Coursera Q1 revenue $147.6M (+23% YoY); announces $95M share repurchase

Coursera, Inc.

2023-Q1 EPS reported -$0.22 revenue$147,642,000

Revenue $147.6M (+23% YoY); net loss $(32.4)M improved from $(38.3)M; Adj. EBITDA $(7.5)M.
Free cash flow turned positive at $1.5M vs negative $(42.2)M a year ago.
Board authorized $95M share repurchase to reduce dilution from 2022 employee stock issuances.
Gross margin fell to 52.5% from 64.5% due to cost shift from largest industry partner contract.
Launched ten new degree programs during the quarter.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Coursera, Inc. reported first quarter ended March 31, 2023 results: revenue $147.6 million, net income $(32.4) million.

Period: first quarter ended March 31, 2023
Revenue: $147.6 million
Net income: $(32.4) million
Result: reported results

Exact text from the filing

job-relevant credentials that learners and institutions will require to keep pace with our accelerating world.” Financial Highlights for First Quarter 2023 • Total revenue was $147.6 million, up 23% from $120.4 million a year ago. • Gross profit was $77.5 million or 52.5% of revenue, compared to $77.6 million or 64.5% of revenue a year ago. Non-GAAP gross profit was

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Source: SEC EDGAR

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