Coursera jumps on upbeat Q1 results
28/04/2023 17:21
** Shares of online learning platform Coursera Inc COUR.N
rise 17.5% to $12.31 - set for its best day since August 2021
** Q1 revenue grows to $147.6 mln, up 23% y/y; analysts had
expects revenue of $138.5 mln - Refinitiv
** Net loss in Q1 narrows to $32.4 mln, from $38.3 mln a
year earlier; analysts had expected loss of $46.7 mln
** "We still view Coursera's three-sided platform as having
significant scale advantages and well-positioned to benefit from
the secular growth tailwinds of a broad digital transformation,
the rise of skills development" - Goldman Sachs
** COUR also announced plan to buy back up to $95 mln of the
company's shares
** Up to last close, stock had fallen ~11% YTD
(Reporting by Akash Sriram in Bengaluru)
((Akash.Sriram@thomsonreuters.com; https://twitter.com/hoodieonveshti;))