NYSE$COUR

Coursera Inc. · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Coursera's first quarter performance reflected the continued trend of individuals and institutions embracing online learning.

Coursera's total revenue was $88.4 million, up 64% from $53.8 million a year ago. The company added 5 million new registered learners during the quarter for a total of 82 million.

  • Total revenue was $88.4 million, up 64% year over year.
  • Consumer revenue was $51.9 million, up 61% year over year.
  • Enterprise revenue was $24.5 million, up 63% year over year.
  • Degrees revenue was $12.0 million, up 81% year over year.

Headline financials

Total Revenue

$88.4M

No prior period
EPS (adj)

-$0.32

No prior period
Net Retention Rate

113.0%

No prior period
Paid Enterprise Customers

479

No prior period
Free Cash Flow

-$18.7M

No prior period
Net Income

-$18.7M

No prior period
Operating Income

-$18.4M

No prior period
Gross Profit

$49.5M

No prior period
Cash & Equivalents

$158M

No prior period
Total Assets

$415M

No prior period

Revenue & EPS history

Coursera · Revenue · Quarterly

$88.4M

Q1 2021
Beat estimate in 11 of 13 quarters(85%)
ActualEstimate

Revenue by segment

Coursera · $76.4M total across 2 segments · Q1 2021

  • Consumer
    $51.9M
  • Enterprise
    $24.5M

Forward guidance

Coursera provided revenue and adjusted EBITDA guidance for the second quarter and full year of fiscal year 2021.

Tailwinds

  • Second quarter revenue is expected to be in the range of $89 to $93 million.
  • Full-year revenue is expected to be in the range of $369 to $381 million.
  • New features include real-time, personalized content recommendations.
  • Welcomed 10 new university partners, spanning the globe from the U.S. and Latin America to the Middle East and Asia.
  • Launched 3 additional entry-level Professional Certificates from leading technology companies, including IBM and Salesforce.

Headwinds

  • Second quarter adjusted EBITDA is expected to be in the range of $(9.5) to $(12.5) million.
  • Full-year adjusted EBITDA is expected to be in the range of $(45.5) to $(52.5) million.
  • Actual results may differ materially from Coursera’s Financial Outlook
  • Our ability to manage our growth
  • the COVID-19 pandemic’s impact on our business and our industry

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports

Historical avg

+0.9%

Avg return

Earnings day

-0.7%

Avg return

5 days after

-3.6%

Avg return

30 days after

39%

9 / 23 earnings

Positive

+48.5%

Q2 2024

Best reaction

-14.7%

Q4 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-11.6%+2.3%-10.9%
Q4 2025-1.2%-4.0%+3.0%
Q3 2025-12.6%-20.0%-23.2%
Q2 2025+0.2%-4.5%-7.7%
Q1 2025+13.6%+9.4%+10.0%
Q4 2024-8.9%-9.2%-6.4%
Q3 2024-8.1%-5.2%-5.1%
Q2 2024+48.5%+32.1%+15.8%
Q1 2024-14.6%-19.7%-35.8%
Q4 2023-4.9%-7.3%-16.8%
Q3 2023-0.6%+0.2%+13.4%
Q2 2023+15.0%+18.4%+26.9%
Q1 2023+21.8%+10.6%+21.8%
Q4 2022-14.7%-4.8%-28.0%
Q3 2022+4.5%+4.4%+11.4%
Q2 2022-12.2%-8.8%-23.1%
Q1 2022-2.5%-5.0%-16.3%
Q4 2021-11.3%-6.1%-20.8%
Q3 2021-13.0%-9.7%-22.4%
Q2 2021+19.9%+10.9%+8.8%
Q2 2020+19.9%+10.9%+8.8%
Q4 2020+1.2%+9.5%+26.9%
Q1 2021-8.9%-21.6%-14.1%

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