Claire Gerdes

Claire Gerdes asked for a detailed breakdown of the factors contributing to the Q4 2025 revenue guide, which implies a sequential decline and further year-over-year deceleration, and sought insights into trends for fiscal year 2026.

Answer

CEO Greg Hart stated the formal 2026 guide would be provided on the Q4 call. He explained the Q4 guide reflects Q3's consumer (13% growth) and enterprise (6% growth) performance, with muted enterprise expectations remaining unchanged. He highlighted strong consumer visibility from Coursera Plus and continued efficient marketing investments as key drivers behind the raised full-year guidance of 8-9% growth.

Claire Gerdes asked for more details on the Q4 revenue guide, which implies a sequential decline and further year-over-year deceleration, and any trends to consider for fiscal 2026.

Answer

CEO Greg Hart stated that the formal 2026 guide would be provided on the Q4 call. He explained that the Q4 guide reflects Q3's consumer growth of 13% versus enterprise growth of 6%, with muted enterprise expectations remaining unchanged. Consumer visibility is strong due to Coursera Plus, which now accounts for over 50% of consumer segment revenue, and marketing investments continue. He reiterated the raised full-year 2025 revenue guidance to $750-$754 million, representing 8-9% year-over-year growth, up from 4% initially.