** charts before earnings **
** charts after earnings **
Coursera beats by $0.08, beats on revs; guides Q4 revs below consensus
- Reports Q3 (Sep) earnings of $0.10 per share, excluding non-recurring items, $0.08 better than the FactSet Consensus of $0.02; revenues rose 6.4% year/year to $176.1 mln vs the $173.98 mln FactSet Consensus.
- Co issues downside guidance for Q4, sees Q4 revs of $174-$178 mln vs. $186.57 mln FactSet Consensus. Adjusted EBITDA in the range of $4.5 to $6.5 million.
Coursera announced a commitment to reduce overall expenses; to reduce global workforce by approximately 10%
- On October 24, 2024, the Company announced a commitment to reduce overall expenses, focus efforts, and prioritize future investments in key initiatives that are expected to drive long-term, sustainable growth.
- "We expect this initiative to generate at least $30 million in annualized structural cost savings, creating capacity for targeted investments, as well as incremental profitability. In connection with this effort, we plan to reduce our global workforce by approximately 10% to better align our cost structure and personnel needs with our business objectives, growth opportunities, and operational priorities."
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