Coursera Q4 revenue $168.9M (+19% YoY); first positive adjusted EBITDA quarter

Coursera, Inc.

2023-FY EPS reported -$0.77 revenue$635,764,000

Full year 2023 revenue $635.8M (+21% YoY); net loss improved to $(116.6)M from $(175.4)M.
Q4 non-GAAP net income $9.5M vs loss of $(5.5M) a year ago; GAAP net loss per share $(0.13).
Adjusted EBITDA in Q4 was $5.7M (3.4% of revenue), first positive quarter; FY 2024 outlook midpoint $735M.
Gross margin contracted to 53% (non-GAAP) due to cost shift from large industry partner contract.
Platform reached 142 million learners; CEO cites AI partnerships with Microsoft, Google Cloud, and others.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Coursera, Inc. reported the quarter and year ended December 31, 2023 results: revenue $168.9 million, net income $(20.4) million, EPS $(0.13).

Period: the quarter and year ended December 31, 2023
Revenue: $168.9 million
Net income: $(20.4) million
EPS: $(0.13)
Result: reported results

Exact text from the filing

DeepLearning.AI, Google Cloud, AWS, and more to serve our platform’s 142 million learners around the world.” Financial Highlights for Fourth Quarter 2023 • Total revenue was $168.9 million, up 19% from $142.2 million a year ago. • Gross profit was $89.3 million or 53% of revenue, compared to $87.9 million or 62% of revenue a year ago. Non-GAAP gross profit was

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Source: SEC EDGAR

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