IBL News | New York
Coursera.org (NYSE: COUR) reduced its annual losses and generated more revenue during the second quarter of 2022, as shown in the financial results for its second quarter ended June 30, 2022, disclosed yesterday.
Specifically, the net loss was $49.3 million or 39.5% of revenue, compared to $46.4 million or 45.4% of revenue a year ago.
The total revenue was $124.8 million, up 22% from $102.1 million a year ago. This increase of 22%, along with the overall improvement, was fueled by the strong demand for entry-level professional certificates and the enterprise offerings.
“We continue to see strong demand from businesses, governments, and academic institutions looking to deliver the in-demand skills and industry-recognized credentials required to enter digital jobs,” said Coursera CEO Jeff Maggioncalda.
“Our second-quarter results reflect strong demand for our entry-level Professional Certificates and sustained revenue growth across our Enterprise segment,” said Ken Hahn, Coursera’s CFO.
These are the operating highlights per segment offered by the Mountain View, California-based company:
Content, Customer, and Platform Highlights
Regarding the projections for the year, the company provides the following financial outlook:
