NYSE$COUR

Coursera Inc. · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Coursera's Q4 2022 financial results were announced, demonstrating revenue growth and strategic initiatives for long-term platform growth.

Coursera reported a 24% year-over-year increase in fourth-quarter revenue, reaching $142.2 million. The company's focus on delivering in-demand skills and credentials drove growth across its consumer and enterprise segments. While net loss remained significant, non-GAAP net loss and adjusted EBITDA improved compared to the previous year.

  • Total revenue increased by 24% year-over-year, reaching $142.2 million.
  • Consumer revenue grew by 21% due to demand for industry microcredentials.
  • Enterprise revenue increased by 41% driven by growth across business, campus, and government customers.
  • The company added 5 million new registered learners during the quarter, bringing the total to 118 million.

Headline financials

Total Revenue

$142M

Previous: $115M+23.7%
EPS (adj)

-$0.04

Previous: -$0.17+76.5%
Net Retention Rate

108.0%

No prior period
Paid Enterprise Customers

1.1K

Previous: 803+43.1%
Net Income

-$51.7M

Previous: -$47.7M-8.3%
Operating Income

-$56M

Previous: -$47.5M-18.0%
Gross Profit

$87.9M

Previous: $71.3M+23.3%
Cash & Equivalents

$321M

Previous: $581M-44.7%
Total Assets

$948M

Previous: $959M-1.2%
Stock-Based Comp

$34.9M

Previous: $23.3M+49.8%

Revenue & EPS history

Coursera · Revenue · Quarterly

$142M

Q4 2022+23.7%vs Q4 2021
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Revenue by segment

Coursera · $130M total across 2 segments · Q4 2022

  • Consumer
    $79.8M+21.3%
  • Enterprise
    $50.5M+40.7%

Forward guidance

Coursera provided financial outlook for Q1 2023 and full year 2023.

Tailwinds

  • Revenue in the range of $136 to $140 million for Q1 2023
  • Adjusted EBITDA in the range of $(12.5) to $(15.5) million for Q1 2023
  • Revenue in the range of $595 to $605 million for full year 2023
  • Adjusted EBITDA in the range of $(26) to $(34) million for full year 2023
  • Free cash flow in the range of $(12) to $(18) million for full year 2023

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 Q4 2022

Historical avgQ4 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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