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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.
Coursera
Coursera
Coursera Revenue by Segment
Revenue by Segment
Consumer Revenue
CapyFin.comEnterprise Revenue
CapyFin.com 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