Coursera Q4 2021: $115M Revenue, $47.7M in Losses, 16k Degree Students
In 2021, Coursera’s revenue grew by 41%, with a 30% increase projected for 2022.
Last week, Coursera published their fourth quarterly report and annual report for 2021.
In Q4 2021, Coursera’s revenue grew to $115M, compared to $83.2M a year prior and $109.9M in Q3 2021. Compared to Q3, losses also jumped to $47.7M from $32.5M.
The company kept its pace, adding 5 million quarterly learners and reaching 97 million learners at the end of 2021.
The total number of degree learners stayed the same (around 16k) but degree revenue increased from $11.6 million to $13.3 million.
| Consumer | Enterprise | Degrees | Total | |
| 2021 Q1 | 51.9 | 24.5 | 12 | 88.4 |
| 2021 Q2 | 62 | 28.2 | 11.9 | 102.1 |
| 2021 Q3 | 66.5 | 31.8 | 11.6 | 109.9 |
| 2021 Q4 | 65.8 | 35.9 | 13.3 | 115 |
Coursera’s FY 2021 and 2022
In 2021, Coursera’s revenue grew by 41%, but to achieve that growth, its losses more than doubled.
In 2022, Coursera is projecting a revenue growth of 30%, with an expected revenue in the range of $536-544 million.
| 2019 | 2020 | 2021 | |
| Total | 184.4 | 293.5 | 415.3 |
| Consumer | 121 | 193 | 246.2 |
| Business | 48.2 | 70.8 | 120.4 |
| Degrees | 15.1 | 29.9 | 48.8 |
| Net Loss | 46.7 | 66.8 | 145.2 |
According to the investor presentation, Coursera is adding 5 million learners per quarter post-pandemic, compared to 2 million pre-pandemic.
In 2021, the Consumer segment accounted for 60% of the revenue, compared to 65% a year ago. We can already see some signs that Consumer revenue growth might have plateaued to a certain extent.
Udemy, another company that went public last year projected a 0% growth for its Consumer segment in FY 2022.
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