NYSE$COUR

Coursera Inc. · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Coursera's first quarter was marked by revenue growth, platform expansion, and strategic partnerships.

Coursera reported a 36% year-over-year increase in revenue, reaching $120.4 million, and surpassed 100 million registered learners. The company's growth was driven by strong performance across its consumer, enterprise, and degrees segments.

  • Total revenue increased by 36% year-over-year, reaching $120.4 million.
  • The platform exceeded 100 million total registered learners.
  • Consumer revenue grew by 31% year-over-year, driven by demand for professional certificates and Coursera Plus subscriptions.
  • Enterprise revenue increased by 59% year-over-year, with growth across business, government, and campus customers.

Headline financials

Total Revenue

$120M

Previous: $88.4M+36.3%
EPS (adj)

-$0.11

Previous: -$0.32+65.6%
Net Retention Rate

109.0%

Previous: 113.0%-3.5%
Paid Enterprise Customers

917

Previous: 479+91.4%
Free Cash Flow

-$38.3M

Previous: -$18.7M-105.0%
Net Income

-$38.3M

Previous: -$18.7M-105.0%
Operating Income

-$37.2M

Previous: -$18.4M-102.4%
Gross Profit

$77.6M

Previous: $49.5M+56.7%
Cash & Equivalents

$361M

Previous: $158M+128.6%
Total Assets

$947M

Previous: $415M+128.3%
Stock-Based Comp

$22M

No prior period

Revenue & EPS history

Coursera · Revenue · Quarterly

$120M

Q1 2022+36.3%vs Q1 2021
Beat estimate in 11 of 13 quarters(85%)
ActualEstimate

Revenue by segment

Coursera · $107M total across 2 segments · Q1 2022

  • Consumer
    $68.1M+31.2%
  • Enterprise
    $39M+59.2%

Forward guidance

Coursera provided revenue and Adjusted EBITDA guidance for the second quarter and full year 2022.

Tailwinds

  • Second quarter 2022 revenue is expected to be in the range of $128 to $132 million.
  • Second quarter 2022 Adjusted EBITDA is expected to be in the range of $(15.0) to $(18.0) million.
  • Full year 2022 revenue is expected to be in the range of $538 to $546 million.
  • Full year 2022 Adjusted EBITDA is expected to be in the range of $(45.5) to $(51.5) million.
  • Company is seeing durable demand for high-quality, online learning

Historical earnings impact

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

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+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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