Coursera Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 revenue grew 9% year-over-year to $196M, driven by strong consumer momentum and record new learners. Gross margin reached a three-year high, and full-year guidance was reaffirmed, with the Udemy merger expected to deliver significant synergies and accelerate innovation.
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Growth accelerated to 9% in 2025, driven by product innovation, AI integration, and consumer demand. The Udemy merger aims to balance revenue, deliver $115M in cost savings, and expand global reach. AI-driven features and a new platform fee support ongoing innovation.
Fiscal Year 2025
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Delivered strong Q4 and 2025 results with 9% revenue growth, record free cash flow, and margin expansion. Announced Udemy merger, introduced a Platform Fee to support AI investments, and guided for continued growth in 2026, with consumer segment leading.
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A major all-stock merger will unite two global learning platforms, combining strengths in consumer and enterprise segments to create a $1.5B+ revenue company. The deal targets $115M in cost synergies within 24 months, with integration under one brand and a focus on AI-driven innovation.
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Leadership changes and a renewed focus on growth have led to raised revenue and margin guidance for 2026. AI partnerships and innovations are accelerating product development, expanding content, and driving strong consumer growth, while enterprise efforts focus on upskilling and verified credentials.
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Q3 revenue grew 10% year-over-year to $194M, driven by strong consumer growth and Coursera Plus adoption. Full-year revenue guidance was raised to $750–$754M, with continued investment in AI-driven innovation and international expansion. Enterprise growth remains muted amid macro uncertainty.
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Leadership is accelerating growth through AI-driven product and content innovation, highlighted by the launch of SkillTrack and a major partnership with Anthropic. Strong business performance has led to raised revenue and margin guidance, with a focus on deeper personalization and global expansion.
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The conference highlighted the urgent need for scalable, AI-driven, skills-first learning to address rapid workforce changes. New product innovations, including Course Builder, AI dubbing, and SkillTracks, aim to personalize and verify learning at scale, supported by expanded partnerships and global reach.
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Operational improvements and AI integration have driven a return to double-digit growth, with strong demand for AI-related and professional certificate courses. Subscription adoption is rising, enterprise reskilling is a key focus, and financial guidance has been raised on accelerating performance.
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Q2 2025 saw 10% revenue growth to $187M, strong free cash flow, and raised full-year guidance. Consumer and enterprise segments both grew 10%, with improved margins and record new learners. Macro uncertainty remains a risk, but investments in AI and content are fueling growth.
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Q1 2025 saw 6% revenue growth to $179M, record learner additions, and strong free cash flow. Guidance for 2025 was raised, with single-digit growth expected in Consumer and Enterprise, and continued investment in innovation and content.
Fiscal Year 2024
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Leadership transition to Greg Hart as CEO marks a new phase focused on AI-driven innovation and growth. 2024 saw 9% revenue growth, strong margin expansion, and robust cash flow, with strategic emphasis shifting to consumer and enterprise segments for 2025, while degrees investment is moderated.
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Generative AI is rapidly transforming knowledge industries, especially education, by enabling scalable, cost-effective innovation and driving demand for upskilling. Coursera leverages its large user base, high-quality content, and strategic partnerships to stay ahead, while regulatory and workforce trends present both challenges and opportunities.
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Q3 2024 saw 6% revenue growth, margin expansion, and strong cash flow, but consumer retention softened and enterprise NRR remained pressured. Cost reductions and product innovation, especially in generative AI, are expected to support future growth and profitability.
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Q2 2024 saw 11% revenue growth, strong net income, and record new learner additions, driven by demand for generative AI credentials and robust content launches with major tech partners. Full-year guidance was reaffirmed, with continued investment in AI-powered innovation and a strong cash position supporting growth and strategic flexibility.
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Generative AI is reshaping education and workforce training, driving demand for upskilling and reskilling worldwide. New AI-powered tools and credentials are being rapidly deployed, with over 30 new certificates planned for 2024 and accelerating global adoption.