The earnings call reflected a strong quarter for Coursera with robust revenue growth, increased free cash flow, and significant expansion in its learner base. The company also experienced strong demand for its generative AI courses and improved gross margins. However, challenges remain in the enterprise segment and with the Degrees product. Overall, the highlights significantly outweigh the lowlights.

Company Guidance -

Q3 2025

During Coursera's Q2 2025 earnings call, the company reported strong performance with a revenue of $187 million, marking a 10% year-over-year growth. They achieved a free cash flow of $29 million, up 68% from the previous year, and increased their full-year revenue guidance to a range of $738 million to $746 million. Coursera's adjusted EBITDA margin target was raised to 8%, showing a 200 basis point improvement year-over-year. The platform attracted 7.5 million new registered learners, growing its total base by 18% to 183 million. The number of paid enterprise customers rose by 12% to 1,686. Coursera's content catalog expanded by 36% to over 10,500 courses, with a significant focus on generative AI, which now includes over 925 courses. They have surpassed 10 million enrollments in AI courses, with 12 enrollments per minute so far in 2025. The company highlighted the progress of its AI-powered tutor, Coursera Coach, which has facilitated 36 million messages with learners, improving quiz pass rates by 10%. Additionally, AI translations and dubbing have increased engagement, with over 5,500 courses available in up to 26 languages and 350 courses dubbed into six languages. Coursera expects continued growth from its product-led initiatives and plans to invest further in content and product development.

Strong Revenue Growth

Coursera delivered revenue of $187 million for Q2 2025, marking a 10% year-over-year increase. The company also raised its full-year revenue guidance to between $738 million and $746 million.

Significant Increase in Free Cash Flow

The company generated $29 million of free cash flow, up 68% from the prior year, indicating strong bottom-line performance.

Expansion of Learner Base

Coursera attracted 7.5 million new registered learners in Q2, the largest quarterly addition since 2020, growing the total base by 18% year-over-year to 183 million.

Generative AI Course Demand

The generative AI catalog tripled over the past year, surpassing 10 million enrollments in these courses, with 12 enrollments per minute in 2025.

Recognition and New Partnerships

Coursera was named to the Time 100 Most Influential Companies list and announced new courses from AWS, DeepLearning.AI, Google Cloud, IBM, Microsoft, Snowflake, and other partners.

Improved Gross Margins

Gross margin improved to 56%, up 180 basis points from the prior year, driven by increased learner demand and more favorable production arrangements.

Coursera (COUR) Earnings, Revenues Date & History

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COUR Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 23, 2025	2025 (Q3)	0.08 / -	0.1	―	―	―
Jul 24, 2025	2025 (Q2)	0.09 / 0.12	0.09	33.33% (+0.03)	―
Apr 24, 2025	2025 (Q1)	0.08 / 0.12	0.07	71.43% (+0.05)	―
Jan 30, 2025	2024 (Q4)	0.04 / 0.08	0.06	33.33% (+0.02)
Oct 24, 2024	2024 (Q3)	0.02 / 0.10	-0.012	933.33% (+0.11)
Jul 25, 2024	2024 (Q2)	0.01 / 0.09	-0.001	9100.00% (+0.09)
Apr 29, 2024	2024 (Q1)	<0.01 / 0.07	-0.035	300.00% (+0.11)
Feb 01, 2024	2023 (Q4)	0.00 / 0.06	-0.043	239.53% (+0.10)
Oct 26, 2023	2023 (Q3)	-0.07 / -0.01	-0.068	82.35% (+0.06)
Jul 27, 2023	2023 (Q2)	-0.10 / >-0.01	-0.148	99.32% (+0.15)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

COUR Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 24, 2025	$9.08	$12.37	+36.23%
Apr 24, 2025	$7.70	$8.75	+13.64%
Jan 30, 2025	$9.58	$8.46	-11.69%
Oct 24, 2024	$7.62	$6.88	-9.71%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.