By Adriano Marchese
Coursera revenue growth topped expectations in the fourth quarter thanks to its premium offerings and increased enterprise subscriptions.
The online learning platform on Thursday posted total revenue that rose 6% to $179.2 million. Expectations from analysts was for a more modest rise to $176.5 million, according to FactSet.
Net loss widened slightly to $21.6 million, or 14 cents a share, compared with a loss of $20.4 million, or 13 cents a share a year earlier.
On an adjusted basis, earnings were 8 cents a share. According to FactSet, analysts were expecting 6 cents a share.
Coursera said that consumer revenue rose 5% from a year earlier to $101 million thanks to demand for its Coursera Plus subscription offering. Meanwhile, enterprise revenue rose 7% to $62.3 million as the company onboarded about 18% more paid enterprise customers to its service.
On the executive side, Coursera said that it has appointed Greg Hart to the role of chief executive officer to take over Jeff Maggioncalda who is set to retire. The appointment will be effective of Feb. 3.
With executive change, the company laid out expectations for the first quarter.
Revenue for the first quarter is expected to come in between $173 million and $177 million. Adjusted earnings before interest, taxes, depreciation and amortization are forecast to be in the range of $8 million to $12 million.
Revenue expectations are slightly lower than forecasted by analysts, which pegged the growth to $178.2 million. Meanwhile, adjusted Ebitda forecasts by analyst pegged the growth to $10 million.
Looking ahead to the full year, the company said it expects positive overall top-line revenue growth as well as adjusted Ebitda margin improvement.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
January 30, 2025 08:59 ET (13:59 GMT)
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