior year.
Free Cash Flow increased to $16.7 million, compared to $13.5 million a year ago.
Revenue by Segment
Forward Guidance
Coursera provided revenue and Adjusted EBITDA guidance for Q4 2024 and full year 2024.
Positive Outlook
- Fourth quarter 2024 revenue is expected to be in the range of $174 to $178 million.
- Fourth quarter 2024 Adjusted EBITDA is expected to be in the range of $4.5 to $6.5 million.
- Full year 2024 revenue is expected to be in the range of $690 to $694 million.
- Full year 2024 Adjusted EBITDA is expected to be in the range of $36.5 to $38.5 million.
- Adjusted EBITDA Margin outlook raised by 170 basis points to 5.4%.
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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