Coursera, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024
April 29, 2024 at 04:10 pm EDT
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Coursera, Inc. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was USD 169.07 million compared to USD 147.64 million a year ago. Net loss was USD 21.26 million compared to USD 32.36 million a year ago.
Basic loss per share from continuing operations was USD 0.14 compared to USD 0.22 a year ago.
Coursera, Inc. provides an online learning platform that connects learners, educators, and institutions, providing educational content that is accessible and relevant. The Company's segments include Consumer, Enterprise, and Degrees. The Company provides a range of learning content and credentials, including Clips, Guided Projects, Specializations, courses, and certificates that can build towards a broader course of study such as a degree or postgraduate diploma. Its offerings include Coursera.org for Individuals, Coursera for Enterprise, Coursera for Business, Coursera for Campus and Coursera for Government. It offers a portfolio of entry-level Professional Certificates from Google, IBM, Intuit, Meta, Microsoft, and Salesforce that help develop the skills needed to land entry-level digital jobs in information technology, cybersecurity, data science, marketing, sales, design, and software engineering and development without requiring a college degree or any experience in the field.