Coursera Q2 revenue up 23% to $153.7M; raises FY 2023 revenue outlook to $620M

Coursera, Inc.

2023-Q2 EPS reported -$0.43 revenue$301,344,000

Revenue $153.7M (+23% YoY); net loss narrowed to $(31.7)M from $(49.3)M YoY.
Adjusted EBITDA $(2.9)M (1.9% of revenue) vs $(15.6)M YoY; cash used ops $(6.4)M.
FY 2023 revenue guidance midpoint raised to $620M (from $605M); adjusted EBITDA margin improves 150 bps to (3.5)%.
Gross margin fell to 51.9% (62.8% YoY) due to contract extension with largest industry partner.
Highlights 40+ entry-level Professional Certificates from Google, Microsoft, CVS Health.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Coursera, Inc. reported the quarter ended June 30, 2023 results: revenue $153.7 million, net income $(31.7) million. Guidance raised.

Period: the quarter ended June 30, 2023
Revenue: $153.7 million
Net income: $(31.7) million
Guidance: raised
Result: reported results

Exact text from the filing

Financial Highlights for Second Quarter 2023 • Total revenue was $153.7 million, up 23% from $124.8 million a year ago.

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Source: SEC EDGAR

accession 0001651562-23-000010

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