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) announced a leadership transition, with Greg Hart appointed as President, CEO, and Board Member, effective February 3, 2025, succeeding retiring CEO Jeff Maggioncalda. Hart brings over 25 years of technology leadership experience, notably leading Alexa's development and Prime Video's global scaling at Amazon.
Under Maggioncalda's seven-year tenure, Coursera achieved significant milestones: increasing registered learners by over 100 million, growing revenue tenfold, completing its IPO, and achieving profitability. The company successfully integrated Generative AI technologies and navigated through the pandemic period.
The succession follows an extensive planning process by the Board, led by Co-Founder and Chairman Andrew Ng, who expressed confidence in Hart's ability to drive Coursera's next growth phase and advance its mission of transforming lives through learning.
Coursera (NYSE: COUR) has announced it will release its fourth quarter and full year 2024 financial results after market close on Thursday, January 30, 2025. The announcement will be made via press release with consolidated financial information, followed by a conference call at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time).
A live audio-only webcast of the conference call and earnings materials will be available on investor.coursera.com. Participants can register in advance, and a replay will be accessible for one year. The company also disclosed that material information is communicated through various channels including SEC filings, press releases, blog posts, calls, webcasts, and their investor relations website.
Coursera (NYSE: COUR) announced it will host a virtual Q&A session on December 4, 2024, at 10:30 a.m. PT / 1:30 p.m. ET. The session will feature chairman and co-founder Andrew Ng in conversation with William Blair Equity Research Analyst Stephen Sheldon. The discussion will focus on generative AI and its impact on higher education, skills training, and Coursera's approach to content and product innovation. A live webcast and replay will be available on Coursera's investor relations website.
Coursera (COUR) reported Q3 2024 revenue of $176.1 million, up 6% year-over-year. The company achieved significant improvements in profitability with non-GAAP net income of $16.6 million compared to a loss last year. Consumer revenue grew 3% to $102.3 million, Enterprise revenue increased 10% to $60.4 million, and Degrees revenue rose 15% to $13.4 million. The company added over 7 million new registered learners, reaching 162 million total. Coursera announced a workforce reduction of approximately 10% to generate $30 million in annual cost savings. The company raised its full-year 2024 EBITDA margin outlook to 5.4%.
Coursera (NYSE: COUR) announces CEO Jeff Maggioncalda's live-streamed keynote at Coursera Connect 2024 on September 17, 2024. The presentation, titled 'The Future of Learning and Work: How GenAI is Creating More Equal Opportunity,' will be available on LinkedIn at 8:30 a.m. PT / 11:30 a.m. ET.
Prior to the keynote, Coursera revealed several platform enhancements:
- Nine new university and industry partners
- 20 new and upgraded GenAI certificates and Specializations
- Eight new Professional Certificates
- Expansion of AI-powered Coursera Coach for career guidance and interactive instruction
Moderna (NASDAQ:MRNA) and Coursera (NYSE:COUR) have partnered to launch a free online course called 'mRNAs as Medicines'. This three-module course, designed by Moderna experts, offers a comprehensive understanding of mRNA medicines, their functionality, and potential applications. The initiative aims to address the growing demand for STEM skills and close the workforce readiness gap.
The course covers topics such as protein and mRNA structure, their roles in the body, and how mRNA medicines can prevent and treat diseases. It's accessible to anyone registered as a Coursera learner, including students, scientists, and medical professionals. This collaboration aligns with both companies' commitments to advancing scientific education and fostering innovation, while addressing the projected need to fill 3.5 million STEM jobs in the U.S. by 2025.
Coursera (NYSE: COUR) reported its Q2 2024 financial results, highlighting significant achievements and financial performance.
Total revenue increased by 11% YoY to $170.3 million, and gross profit rose to $90.2 million. The company recorded a non-GAAP net income of $13.8 million, reversing a loss from the previous year. Notable milestones include over 2 million enrollments in generative AI courses and a record number of Professional Certificates launched.
Consumer revenue grew by 12% to $97.3 million, Enterprise revenue by 8% to $58.7 million, and Degrees revenue by 14% to $14.3 million. Operating cash flow improved to $23.9 million, with free cash flow at $17.0 million. The company completed a $95 million share repurchase program and updated its financial outlook for Q3 and full-year 2024.
Coursera (NYSE: COUR) will announce its financial results for the second quarter of 2024 on July 25, 2024, after the U.S. stock market closes. The results will be released via a press release with consolidated financial information. A live, audio-only conference call will be held at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day. The webcast and earnings release materials will be available on Coursera’s investor relations website. An archived replay will also be accessible for one year. Coursera adheres to Regulation FD by disclosing material information through various means, including SEC filings, press releases, blogs, conference calls, and webcasts.
Coursera (NYSE: COUR) has partnered with Microsoft (NASDAQ: MSFT) to launch four new entry-level Professional Certificates aimed at preparing learners for high-demand jobs. The new offerings include IT Support Specialist, Cloud Support Associate, Business Analyst, and Project Manager certificates. These programs do not require a college degree or prior work experience and feature generative AI-specific lessons within the Microsoft 365 product suite.
Microsoft will also award more than 5,000 scholarships by 2025 through a partnership with Women in Cloud, providing access to all Microsoft programs on Coursera. The scholarships, valued at $6,000 each, prioritize women and marginalized communities. Successful certificate holders will receive vouchers for Microsoft certification exams. Enrollment is currently open.
Coursera (NYSE: COUR) has announced participation in two upcoming investor conferences. On May 16, 2024, CFO Ken Hahn will speak at the Needham 19th Annual Technology, Media, & Consumer Conference at 8:45 a.m. PT / 11:45 a.m. ET. CEO Jeff Maggioncalda will present at the William Blair 44th Annual Growth Stock Conference on June 5, 2024, at 6:40 a.m. PT / 9:40 a.m. ET. These sessions will be available via webcast and archived on Coursera's Investor Relations website. The company complies with Regulation FD by disclosing material information through various public channels.