- Coursera reached 82 million registered users in Q1 2021, representing a 5% rise over the previous quarter.
- Coursera has over 3,000 courses available to its learners and more than 2,800 employees.
- Coursera provides its learning service to learners across more than 200 universities, non-profit organizations, and businesses.
- 40% of students study the courses they enroll in till completion.
- Coursera-gained skills are acknowledged by over 25% of the Fortune 500 companies.
- The online learning company also had 479 enterprise customers through that period.
- By the end of 2020, Coursera had awarded over 12,00o degrees to learners.
- The average cost incurred in acquiring the degrees was $2,000.
- In 2020, Coursera partnered with more than 150 universities to offer learning services.
Revenue and Financial Statistics
- By 2020, Coursera had raised a total of $464 million from a series of funding rounds.
- Coursera offered its IPO on March 31, 2021, with the shares selling at $33 per unit at the time.
- Coursera’s latest funding round – series F raised $130 million to reach a valuation of $2.5 billion.
- The Coursera Plus subscription service costs $59 a month and has over 3,000 courses. The plan comes with a 7-day free trial period.
- The subscription service also has the option of $399 a year.
- Coursera’s annual revenue was $95.6 million in 2017. The figure rose to $141.8 million in 2018 and $184.4 million in 2019.
- Overall, in 2020, Coursera netted $293.5 million, which represented a 59% year-over-year increase in revenue.
- This amount of revenue was obtained from 77 million registered users from more than 200 major universities.
- 51% of Coursera’s revenue was obtained from countries outside of the US.
- Coursera reported a loss of $66.8 million in 2020.
- The platform recorded $12 million in revenue in Q1 2021 from 13,493 enrolments into degree programs.
Coursera for Campus
- Coursera for Campus was introduced in October 2019 and now offers more than 4,000 courses to learners.
- As of March 2021, the Coursera offering had seen more than 10,000 institutional clients sign up.
- By the end of 2020, Coursera for Campus had served 2.4 million learners across 3,700 campuses.
- In 2020, Coursera for Campus saw 530,000 campus students grow their skills to an advanced or intermediary level.
Coursera for Government
- Coursera for Government partnered with 325 government agencies last year.
- The partnership led to 725,000 government learners receiving training.
- 78,000 government learners gained growth in skills to reach an intermediary of advanced level.
- 91% of the learners involved reported a positive impact in outcomes after the completion of their training.
Coursera for Business and Coursera for Enterprise
- Learners can access 4,000+ courses via Coursera for business. The Team Plan is offered at $400/user each year. Read our Coursera review.
- In 2020, Coursera worked with 2,300 enterprise institutions to serve 550,000 learners.
- Just over 90% of the enterprise learners reported positive outcomes in their careers.
- 110,000 enterprise learners raised their skill levels to either advanced or intermediate levels.
- Companies that collaborate with Coursera report saving $1.12 million in recruitment costs every year.
- 83% of all the learners who completed enterprise coursework described an improvement in their productivity at work.
- The companies also report that as a consequence, they use 40% fewer resources to train 94% more employees.
- The firms also save on time used in training by 46%.
- The companies training their employees via Coursera reported a 748% return on investment (ROI) within three years.
Coursera User Offerings
- Coursera offers over 1000 guided projects that last less than two hours at an average cost of $9.99.
- By the close of the year 2020, Coursera offered over 5,500 university courses.
- There are more than 4,600 Courses available where learners gain knowledge in 4 and 6 weeks at prices not exceeding $99.
- For $39 – $99 per month, learners can partake in over 500 specializations to gain job-relevant skills in 3 to 6 months.
- Coursera offers 25+ professional certificates that cost between $39 and $99 per month for a period lasting 3 to 6 months.
- Learners can gain 15 or more MasterTrack certificates at Coursera for a sum of $2,000 to $6,000. The certificate duration is between 3 months and 12 months.
- There are 25+ fully online bachelor’s or master’s degrees that can be obtained at the cost of $9,000 to $45,000.
Coursera Reputation and Quality Education
- 93% of Coursera learners say they would recommend the platform to their friends.
- The average rating of courses on Coursera is 4.7 out of 5.
- 99% of enrollments on Coursera rate the online course provider higher than 4.0 out of 5.
- 79% of Coursera learners have rated it 5-star.
- Three out of four learners who enroll on Coursera go on to sign up for another course.
- 87% of the learners on Coursera report benefits when they seek to pursue new career paths.
- 78% of learners become more confident after going through Coursera courses.
- 92% of learners intending to boost their education report benefits such as increased readiness for an exam.
Impact of the COVID-19 Pandemic
- Coursera’s partners recorded a 40 to 50 % rise in revenue over the first two financial quarters in 2020.
- Coursera saw a 450% increase in the number of enrollments in 2020.
- Coursera launched its campus response initiative in March 2020, impacting 10,000 departments, universities, and schools.
- 7 million learners benefitted from the program clocking up to 32 million learning hours.
- 80,000 Coursera employees received free training via the Employee Resilience Initiative throughout the pandemic in 2020.
- Over 2020, Coursera added 1,500 new courses and 900 new guided projects across several relevant skills.
- Coursera also launched a Covid-19 Contact Tracing training course in collaboration with Johns Hopkins Bloomberg School of Public Health and Bloomberg Philanthropies, with the course reaching 750,000 learners.
- The training course was available in three languages and was completed by 340,000 learners.
- The training course also logged 3 million learning hours.
- Coursera launched ‘Science Matters: Let’s Talk About COVID-19’ as a joint program with Imperial College London, reaching 260,000 learners.
- Coursera reached 109,000 learners on its ‘Mind Control: Managing Your Mental Health During COVID-19’ program in collaboration with the University of Toronto.
- 107,000 learners accessed the ‘Fighting COVID-19 with Epidemiology Teach-Out’ course.
An alternative to Coursera is Udemy.
- Coursera Raises $130 Million as Colleges Turn to Online Courses for the Fall
- Coursera Q1 Earnings Summary
- Leading Companies Partner with Coursera to Tackle Pandemic Disruption and Upskill for a New Economy
- Coursera SEC filing
- Coursera Impact Report 2020
- Coursera for Campus
- COVID-19 Contact Tracing Course
- Case Investigation and Contact Tracing: Part of a Multipronged Approach to Fight the COVID-19 Pandemic
- Coursera Plus
- Analyzing Coursera’s IPO Filing: $293.5M Revenue, $281M Paid to Partners, 12K Degree Students
- Most Popular Courses of 2020: A Year of Mental Health, Contract Tracing, and Job-Relevant Skills