NYSE$COUR

Coursera Inc. · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Coursera's Q3 2022 financial results were announced, demonstrating revenue growth and strategic advancements.

Coursera reported a 24% year-over-year increase in revenue, driven by growth in both consumer and enterprise segments. The company added 6 million new registered learners, bringing the total to 113 million. While the company experienced a net loss, it continues to invest in expanding its content offerings and platform capabilities.

  • Total revenue increased by 24% year-over-year, reaching $136.4 million.
  • Enterprise revenue saw substantial growth, increasing by 51% year-over-year.
  • The company added 6 million new registered learners, bringing the total to 113 million.
  • Coursera expanded its content and credentials, including new Professional Certificates and degree programs.

Headline financials

Total Revenue

$136M

Previous: $110M+24.1%
EPS (adj)

-$0.07

Previous: -$0.06-16.7%
Net Retention Rate

111.0%

Previous: 113.0%-1.8%
Paid Enterprise Customers

1.1K

Previous: 711+52.7%
Free Cash Flow

-$36M

Previous: -$32.5M-11.1%
Net Income

-$36M

Previous: -$32.5M-11.1%
Operating Income

-$36.3M

Previous: -$31.4M-15.7%
Gross Profit

$87.6M

Previous: $67.7M+29.3%
Cash & Equivalents

$425M

Previous: $801M-47.0%
Total Assets

$956M

Previous: $955M+0.1%
Stock-Based Comp

$26.4M

Previous: $23.4M+12.7%

Revenue & EPS history

Coursera · Revenue · Quarterly

$136M

Q3 2022+24.1%vs Q3 2021
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Revenue by segment

Coursera · $126M total across 2 segments · Q3 2022

  • Consumer
    $78M+17.3%
  • Enterprise
    $48M+50.9%

Forward guidance

Coursera anticipates revenue between $135.5 to $139.5 million and Adjusted EBITDA in the range of $(16.5) to $(13.5) million for the fourth quarter of 2022. For the full year 2022, Coursera projects revenue between $517 to $521 million and Adjusted EBITDA in the range of $(47.5) to $(44.5) million.

Tailwinds

  • Revenue in the range of $135.5 to $139.5 million for Q4 2022
  • Adjusted EBITDA in the range of $(16.5) to $(13.5) million for Q4 2022
  • Revenue in the range of $517 to $521 million for full year 2022
  • Adjusted EBITDA in the range of $(47.5) to $(44.5) million for full year 2022

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 Q3 2022

Historical avgQ3 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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