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Investing.com -- Coursera , Inc. (NYSE:COUR) reported second-quarter earnings that exceeded analyst expectations, sending shares surging 22.8% as the online education platform raised its full-year outlook amid growing demand for skills development.
The company posted adjusted earnings of $0.12 per share for the quarter ended June 30, beating the analyst estimate of $0.09. Revenue climbed 10% YoY to $187.1 million, surpassing the consensus estimate of $180.56 million. The strong performance was driven by growth across both consumer and enterprise segments.
Coursera’s stock jumped 21% following the announcement, as investors responded positively to the earnings beat and raised guidance. The company now expects third-quarter revenue between $188 million and $192 million, above analyst expectations of $182.4 million.
"Coursera’s market opportunity continues to expand with the global demand to embrace new technology and skills," said CEO Greg Hart. "This quarter, we attracted more than seven million new learners looking to master emerging skills that can advance their careers."
The company reported significant improvements in profitability metrics, with adjusted EBITDA increasing 73% YoY to $18 million, representing a margin of 9.6% compared to 6.1% in the same period last year. Free cash flow grew 68% to $28.6 million.
Both key business segments performed well, with Consumer revenue rising 10% to $122.8 million and Enterprise revenue also growing 10% to $64.3 million. The platform added 7.5 million new registered learners during the quarter, bringing its total registered learner base to 183 million, up 18% from the previous year.
"We delivered double-digit revenue growth, demonstrated strong operating leverage, and generated $29 million in Free Cash Flow," noted CFO Ken Hahn. "We are raising our outlook for the full year as we begin to implement new operational capabilities and invest in a focused set of initiatives to reignite durable, long-term growth."
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