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Coursera Q3 2021: $109.9M Revenue, $32.5M in Losses, 16K Degree Students

Coursera shared its third quarterly report since going public. Here are some of the key numbers.

Coursera Q3 2021: Earnings Summary

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.

Coursera Revenue Growth 2021 Q3
Coursera Quarterly Revenues: Q1 2019 – Q4 2021

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
Degree Students 2021 Q3
Coursera Degree Students: Q1 2019 – Q3 2021

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”

Coursera: Q3 2020 vs 2021 stats
Q3 2020 Q2 2021 Q3 2021
Revenues $82.7m $102.1m $109.9m
Consumer $57.3m $62.0m $66.5m
Enterprise $18.2m $28.2m $31.8m
Degrees $7.3m $11.9m $11.6m
Losses $(11.9)m $(46.4)m $(32.5)m
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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