Coursera, Inc. (COUR) Earnings Call Transcripts
Coursera, Inc.'s Latest Earnings Call - June 23, 2026
In the Q2 2026 earnings call for Coursera, Inc. (COUR:US), management provided a comprehensive update following the merger with Udemy, emphasizing integration and synergy realization as key priorities. The company reported a revenue outlook of $1.21 billion to $1.24 billion, reflecting a year-over-year growth of 60% to 64%, but noted potential revenue dis-synergies due to integration challenges. Adjusted EBITDA margin is expected to reach 13% for the full year, with a target of achieving at least $80 million in net synergies by year-end 2026, signaling a robust path to profitability despite near-term pressures in the consumer segment.
Reported metrics
| Metric | Value |
|---|---|
| Revenue Guidance | $1.21B to $1.24B (inline) |
| Normalized Revenue | $1.49B to $1.52B (miss) |
| Adjusted EBITDA Margin | 13% (positive) |
| Q4 Adjusted EBITDA Margin | 16% (positive) |
| Net Synergies Target | $80M (positive) |
| Paid Subscribers | 1.5M (positive) |
Guidance from management
Management maintained a revenue guidance of $1.21 billion to $1.24 billion for 2026, while highlighting potential revenue dis-synergies due to integration challenges. They expect to achieve at least $80 million in net synergies by the end of 2026, indicating a faster realization than previously communicated.
What management said
Yes. We really haven't had any significant issue there right now. We haven't had any significant renewals so far. What you see here in the dis-synergy assumption remains really just a forecast and assumption. I do expect that any -- if there is any impact there, it's going to be into next year. We don't see any significant revenue impact on the enterprise side on a dyssynergy basis in 2026. So yes, we really had it b...
This is Cam. One additional point I'll for you, Slide 9 of today's presentation, it presents essentially both of the historical company segment margins. You'll note on there on the Udemy-disclosed part, the second margin is different from what was previously disclosed. They had incremental costs at the cost of revenue line relative to Coursera which was more like content margin, so just the reduction in the revenue s...
What analysts pressed on
Analysts expressed concerns regarding the ongoing pressures in the consumer segment, particularly with Udemy's transactional business, which has been underperforming. There were also questions about the timing and realization of synergies, as well as the potential impact of customer overlap in the enterprise segment on future revenue growth.
Main topics on the call
- Merger Integration and Synergies — Management highlighted the importance of executing the integration of Coursera and Udemy, stating, "Integration gives us the scale, data and investment capacity to build the next-generation platform for skills developmen...
- Revenue Guidance — The company provided a revenue outlook of $1.21 billion to $1.24 billion for 2026, which represents a growth of 60% to 64% year-over-year. However, they also noted a normalized revenue decline of 4% to 2% year-over-year ...
- Consumer Segment Challenges — Management acknowledged ongoing pressures in the consumer segment, particularly with Udemy's transactional business, stating, "we are seeing a lot of pressure on the transactional business." This reflects a broader trans...
- Enterprise Segment Performance — The enterprise segment now represents approximately half of combined revenue, benefiting from recurring customer relationships and multiyear contracts. Management expressed confidence in enterprise growth, stating, "Our ...
Read the full Coursera, Inc. transcript (June 23, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About Coursera, Inc.
Coursera, Inc. (COUR) is a publicly listed company in the Diversified Consumer Services industry, within the Consumer Discretionary sector. It trades on NYSE and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 36 calls on record spanning May 4, 2021 to July 29, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 36 Coursera, Inc. earnings call transcripts on record, spanning May 4, 2021 to July 29, 2026. Based on this history, Coursera, Inc. reports quarterly. The most recent call on file is dated July 29, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- COUR
- Exchange
- NYSE
- Country
- US
- Sector
- Consumer Discretionary
- Industry
- Diversified Consumer Services
- Calls on record
- 36
- First call
- May 4, 2021
- Most recent
- July 29, 2026
- Reporting cadence
- quarterly