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Dec 31, 2023
Coursera Q4 2023 Earnings Report
Coursera's financial results for Q4 and full year 2023 were announced, with revenue up 19% year-over-year for the quarter and 21% for the full year.
Key Takeaways
Coursera reported a 19% increase in total revenue for Q4 2023, reaching $168.9 million. The company's net loss decreased significantly compared to the previous year, and it achieved positive adjusted EBITDA for the first time in the fourth quarter. The number of registered learners reached 142 million.
Total revenue increased to $168.9 million, a 19% increase year-over-year.
Net loss improved to $(20.4) million, compared to $(51.7) million a year ago.
Non-GAAP net income was $9.5 million, compared to a non-GAAP net loss of $(5.5) million in the prior year.
Free cash flow was $5.7 million, compared to $(7.9) million a year ago.
Revenue by Segment
Forward Guidance
Coursera anticipates revenue in the range of $168 to $172 million and Adjusted EBITDA in the range of $(2) to $2 million for the first quarter of 2024. For the full year 2024, revenue is projected to be between $730 to $740 million, with Adjusted EBITDA between $26 to $32 million and Free Cash Flow at or above Adjusted EBITDA.
Positive Outlook
- Revenue in the range of $168 to $172 million for Q1 2024
- Adjusted EBITDA in the range of $(2) to $2 million for Q1 2024
- Revenue in the range of $730 to $740 million for full year 2024
- Adjusted EBITDA in the range of $26 to $32 million for full year 2024
- Free Cash Flow at or above Adjusted EBITDA for full year 2024
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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