Massive open online course provider Coursera has reported a net loss of $32.5 million for the third quarter of 2021, compared to a net loss of $11.9 million reported for Q3 2020.
Third-quarter revenue was $109.9 million, up from $82.7 million reported for the third quarter of last year.
The Mountain View California-based company also reported results for the first nine months of 2021. Its net loss for the period was $97.5 million, compared to a net loss of $40.1 million reported for the first nine months of 2020. Revenue for the period was $300.3 million, up from $210.2 million reported for the first nine months of last year.
Coursera’s chief executive Jeff Maggioncalda said: “Our third-quarter performance reflects the continued urgency with which companies, campuses, and governments around the world are investing in digital skills. Our recently launched SkillSets and Academies, together with our growing portfolio of Professional Certificates, are well-positioned to fulfil the rising demand for role-based learning among individuals and institutions.”
Date published: 3 November 2021