Earnings summaries and quarterly performance for Coursera.
Executive leadership at Coursera.
Board of directors at Coursera.
Research analysts who have asked questions during Coursera earnings calls.
JB
Josh Baer
Morgan Stanley
6 questions for COUR
Also covers: ASAN, BIGC, BOX +16 more
Ryan MacDonald
Needham & Company
6 questions for COUR
Also covers: ACCD, AMWL, BNED +17 more
Rishi Jaluria
RBC Capital Markets
5 questions for COUR
Also covers: AKAM, BOX, CWAN +19 more
BS
Bryan Smilek
JPMorgan Chase & Co.
4 questions for COUR
Also covers: CHGG, CRTO, DUOL +4 more
Jeffrey Silber
BMO Capital Markets
3 questions for COUR
Also covers: AMN, ASGN, ATGE +18 more
Stephen Sheldon
William Blair & Company
3 questions for COUR
Also covers: AGYS, ALRM, APEI +11 more
CG
Claire Gerdes
UBS
2 questions for COUR
NG
Nafeesa Gupta
Bank of America
2 questions for COUR
Also covers: TRIP, UDMY
RG
Ryan Griffin
BMO Capital Markets
2 questions for COUR
Also covers: AMN, ASGN, EFX +5 more
Stephen Sheldon
William Blair
2 questions for COUR
Also covers: AGYS, ALRM, CIGI +6 more
Taylor McGinnis
UBS
2 questions for COUR
Also covers: ADSK, AMPL, ASAN +15 more
BP
Brian Peterson
Raymond James Financial
1 question for COUR
Also covers: BIGC, BLKB, BOX +18 more
Sarang Vora
Telsey Advisory Group
1 question for COUR
Also covers: BRCC, VITL, WEST +2 more
Yi Fu Lee
Cantor Fitzgerald
1 question for COUR
Also covers: CSGS, DCBO, DOMO +4 more
Recent press releases and 8-K filings for COUR.
Coursera Enters Merger Agreement with Udemy
COUR
M&A
Board Change
- Coursera, Inc. entered into a Merger Agreement with Udemy, Inc. on December 17, 2025, under which Chess Merger Sub, Inc., a wholly owned subsidiary of Coursera, will merge with and into Udemy, with Udemy surviving as a wholly owned subsidiary of Coursera.
- Each share of Udemy Common Stock will be converted into the right to receive 0.800 shares of Coursera Common Stock.
- Coursera's Board of Directors unanimously approved the merger, the issuance of Coursera Common Stock, and an amendment to increase authorized shares, recommending stockholder approval.
- Following the merger, the combined company's Board will comprise nine directors, with six from Coursera and three from Udemy. Coursera's Chairman and Chief Executive Officer will maintain their roles.
- The merger is subject to customary closing conditions, including stockholder and regulatory approvals, and has a termination date of December 17, 2026, with potential extensions for regulatory approvals until March 17, 2027, or June 17, 2027.
Dec 17, 2025, 10:17 PM
Coursera to Combine with Udemy in All-Stock Transaction
COUR
M&A
Share Buyback
New Projects/Investments
- Coursera has entered into a definitive agreement to combine with Udemy in an all-stock transaction. Upon closing, existing Coursera shareholders are expected to own approximately 59% and Udemy shareholders approximately 41% of the combined company on a fully diluted basis. The transaction is expected to close by the second half of 2026.
- The combined company is projected to have a pro forma annual revenue exceeding $1.5 billion over the last 12 months, with a gross margin of just over 60% and Adjusted EBITDA of more than $150 million, representing a 10% Adjusted EBITDA margin.
- $115 million of annualized run rate cost synergies have been identified, expected to be fully realized within 24 months of closing. The combined entity will hold nearly $1.2 billion in cash as of the third quarter 2025, and Coursera anticipates executing a sizable share repurchase program following the close.
- Strategically, the combination aims to create a leading technology platform for skills, accelerating AI-native innovation, enhancing global reach, and leveraging complementary strengths in consumer (Coursera's 191 million learners) and enterprise (Udemy's 17,000+ enterprise customers and $525 million of annual recurring revenue) segments.
Dec 17, 2025, 1:00 PM
Coursera Announces Combination with Udemy
COUR
M&A
New Projects/Investments
Revenue Acceleration/Inflection
- Coursera has entered into a definitive agreement to combine with Udemy in an all-stock transaction.
- Upon closing, existing Coursera shareholders are expected to own approximately 59% of the combined company, and Udemy shareholders approximately 41% on a fully diluted basis.
- The combined pro forma annual revenue exceeds $1.5 billion over the last 12 months, with a trailing 12-month gross margin of just over 60% and more than $150 million of adjusted EBITDA, representing a 10% adjusted EBITDA margin.
- The companies expect to realize $115 million of annualized run rate cost synergies within 24 months of closing.
- The transaction is expected to close by the second half of 2026, subject to shareholder and regulatory approvals.
Dec 17, 2025, 1:00 PM
Coursera Announces Combination with Udemy
COUR
M&A
New Projects/Investments
- Coursera has entered into a definitive agreement to combine with Udemy, aiming to create a leading technology platform for skills discovery, development, and mastery.
- The combined pro forma annual revenue exceeds $1.5 billion over the last 12 months, with a gross margin of just over 60% and more than $150 million of Adjusted EBITDA.
- The all-stock transaction will result in existing Coursera shareholders owning approximately 59% and Udemy shareholders approximately 41% of the combined company on a fully diluted basis.
- The companies have identified $115 million of annualized run rate cost synergies, expected to be fully realized within 24 months of closing.
- The transaction is expected to close by the second half of 2026, and the combined entity will eventually operate under the Coursera brand.
Dec 17, 2025, 1:00 PM
Coursera and Udemy Announce Business Combination
COUR
M&A
Share Buyback
- Coursera and Udemy announced a proposed tax-free, stock-for-stock business combination where each Udemy share will be exchanged for 0.800 Coursera shares.
- The transaction is anticipated to close by the second half of 2026 and will result in pro-forma ownership of approximately 59% for Coursera shareholders and 41% for Udemy shareholders.
- The combined company, which will retain the name Coursera, Inc. (NYSE: COUR), expects to generate anticipated annual run-rate cost synergies of $115 million within 24 months of closing.
- Based on reported financial results for October 1, 2024, through September 30, 2025, the combined entity would have had $1,536 million in total revenue and a combined cash balance of $1.2 billion as of Q3 2025.
Dec 17, 2025, 1:00 PM
Coursera Announces Combination with Udemy
COUR
M&A
Share Buyback
New Projects/Investments
- Coursera, Inc. (COUR) and Udemy, Inc. (UDMY) have entered into a definitive all-stock merger agreement, with the combined company having an implied equity value of approximately $2.5 billion based on closing prices on December 16, 2025.
- Udemy stockholders will receive 0.800 shares of Coursera common stock for each Udemy share, resulting in existing Coursera stockholders owning approximately 59% and Udemy stockholders approximately 41% of the combined company on a fully diluted basis.
- The combined entity is projected to achieve pro forma annual revenue of more than $1.5 billion and anticipates annual run-rate cost synergies of $115 million within 24 months of closing.
- The transaction is expected to close by the second half of 2026, subject to regulatory and shareholder approvals, and Coursera anticipates executing a sizable share repurchase program following the close.
Dec 17, 2025, 12:57 PM
Coursera and Udemy Announce Merger
COUR
M&A
New Projects/Investments
Share Buyback
- Coursera and Udemy have entered into a definitive merger agreement to combine in an all-stock transaction.
- The implied equity value of the combined company is approximately $2.5 billion, based on closing prices on December 16, 2025.
- The merger is expected to generate anticipated annual run-rate cost synergies of $115 million within 24 months of closing.
- Upon the closing of the transaction, existing Coursera stockholders are expected to own approximately 59% and existing Udemy stockholders approximately 41% of the combined company.
- The transaction is expected to close by the second half of 2026, subject to required regulatory and shareholder approvals.
Dec 17, 2025, 12:30 PM
Coursera's European MOOC Market Positioned for Substantial Growth
COUR
Revenue Acceleration/Inflection
New Projects/Investments
- The European Massive Open Online Courses (MOOC) market is projected to grow significantly, from an estimated USD 5.22 billion in 2025 to USD 25.46 billion by 2030, at a CAGR of 37.3%.
- Coursera is identified as a key player in the moderately consolidated European MOOC market.
- IE University has surpassed one million enrollments on Coursera, highlighting growing engagement with MOOCs in Europe.
- This market expansion is driven by factors such as the increasing adoption of AI and machine learning technologies, and accelerated MOOC adoption post-COVID-19, despite challenges like high course creation costs.
Dec 10, 2025, 9:07 AM
Coursera Updates Financial Guidance and Details Strategic AI and Enterprise Initiatives
COUR
CFO Change
Guidance Update
New Projects/Investments
- Coursera is managing a CFO transition, with Mike Foley serving as interim CFO after Ken's departure in late October, while the search for a permanent, experienced public company CFO is ongoing.
- The company has raised its full-year 2026 revenue guidance to $750 million-$754 million (8%-9% year-over-year growth) and its annual EBITDA margin guidance to 8%, driven by 10% year-over-year revenue growth in both Q2 and Q3.
- The consumer segment demonstrated strong growth, with 10% year-over-year growth in Q2 and 13% in Q3, and recorded 7.7 million new registered learners in Q3.
- Coursera is actively pursuing an AI strategy, evidenced by 14 enrollments per minute in GenAI-related content and new partnerships with OpenAI for content integration and Anthropic for AI learning content.
- In the enterprise segment, Net Revenue Retention (NRR) was 89% in Q3. The company appointed Anthony Salcedo as Enterprise GM and is investing in Skills Tracks with verified assessments to address workforce upskilling needs.
Nov 25, 2025, 6:00 PM
Coursera Updates Financial Guidance and Strategic Initiatives
COUR
Guidance Update
Revenue Acceleration/Inflection
New Projects/Investments
- Coursera's CEO, Greg Hart, highlighted renewed focus and faster execution, leading to an increased full-year 2026 revenue guidance of $750-$754 million (8%-9% year-over-year growth) and an 8% EBITDA margin, up from initial guidance of $720-$730 million (4% growth) and 7% EBITDA margin.
- The company reported revenue growth of 10% year-over-year in both Q2 and Q3, with consumer revenue growing 10% in Q2 and 13% in Q3. Q3 also saw 7.7 million new registered learners, the highest since Q2/Q3 2020.
- Strategic initiatives include accelerating product innovation and content expansion, now offering over 12,000 courses (a 44% year-over-year increase). Coursera is leveraging AI through partnerships with OpenAI and Anthropic, and expects to have over 1,000 AI-dubbed courses in five languages by year-end, which have shown to contribute to 22% faster course completions.
- While consumer growth is strong, the enterprise Net Retention Rate (NRR) declined to 89% in Q3 from 93% in Q2, with Coursera for Government being particularly challenged. The company is addressing this with new leadership and the introduction of "Skills Tracks" for workforce upskilling.
Nov 25, 2025, 6:00 PM
Quarterly earnings call transcripts for Coursera.
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