NYSE$COUR

Coursera Inc. · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Coursera's Q2 2022 financial results were announced, with revenue increasing by 22% year-over-year and enterprise revenue growing by 55% year-over-year.

Coursera reported a 22% year-over-year increase in total revenue, reaching $124.8 million in Q2 2022. The company's Enterprise segment showed strong growth, with a 55% increase in revenue. However, the company's net loss was $(49.3) million, compared to $(46.4) million a year ago.

  • Total revenue was $124.8 million, up 22% year-over-year.
  • Enterprise revenue increased by 55% year-over-year.
  • The company added 5 million new registered learners during the quarter.
  • Free cash flow was $(3.2) million, compared to $(8.5) million a year ago.

Headline financials

Total Revenue

$125M

Previous: $102M+22.2%
EPS (adj)

-$0.15

Previous: -$0.05-200.0%
Net Retention Rate

111.0%

No prior period
Paid Enterprise Customers

958

Previous: 585+63.8%
Free Cash Flow

-$49.3M

Previous: -$46.4M-6.4%
Net Income

-$49.3M

Previous: -$46.4M-6.4%
Operating Income

-$47.8M

Previous: -$45.8M-4.5%
Gross Profit

$78.4M

Previous: $60.9M+28.7%
Cash & Equivalents

$380M

Previous: $750M-49.3%
Total Assets

$952M

Previous: $954M-0.1%
Stock-Based Comp

$27.5M

Previous: $39.2M-29.8%

Revenue & EPS history

Coursera · Revenue · Quarterly

$125M

Q2 2022+22.2%vs Q2 2021
Beat estimate in 11 of 13 quarters(85%)
ActualEstimate

Revenue by segment

Coursera · $113M total across 2 segments · Q2 2022

  • Consumer
    $69.7M+12.1%
  • Enterprise
    $43.7M+55.0%

Forward guidance

Coursera provided financial outlook for the third quarter and full year 2022.

Tailwinds

  • Revenue in the range of $126 to $130 million for Q3 2022
  • Adjusted EBITDA in the range of $(10.5) to $(13.5) million for Q3 2022
  • Revenue in the range of $509 to $515 million for full year 2022
  • Adjusted EBITDA in the range of $(42.5) to $(48.5) million for full year 2022
  • Launched Career Academy for institutions

Headwinds

  • Actual results may differ materially from Coursera’s Financial Outlook
  • Uncertainty regarding expenses that may be incurred in the future
  • Stock-based compensation expense-related charges are difficult to predict
  • Impacted by the timing of employee stock transactions
  • Impacted by the future fair market value of our common stock

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 Q2 2022

Historical avgQ2 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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