Coursera Posts 9% Q1 Revenue Growth to $195.7M, Advances Udemy Merger
Coursera’s Q1 revenue rose 9% to $195.7 million, with consumer revenue up 10% at $129.5 million and 7.6 million new registered learners boosting total learners to 205 million. Coursera and Udemy agreed to merge 2025, with shareholder approval April 2026, and await regulatory clearances to unite platforms for AI-era skills.
1. Q1 Financial Performance
Coursera reported first quarter revenue of $195.7 million, a 9% increase year-over-year, and non-GAAP adjusted EBITDA of $13.5 million. Consumer revenue climbed 10% to $129.5 million, gross profit improved 11% to $108.6 million, and 7.6 million new learners raised the total to 205 million registered learners.
2. Merger Agreement and Shareholder Approval
On December 17, 2025, Coursera and Udemy entered a definitive all-stock merger agreement. Both companies’ boards unanimously approved the deal, and stockholders granted approval on April 9, 2026.
3. Regulatory Review and Closing Conditions
The combined entity is advancing through customary regulatory approval processes and closing conditions. Completion of the merger hinges on obtaining required antitrust and other clearances.
4. Integration Planning and Strategic Outlook
Management teams are executing integration plans to build a comprehensive AI-era skills platform. The unified service will leverage over 205 million learners and deep learning insights to enhance both consumer and enterprise offerings.