Mon, Feb 24, 9:12 PM (64 days ago)
**Coursera, Inc. (COUR) 2024 10-K Summary** **Financial Performance**: For the fiscal year ended December 31, 2024, Coursera reported total revenue of $694.7 million, a 9% increase from $635.8 million in 2023. The net loss narrowed to $79.5 million from $116.6 million, while operating expenses rose slightly to $484.6 million, primarily driven by research and development and sales and marketing costs. Gross profit improved to $371.4 million, reflecting a gross margin of 53%. **Revenue Breakdown**: Consumer revenue grew 9% to $398.1 million, Enterprise revenue also increased by 9% to $238.9 million, and Degrees revenue surged 13% to $57.7 million. **Strategic Overview**: Coursera aims to enhance its platform through AI innovations and expanding partnerships with educational institutions. The company is focusing on improving retention rates and learner engagement while being selective in pursuing degree partnerships. **Future Outlook**: The company anticipates a decline in Degrees revenue for 2025 due to strategic shifts. However, it expects to achieve at least $30 million in annualized cost savings from recent restructuring efforts. **Risk Factors**: Key risks include regulatory scrutiny, competition, the effectiveness of marketing strategies, and potential cybersecurity threats. Changes in laws affecting online education and significant fluctuations in foreign currency rates also pose risks to financial performance. **Market Position Changes**: Coursera's market presence remains strong, with approximately 168 million registered learners and a diverse catalog of offerings, positioning it well for future growth in the online education sector.