Coursera Q3 revenue $165.5M (+21% YoY); raises FY 2023 revenue outlook to $630M

Coursera, Inc.

2023-Q3 EPS reported -$0.64 revenue$466,884,000

Q3 revenue $165.5M (+21% YoY); net loss $(32.1M) vs $(36.0M) a year ago.
Non-GAAP net loss improved to $(2.1M) from $(8.6M); adjusted EBITDA loss $(5.3M) vs $(4.9M) a year ago.
FY 2023 revenue outlook raised to $630M midpoint; adjusted EBITDA margin outlook improved to (2.5)%.
Free cash flow $15.6M vs $1.3M a year ago; gross margin 50.3% impacted by contract extension with largest industry partner.
Launched AI-powered translation for 4,000+ courses in seven languages.

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 September 30, 2023 results: revenue $165.5 million, net income $(32.1) million. Guidance raised.

Period: the quarter ended September 30, 2023
Revenue: $165.5 million
Net income: $(32.1) million
Guidance: raised
Result: reported results

Exact text from the filing

access to the world's best educators and trusted brands for the millions of new learners coming to our platform." Financial Highlights for Third Quarter 2023 • Total revenue was $165.5 million, up 21% from $136.4 million a year ago. • Gross profit was $83.3 million or 50.3% of revenue, compared to $87.6 million or 64.2% of revenue a year ago. Non-GAAP gross profit was

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Source: SEC EDGAR

accession 0001651562-23-000023

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