Welcome to our dedicated page for Coursera news (Ticker: COUR), a resource for investors and traders seeking the latest updates and insights on Coursera stock.
Coursera, Inc. reports developments tied to its online learning platform, which connects individual learners, educators, companies, universities and other institutions with courses, Specializations, Professional Certificates and degrees. The company’s updates commonly cover operating and financial results, shareholder communications, investor events, governance matters and capital-structure disclosures.
Coursera news also includes platform and market research on skills demand, GenAI adoption, higher education and workforce training. Its recurring business themes include Consumer and Enterprise activity, university and industry partner content, AI-enabled learning features such as Coach, Role Play and Course Builder, and role-based offerings such as Skills Tracks.
Coursera (NYSE: COUR) announces participation by CFO Ken Hahn in two upcoming investor conferences. The first is the 2021 RBC Capital Markets Global Technology, Internet, Media, and Telecommunications Conference on November 16, 2021, at 11:00 a.m. PT. The second is the 11th Annual Needham Virtual SaaS 1x1 Conference on November 18, 2021. Investors can access a live webcast of the fireside chat and an archived replay on Coursera’s Investor Relations website.
Coursera (NYSE: COUR) has launched LevelSets, a new assessment tool to gauge proficiency in vital technology and data skills, including data analysis and machine learning. Available on its enterprise platform, LevelSets features over 20 assessments created with machine learning, enabling learners to complete evaluations in under 15 minutes. Initial data show early adopters like Fidelity and Pfizer report 3x increased enrollment in recommended courses and a 66% boost in completion rates post-assessment. LevelSets aims to streamline the learning journey and enhance skill development for learners.
Coursera (NYSE: COUR) reported a 33% year-over-year revenue growth for Q3 2021, totaling $109.9 million. Gross profit increased by 55% to $67.7 million, reflecting a gross margin of 61.6%. While the net loss widened to $(32.5) million, non-GAAP net loss was $(8.0) million. The company achieved a 75% growth in Enterprise revenue, driven by expanding customer relationships, and added 5.5 million new registered learners, reaching 92 million total learners. The full-year revenue outlook anticipates 40% growth.
Coursera (NYSE: COUR) is set to announce its financial results for Q3 2021 on November 2, 2021, following the U.S. market close. The announcement will include a press release and financial statements, followed by a conference call at 2:00 PM PT (5:00 PM ET). Investors can access the live webcast through the company’s Investor Relations website. Coursera, founded in 2012, boasts 87 million registered learners as of June 30, 2021 and partners with over 200 institutions.
The Women and Skills Report by Coursera analyzes the pandemic's impact on women's learning trends, revealing a rise in online education participation. Women comprised 52% of new learners in 2021, up from 47% in 2019. Despite higher unemployment rates, women are increasingly enrolling in STEM and entry-level Professional Certificate programs. The report highlights that women learners show a balanced investment in both human and digital skills. Coursera's initiatives contributed to this growth, indicating a shift towards skill development amid challenging labor market conditions.
Coursera (NYSE: COUR) has secured 54 new enterprise customers in EMEA, achieving a 44.3% year-over-year growth in enterprise enrollment. Over 130 companies have expanded their learning programs, reflecting a strong demand for skills development as highlighted in PwC's 2021 Global CEO Survey. New offerings like Academies and SkillSets are enhancing the learning experience, targeting critical skills in technology and data science. Partnerships with firms like Lycamobile and Checkatrade indicate a commitment to upskilling amid increasing digital demands.
Coursera (NYSE: COUR) has launched its new Leadership Academy as part of its Coursera for Business platform. This initiative aims to equip companies with essential leadership skills amid evolving workplace dynamics. The academy offers over 350 job-based content recommendations and features 42 SkillSets, covering areas like Emotional Intelligence and Change Management. The Leadership Academy is designed to help organizations foster a culture of leadership through scalable, personalized training.
Coursera (NYSE: COUR) introduces a new tiered fee structure for universities aiming to expand online degree offerings, reducing service fees from 40% to 25% as programs grow. This change is designed to support growing demand for affordable online education, with a reported 55% increase in degree offerings on Coursera. Notable partners like the University of Illinois at Urbana-Champaign and the University of Colorado Boulder endorse this initiative, highlighting benefits for students and program scalability. The structure will first launch in North America and Europe.
Coursera (NYSE: COUR) announces that CFO Ken Hahn will participate in a virtual fireside chat at the KeyBanc Technology Leadership Forum on August 11, 2021, at 12:20 p.m. PT / 3:20 p.m. ET. A live webcast and replay will be available on Coursera's Investor Relations website. Coursera, founded in 2012, has 87 million registered learners and partners with over 200 institutions to provide access to high-demand educational content.
Coursera (NYSE: COUR) reported Q2 2021 financial results, with revenue at $102.1 million, reflecting a 38% increase year-over-year. Gross profit reached $60.9 million, marking a 58% rise. However, the net loss deepened to $(46.4) million, compared to $(13.9) million a year prior.
Significant metrics include a 69% increase in Enterprise revenue, driven by strong customer renewals and growth, alongside the addition of 5 million registered learners, totaling 87 million learners.