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Coursera Shares Jump After 2Q Revenue Beat Expectations on AI Push

Shares of Coursera on Thursday jumped in post-market trading after the company reported an unexpected increase in second-quarter revenue.The stock was up 16% to $8.62. Shares have, however, dropped 62% since the beginning of the year.The online learning platform said revenue rose 11% to $170.3 million in the quarter, beating both analysts and management expectations.Analysts polled by FactSet had forecast $164.7 million. The company had most recently guided for a drop in revenue to $162 million to $166 million.The company's beat to its topline performance comes as it surpasses more than two million enrollments in its generative AI catalog of courses, credentials, and hands-on projects created by the world's top technology companies and research universities.

Coursera Shares Jump After 2Q Revenue Beat Expectations on AI Push

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Shares have, however, dropped 62% since the beginning of the year.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/ceba005efb8d863057d3964060c36c08\" tg-width=\"412\" tg-height=\"386\"></p><p>The online learning platform said revenue rose 11% to $170.3 million in the quarter, beating both analysts and management expectations.</p><p>Analysts polled by FactSet had forecast $164.7 million. 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Shares have, however, dropped 62% since the beginning of the year.The online learning platform said revenue rose 11% to $170.3 million in the quarter, beating both analysts and management expectations.Analysts polled by FactSet had forecast $164.7 million. 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