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MOUNTAIN VIEW, Calif. - Coursera , Inc. (NYSE:COUR) reported better-than-expected fourth quarter earnings and revenue on Thursday, but shares fell 2.5% in after-hours trading as the company’s first quarter guidance came in below analyst estimates.
The online education platform posted adjusted earnings per share of $0.08 for Q4, surpassing the analyst consensus of $0.04. Revenue rose 6% YoY to $179.2 million, topping expectations of $176.49 million.
However, Coursera’s outlook for the current quarter disappointed investors. The company forecast Q1 2025 revenue between $173-177 million, below the Wall Street consensus of $178.4 million.
"We made significant strides throughout 2024 in expanding our content catalog, launching new entry-level Professional Certificates, generative AI courses, and healthcare micro-credentials designed to meet the needs of learners and customers," said Coursera CEO Jeff Maggioncalda.
For the full year 2024, Coursera reported revenue of $694.7 million, up 9% from 2023. The company also achieved its first full year of positive adjusted EBITDA at $41.5 million.
Coursera added 6 million new registered learners in Q4, bringing its total to 168 million. Paid Enterprise Customers grew 18% YoY to 1,612, though the Net Retention Rate declined to 87%.
CFO Ken Hahn noted, "Over the course of 2024, we drove sustainable growth and continued to demonstrate the strong financial and operating leverage in our model."
The company also announced that Greg Hart will take over as President and CEO effective February 3, 2025, succeeding Maggioncalda.
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