The online learning platform Coursera has seen a surge in interest in entry-level professional certificates and increased enrollment in degree programs, the company reported during an investor call last week.
The number of Coursera users pursuing degrees grew from 17,500 students in 2022 to more than 19,000 students in the second quarter of 2023. This increase in enrollment helped Coursera to generate $12.5 million in revenue from its degrees – up 10% from 2022, when the company reported revenue declines in its degree business, executives said.
Overall, Coursera’s revenue increased to $153.7 million in the second quarter of 2023, up 23% from the same time last year.
“We welcomed 5.7 million new learners to our platform, and today we’re raising our outlook on revenue and adjusted EBITDA for the year,” Coursera CEO Jeff Maggioncalda said during the investor call Thursday. “The macro environment remains dynamic, but one thing that has not changed is our ability to navigate given our diversified platform.”