NYSE$COUR
Coursera Inc. · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Coursera's Q3 2023 financial results were released, demonstrating revenue growth and improved full-year outlook.
Coursera reported a 21% increase in total revenue, reaching $165.5 million in Q3 2023. The company raised its 2023 revenue outlook midpoint by $10 million to $630 million and improved its Adjusted EBITDA margin outlook midpoint by 100 bps to (2.5)%.
- Total revenue increased by 21% year-over-year to $165.5 million.
- Consumer revenue grew by 27% year-over-year, driven by strong demand for Professional Certificates.
- Enterprise revenue increased by 14% year-over-year, with growth across business, government, and campus verticals.
- The company accelerated its AI-powered translation initiative, delivering over 4,000 courses in seven languages.
Headline financials
Revenue & EPS history
Coursera · Revenue · Quarterly
$166M
Revenue by segment
Coursera · $154M total across 2 segments · Q3 2023
- Consumer$99M+26.9%64.3%
- Enterprise$54.9M+14.4%35.7%
Forward guidance
For Q4 2023, Coursera projects revenue between $161 to $165 million and Adjusted EBITDA breakeven. For the full year 2023, the company anticipates revenue in the range of $628 to $632 million and Adjusted EBITDA of approximately $(15.7) million.
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 2023
+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
| Quarter | Report date | Reaction (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% |
Discussion
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