Consumer SegmentThe notable guidance reduction in the Consumer segment is attributable to weakening free-to-paid learner conversion in North America and delays in a new content launch.
EarningsQ1 revenue disappointed based on elements of lower user funnel conversion, delayed content launches, and a continued weaker Enterprise environment.
GuidanceCoursera significantly reduced its full-year guidance, with the updated 2024 guidance now calling for revenue of $695 million-$705 million, down $35 million at the midpoint.