Shares of online learning platform Coursera, Inc. (COUR) fell sharply by 5.01% in the pre-market session on Thursday following the release of its fourth quarter 2024 financial results. The company reported a wider-than-expected net loss and provided a weak outlook due to expectations of negative profit growth over the next couple of years.
For the fourth quarter, Coursera posted a net loss of $21.6 million or 14 cents per share, missing analyst estimates of a profit of $7.15 million. While revenue came in at $179.2 million, beating expectations of $176.6 million, higher expenses weighed on profitability. Operating expenses for the quarter rose to $126 million.
Looking ahead, the company expects revenue in the range of $173-177 million for the first quarter of 2025. However, analysts expressed concerns over Coursera's outlook for an "extremely negative double-digit change in profit" expected over the next couple of years. The negative growth prospects raised uncertainty and likely contributed to the stock's pre-market selloff on Thursday.
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