Coursera Stock Soars 46% After Earnings. AI Gives Revenue a Sharp Boost.

Coursera Stock Soars 46% After Earnings. AI Gives Revenue a Sharp Boost.·Barrons.com
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Coursera stock was surging Friday after the online learning platform posted a surprise earnings and revenue beat as millions enrolled for its generative artificial-intelligence courses. Coursera reported adjusted earnings of 9 cents a share, which beat analysts’s expectations of 1 cent. Revenue for the quarter of $170.3 million also came in above estimates of $164.7 million and increased 11% from the same period last year. “We are excited to surpass more than two million enrollments in our generative AI catalog of courses, credentials, and hands-on projects created by the world’s top technology companies and research universities,” Chief Executive Jeff Maggioncalda.

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