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Why Coursera (COUR) shares are falling today
Coursera reported third-quarter 2026 revenue of $376.7 million, up 94% year on year, and adjusted earnings of $0.21 per share, both beating estimates. However, its fourth-quarter revenue guidance of $362 million at the midpoint came in 2.7% below analysts' expectations of $372 million.
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What happened
Coursera reported third-quarter 2026 revenue of $376.7 million, up 94% year on year, and adjusted earnings of $0.21 per share, both beating estimates. However, its fourth-quarter revenue guidance of $362 million at the midpoint came in 2.7% below analysts' expectations of $372 million.
Confirmed
Global impact / market context
Investors look to future guidance as a signal of upcoming demand. A weaker fourth-quarter sales and adjusted EBITDA outlook, which means earnings before interest, taxes, depreciation and amortization, outweighed the strong third-quarter beat and pressured the shares.
Analyst inference
Coursera targets more than $150 million in annualized gross cost savings and a $115 million net synergy target from the Udemy transaction, which means expected combined cost benefits. Cost cuts can support profit even as near-term revenue guidance disappoints.
Analyst inference
What to watch
- Fourth-quarter revenue guidance of $362 million at the midpoint came in 2.7% below analysts' expectations of $372 million. Confirmed
- Watch whether Coursera delivers the more than $150 million in annualized gross cost savings and the $115 million net synergy target from the Udemy transaction. Proposed
- Watch whether slower near-term revenue guidance carries into the full-year 2026 outlook of $1.229 billion to $1.237 billion and weighs on investor positioning in the stock. Analyst inference