Last week, Coursera published its third quarterly report of 2021 (the Form 8-K). In its Q2 2021 report, it had predicted a revenue of $105 – $109 million and ended up reaching $109.9 million. Coursera is on track to exceed $400 million in revenue in 2021 (compared to $293.5 in 2020).
The company gained 5.5 million new registered learners during the quarter, for a total of 92 million learners.
Similarly to what we observed in Q2 2021, Coursera’s degree students are growing, but revenue is decreasing:
Degree students grew from 14,630 to 16,068
Degree revenue dropped from $11.9 million to $11.6 million
Perhaps it’s because the OPM market is more competitive, and Coursera has to charge smaller fees per student. The company also stated that they:
“Introduced a new tiered fee structure to support the growth of online degrees, with early adopters including the University of Illinois at Urbana-Champaign and the University of Colorado Boulder”
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.