Coursera Inc COUR shares are trading higher in Thursday's after-hours session on the heels of the company's third-quarter financial results.
- Q3 Revenue: $165.54 million, beat estimates of $158.35 million
- Q3 EPS: 1 cent loss beat estimates for 7 cent loss
Total revenues were up 21% year-over-year. Consumer revenue was up 27%, enterprise revenue was up 14%, and degrees revenue was up 13%. Net cash from operating activities came in at $19.8 million. Free cash flow totaled $15.6 million.
"Our differentiated catalog of high-quality, branded industry micro-credentials is producing durable demand for our Consumer segment, leading to our strong third quarter performance and raised full year outlook," said Ken Hahn, CFO of Coursera.
"We are pleased with our ability to invest in our platform's multiple growth opportunities while demonstrating leverage and scale in our operating model."
Outlook: Coursera now expects fourth-quarter revenue to be in the range of $161 million to $165 million, versus the estimate of $161.20 million. Fourth-quarter adjusted EBITDA is expected to be breakeven.
Coursera sees full-year revenue in the range of $628 million to $632 million, much higher than the estimate of $621.11 million. The company anticipates a full-year adjusted EBITDA loss of approximately $15.7 million.
See Also: Amazon's Q3 Earnings: EPS Surges, Revenue Up 13%, AI 'Driving Momentum With Customers' And More
COUR Price Action: Coursera shares were up 16.30% at $19.99 at the time of publication, according to Benzinga Pro.
Photo: Oberholster Venita from Pixabay.
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