Massive open online course provider Coursera has reported a net loss of $46.4 million for the second quarter of 2021, compared to a net loss of $13.9 million reported for Q2 2020.
Second-quarter revenue was $102.1 million, up from $73.7 million reported for the second quarter of last year.
The Mountain View California-based company also reported results for the first six months of 2021. Its net loss for the period was $65 million, compared to a net loss of $28.2 million reported for the first six months of 2020. Revenue for the period was $190.5 million, up from $127.6 million reported for the first half of last year.
Coursera’s chief executive Jeff Maggioncalda said: “Our second-quarter result reflects the growing adoption and impact of our platform around the world. Institutions are using Coursera to launch large-scale reskilling efforts, and learners are coming to the platform to upskill for high-demand digital roles. Working with global brands like Google, IBM and Facebook, we have assembled a broad catalogue of job-relevant content and credentials that are helping learners with no college degree or industry experience learn the skills needed to start new digital careers.”
Date published: 4 August 2021