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Coursera Q1 2022: $120.4M Revenue, $38.3M in Losses, 16K Degree Students

Coursera has published its first quarterly report of 2022. Here are the essential numbers.

Last week, Coursera published their Q1 2022 report. Since then, the company’s stock price has dropped by ~10%, and its market cap is hovering around $2.7 billion.

In Q1 2022, Coursera’s revenue grew to $120.4M, compared to $88.4 million a year ago and $115 million in Q4 2021.

The company lost $38.3 million, down from $47.7 million in Q4 2021.

Regarding users, Coursera is maintaining its pace, adding 5 million learners per quarter. In April 2022, Coursera crossed 100 million registered learners.

Coursera Quarterly Revenue

Compared to Q4 2021, the total number of degree students stayed the same, around 16K. Degree revenue also remained unchanged at $13.3 million.

Coursera: Revenue Growth per Segment
Consumer Enterprise Degrees Total
2021 Q1 51.9M 24.5M 12.0M 88.4M
2021 Q2 62.0M 28.2M 11.9M 102.1M
2021 Q3 66.5M 31.8M 11.6M 109.9M
2021 Q4 65.8M 35.9M 13.3M 115.0M
2022 Q1 68.1M 39.0M 13.3M 120.4M

Below, you can appreciate the growth of Coursera’s different segments since Q1 2020. Note that the segments have been stacked.

The company’s revenue grew 36% year-over-year. In Q2 2022, Coursera projects a revenue in the $128–132 million range.

To learn more about Coursera’s 2021, read Class Central’s analysis of their annual report.

Dhawal Shah Profile Image

Dhawal Shah

Dhawal is the CEO of Class Central, the most popular search engine and review site for online courses and MOOCs. He has completed over a dozen MOOCs and has written over 200 articles about the MOOC space, including contributions to TechCrunch, EdSurge, Quartz, and VentureBeat.

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