Coursera fell 25.5% after earnings as investors focused on management’s admission that top-line growth—particularly in consumer—remains below its ambition. Cost savings and margin expansion offer support, but the transcript also highlights the work still required to improve growth.
- Q3 revenue was $377 million, and adjusted EBITDA was nearly $62 million.
- Reported adjusted EBITDA margin roughly doubled to approximately 16%, expanding by more than 800 basis points year over year.
- Management expects more than $150 million of annualized gross cost savings in place by year-end and said it remains on track to deliver the $115 million annual run-rate net synergy target eight months after close, versus an original 24-month plan.
- The CEO said the top-line trajectory, particularly in consumer, remains below the company’s growth ambition; improving it will require disciplined execution and products that create more customer value.
- Across the combined platforms, GenAI enrollments increased from 25 per minute in 2025 to more than 40 per minute in 2026, while critical-thinking enrollments grew more than 100% year over year.
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