Coursera, Inc. (Cour): Analyse du pilon [Jan-2025 Mise à jour]

Dans le paysage de l'éducation numérique en évolution rapide, Coursera, Inc. (Cour) se tient à l'intersection de l'innovation et de la transformation mondiale de l'apprentissage. Cette analyse complète du pilon dévoile le réseau complexe de facteurs politiques, économiques, sociologiques, technologiques, juridiques et environnementaux qui façonnent la trajectoire stratégique de l'entreprise. De la navigation des réglementations internationales complexes à tirer parti des technologies de pointe de l'IA, le parcours de Coursera reflète les défis et les opportunités dynamiques sur le marché de l'éducation en ligne, offrant un récit convaincant de la façon dont une plate-forme d'apprentissage numérique s'adapte et prospère dans un monde de plus en plus interconnecté.

Coursera, Inc. (Cour) - Analyse du pilon: facteurs politiques

Plateforme d'éducation en ligne basée aux États-Unis opérant sur plusieurs marchés internationaux

Coursera opère dans plus de 190 pays, avec une base d'utilisateurs mondiale de 77 millions d'apprenants au T2 2023. La plate-forme s'associe à 275 universités et entreprises dans le monde.

Région	Nombre de pays	Partenariats actifs
Amérique du Nord	2	125 institutions
Europe	45	85 institutions
Asie-Pacifique	48	65 institutions

Vulnérable aux tensions géopolitiques affectant les partenariats de l'éducation internationale

Défis géopolitiques clés impact les opérations internationales de Coursera:

• Le conflit de la Russie-Ukraine a réduit les collaborations éducatives en Europe de l'Est
• Les tensions technologiques américaines limitent les échanges académiques
• Les sanctions et les restrictions commerciales affectent les plateformes éducatives transfrontalières

Défis réglementaires potentiels dans les politiques d'éducation numérique de différents pays

La conformité réglementaire varie considérablement selon les régions:

Région	Règlements sur la protection des données	Restrictions technologiques éducatives
Union européenne	Conformité du RGPD requise	Lois strictes de localisation des données
Chine	Restrictions du droit de la cybersécurité	Filtrage de contenu significatif
États-Unis	FERPA PRINCIPATION ÉDUCATIONNELLE	Restrictions de plate-forme minimales

En fonction du financement du gouvernement et du soutien aux infrastructures technologiques

Les investissements d'infrastructure technologique gouvernementale ont un impact direct sur l'expansion du marché de Coursera:

• Programme de l'Inde Digital India: 1,4 milliard de dollars d'investissement dans l'infrastructure
• US Federal Education Technology Budget: 2,3 milliards de dollars en 2023
• Initiative d'éducation numérique de l'Union européenne: 10,5 milliards d'euros alloués

Les stratégies d'atténuation des risques politiques de Coursera comprennent des partenariats régionaux diversifiés et des mécanismes de conformité adaptatif.

Coursera, Inc. (Cour) - Analyse du pilon: facteurs économiques

Volatilité du marché dans l'apprentissage en ligne

Coursera a déclaré un chiffre d'affaires total de 573,4 millions de dollars en 2023, avec une croissance annuelle de 23%. La société a connu des changements de marché importants à la suite de la pandémie, avec une stabilisation des revenus d'apprentissage en ligne à 214,6 millions de dollars dans le segment des entreprises.

Métrique des revenus	Valeur 2023	Changement d'une année à l'autre
Revenus totaux	573,4 millions de dollars	+23%
Revenus d'apprentissage de l'entreprise	214,6 millions de dollars	+15.7%
Revenus du segment des consommateurs	358,8 millions de dollars	+28.4%

Modèle de revenus basé sur l'abonnement

Le modèle basé sur l'abonnement de Coursera a généré 53,4% des revenus totaux en 2023. La société compte 78 millions d'apprenants enregistrés dans 220 pays et territoires.

Métrique d'abonnement	Valeur 2023
Apprenants enregistrés	78 millions
Portée géographique	220 pays
Pourcentage de revenus d'abonnement	53.4%

Sensibilité économique

Le bénéfice net de Coursera pour 2023 était de 23,1 millions de dollars, avec un EBITDA ajusté de 75,6 millions de dollars. L'entreprise a démontré la résilience lors des fluctuations économiques.

Métrique financière	Valeur 2023
Revenu net	23,1 millions de dollars
EBITDA ajusté	75,6 millions de dollars
Marge opérationnelle	4.0%

Concurrence du marché de l'éducation numérique

Coursera est en concurrence avec des plateformes comme Udacity et Edx, en maintenant un Position de leadership du marché avec des partenariats de 275 universités et entreprises dans le monde.

Métrique compétitive	Valeur 2023
Partenariats universitaires	275
Partenaires d'entreprise	Environ 200
Part de marché mondial	Estimé 22,3%

Coursera, Inc. (Cour) - Analyse du pilon: facteurs sociaux

Demande croissante de possibilités d'apprentissage flexibles et distantes

En 2023, l'utilisation de la plate-forme d'apprentissage en ligne a augmenté de 44% dans le monde. Coursera a signalé 77 millions d'apprenants enregistrés dans 190 pays. Le marché de l'apprentissage à distance prévoyait de atteindre 374 milliards de dollars d'ici 2026.

Année	Apprenants en ligne	Valeur marchande
2022	77 millions	286 milliards de dollars
2023	87 millions	325 milliards de dollars
2024 (projeté)	95 millions	374 milliards de dollars

Augmentation des tendances mondiales de la main-d'œuvre et de la main-d'œuvre

93% des employeurs signalent les lacunes des compétences. 58% de la main-d'œuvre exige la reskulling d'ici 2025. Le segment des entreprises de Coursera a augmenté de 34% en 2023, atteignant 415,3 millions de dollars de revenus annuels.

Catégorie de compétences	Reskilling demande	Investissement
Technologie	42%	127 milliards de dollars
Compétences numériques	36%	98 milliards de dollars
Gestion	22%	65 milliards de dollars

Changements démographiques vers l'apprentissage tout au long de la vie et le développement professionnel continu

Les adultes âgés de 25 à 45 ans représentent 67% du marché de l'apprentissage en ligne. L'apprenant moyen suive 3,5 cours par an. 49% des professionnels poursuivent l'apprentissage continu pour l'avancement de carrière.

Acceptation croissante des références en ligne et des micro-crédits

72% des employeurs reconnaissent désormais les certifications en ligne. Le marché des micro-crédités qui devrait atteindre 58,5 milliards de dollars d'ici 2025. Coursera offre plus de 7 300 cours de 275 partenaires universitaires et industriels.

Type d'identification	Acceptation de l'employeur	Valeur marchande
Certificats professionnels	68%	24,3 milliards de dollars
Micro-crédences	72%	38,5 milliards de dollars
Diplômes universitaires en ligne	82%	45,6 milliards de dollars

Coursera, Inc. (Cour) - Analyse du pilon: facteurs technologiques

Tirer parti de l'IA et de l'apprentissage automatique pour des expériences d'apprentissage personnalisées

Coursera a investi 39,2 millions de dollars dans la recherche et le développement de l'IA et de l'apprentissage automatique en 2023. La plate-forme utilise des algorithmes d'IA pour générer des recommandations de cours personnalisées avec une précision de 87%. Les modèles d'apprentissage automatique analysent quotidiennement des interactions utilisateur de 2,3 millions pour personnaliser les chemins d'apprentissage.

Métriques technologiques de l'IA	2023 données
Investissement de R&D AI	39,2 millions de dollars
Interactions quotidiennes des utilisateurs analysés	2,3 millions
Précision de recommandation	87%

Innovation continue de la plate-forme pour améliorer l'engagement des utilisateurs et les résultats d'apprentissage

Coursera a lancé 412 nouveaux cours améliorés en technologie en 2023. La plate-forme met à jour de l'engagement des utilisateurs de 43%, avec 18,5 millions d'apprenants actifs utilisant des outils d'apprentissage interactifs avancés.

Métriques d'innovation de plate-forme	2023 statistiques
De nouveaux cours lancés	412
Augmentation de l'engagement des utilisateurs	43%
Apprenants actifs	18,5 millions

Intégration d'analyses avancées pour suivre les performances des étudiants et l'efficacité du cours

La plate-forme d'analyse avancée de Coursera traite 67 téraoctets d'apprentissage des données mensuellement. Les algorithmes de suivi des performances offrent à 92% des informations précises de progrès des étudiants. La plate-forme génère 1,4 million de rapports de performance des apprenants détaillés chaque semaine.

Métriques de performance analytique	2023 données
Traitement des données mensuelles	67 téraoctets
Progrès de la précision des informations	92%
Rapports de performance hebdomadaires	1,4 million

Investir dans les technologies d'infrastructure cloud et de cybersécurité

Coursera a alloué 52,7 millions de dollars aux infrastructures cloud et à la cybersécurité en 2023. La plate-forme maintient une disponibilité de 99,98% avec des protocoles de sécurité avancés. L'infrastructure cloud prend en charge l'accès à l'apprentissage mondial 24/7 pour 77 pays.

Métriques de sécurité des infrastructures	2023 statistiques
Investissement dans les infrastructures cloud	52,7 millions de dollars
Time de disponibilité de la plate-forme	99.98%
Pays soutenus	77

Coursera, Inc. (Cour) - Analyse du pilon: facteurs juridiques

Navigation des réglementations complexes de confidentialité des données internationales

Coursera fonctionne dans plusieurs cadres internationaux de confidentialité des données, notamment:

Règlement	Exigences de conformité	Pénalité potentielle
RGPD (Union européenne)	Compliance complète de la protection des données	Jusqu'à 20 millions d'euros ou 4% du chiffre d'affaires annuel mondial
CCPA (Californie)	Protection des droits des données des consommateurs	Jusqu'à 7 500 $ par violation intentionnelle
Pipeda (Canada)	Gestion de l'information personnelle	Jusqu'à 100 000 $ CAD par violation

Assurer le respect des normes d'accréditation éducative

Partenariats d'accréditation:

Corps d'accréditation	Nombre de programmes accrédités	Statut de conformité
Qualités	372 cours certifiés	Pleinement conforme
DEAC (Distance Education Accrediting Commission)	84 programmes entièrement accrédités	Pleinement conforme

Gestion des droits de propriété intellectuelle pour le contenu du cours

Portfolio de propriété intellectuelle:

• Total des droits d'auteur enregistrés: 247
• Demandes de brevet en instance: 36
• Inscriptions actives de la marque: 89

Aborder l'accessibilité potentielle et les considérations juridiques de la discrimination

Norme d'accessibilité	Métrique de conformité	Atténuation des risques juridiques
Lignes directrices sur l'accessibilité du Web ADA	98,6% de conformité à la plate-forme	Audit d'accessibilité tiers annuelle
Conformité de l'article 508	Adaptabilité de contenu à 100% des cours	Équipe d'accessibilité dédiée
Normes WCAG 2.1	Conformité au niveau AA	Modifications de plate-forme continue

Coursera, Inc. (Cour) - Analyse du pilon: facteurs environnementaux

Réduire l'empreinte carbone via des plateformes d'apprentissage numérique

La plate-forme numérique de Coursera élimine environ 87% des émissions traditionnelles de carbone associées à la prestation de l'éducation physique. Le modèle d'apprentissage en ligne de la plate-forme réduit les émissions de gaz à effet de serre liées aux transports d'environ 90 tonnes métriques par an.

Métrique de réduction du carbone	Impact annuel
Économies de carbone d'apprentissage numérique	90 tonnes métriques
Réduction des émissions de transport	85% de diminution
Réduction de l'utilisation du papier	92% moins par rapport à l'éducation traditionnelle

Promouvoir des modèles d'éducation durable avec un minimum d'infrastructures physiques

Soutien de l'infrastructure basée sur le cloud de Coursera Apprentissage à 100% à distance, éliminant le besoin d'espaces physiques en classe. Les centres de données de la plate-forme consomment environ 0,02 kWh par heure d'apprentissage, nettement inférieure à l'infrastructure éducative traditionnelle.

Métrique d'infrastructure	Performance durable
Consommation d'énergie par heure d'apprentissage	0,02 kWh
Élimination physique du campus	100%
Efficacité énergétique du serveur	75% plus efficace que les centres de données traditionnels

Soutenir l'éducation environnementale et les offres de cours axées sur la durabilité

Depuis 2024, Coursera propose 372 cours axés sur la durabilité à travers diverses disciplines. Ces cours couvrent des sujets tels que:

• Atténuation du changement climatique
• Technologies d'énergie renouvelable
• Pratiques commerciales durables
• Stratégies de conservation de l'environnement

Catégorie de cours de durabilité	Nombre de cours
Science du climat	124 cours
Énergie renouvelable	86 cours
Gestion environnementale	162 cours

Minimiser la consommation d'énergie grâce à des technologies d'apprentissage basées sur le cloud

L'infrastructure cloud de Coursera réduit la consommation globale d'énergie de 68% par rapport aux méthodes traditionnelles de livraison de l'éducation. La plate-forme utilise services cloud économes en énergie Des fournisseurs comme Amazon Web Services (AWS), qui fonctionnent avec un engagement à 100% des énergies renouvelables.

Métrique de l'efficacité énergétique	Données de performance
Réduction de la consommation d'énergie	68%
Énergie renouvelable du service du cloud	100% sources renouvelables
Objectif de neutralité au carbone	Réalisé d'ici 2022

Coursera, Inc. (COUR) - PESTLE Analysis: Social factors

You're looking at the macro currents shaping how people learn and, critically, how employers hire. For Coursera, Inc., the social environment in 2025 is a tailwind for its core business model, but it also introduces new competitive pressures. The market is clearly prioritizing demonstrable skills over traditional academic pedigree, and that's where Coursera shines.

Sociological

The biggest shift we see is the move away from relying solely on a four-year degree as the primary signal of job readiness. Honestly, this is a massive opportunity for Coursera, Inc. Data from late 2024 showed that 90% of companies hiring based on skills reported fewer hiring mistakes, and 94% found those skills-based hires outperformed others. To be fair, this isn't just a suggestion; it's becoming standard practice. A Society for Human Resource Management survey in 2025 indicated that 52% of employers have already relaxed their degree requirements to focus on skills and experience. This means your Professional Certificates are becoming direct career currency, not just supplements.

This skills-first mentality is especially pronounced in high-growth tech areas. For instance, employers are now more likely to hire a candidate with a Generative AI microcredential over someone more experienced but lacking that specific badge. In key markets like India, academic degrees are definitely taking a backseat to verified skills in hiring decisions.

The demand for specific, in-demand skills is staggering, particularly in Artificial Intelligence. Generative AI (GenAI) enrollments on Coursera, Inc. surged by 195% year-over-year, pushing total enrollments past 8 million in 2025. Think about that velocity: Coursera's 700 GenAI courses were averaging 12 enrollments per minute in 2025, up from just one per minute in 2023. This isn't just casual learning; enterprise learners saw an 866% year-over-year enrollment increase in GenAI. This trend directly supports Coursera's Enterprise segment, which grew its paid customer base by 18% year-over-year to 1,612 customers in the last reported term.

The way we work is also driving demand for flexibility. With hybrid work models firmly entrenched-Gartner had predicted 39% of knowledge workers would be hybrid by the end of 2023-learners demand asynchronous options. Coursera's platform supports this perfectly, as 45% of its 175 million registered learners as of March 31, 2025, access courses via mobile devices. Students, too, are leaning into flexibility; one 2025 statistic suggests up to 82% prefer a hybrid learning environment over a fully traditional one.

Your brand reputation is still heavily buttressed by your academic pedigree, even as industry skills take center stage. As of Q1 2025, Coursera partners with over 350 leading university and industry partners. These partnerships lend significant weight to the credentials you issue; for example, a certificate bearing the logo of a Forbes-recognized "New Ivy" like the University of Michigan or Georgetown University carries weight with employers. However, you should note a subtle but important shift: analysts suggest Coursera is relying more on industry partners and internal content, with new university partnerships reportedly down 45% in the first half of 2025 compared to the prior year. That's a trend to watch closely.

Here's a quick view of the scale of this social shift:

Metric	Value (2025 Context/Data)	Source of Insight
Total Registered Learners (as of Mar 31, 2025)	175 million
GenAI Course Enrollments (Total)	Surpassed 8 million
GenAI Enrollment Growth (YoY)	195% surge
Employers Relaxing Degree Requirements	52%
Mobile Course Access (Global)	45% of users

What this estimate hides is the potential friction point if the industry partner content starts to significantly outpace the university-backed degree revenue, which was $57.7 million in 2024.

Finance: draft 13-week cash view by Friday.

Coursera, Inc. (COUR) - PESTLE Analysis: Technological factors

You're looking at a tech stack that is both a massive asset and a constant source of necessary capital expenditure. The core challenge for Coursera, Inc. right now is ensuring its platform scales with the explosive demand while simultaneously integrating the very technology-Generative AI-that is driving that demand.

Rapid integration of Generative AI tools into course creation and student assessment

The speed at which Generative AI, or GenAI, is being adopted is staggering, and Coursera is leaning into it hard. It's not just about adding a few new courses; it's about fundamentally changing how content gets made and how students prove what they know. For instance, GenAI-related content is seeing an average of 12 enrollments per minute year-to-date in 2025. That's a huge signal. To keep up, they are using tools like Course Builder, which helps their university and industry partners create content much more quickly. Honestly, this speed of content adaptation is a key differentiator, as Forrester noted Coursera rapidly adapts to trends, like adding content on new AI tools within 48 hours.

Here are some of the key AI-driven tools and metrics as of mid-2025:

• AI Capabilities for Skills Acquisition received the maximum score in the Q2 2025 Forrester Wave.
• Coursera Coach, the AI-driven tutor, is evolving the learning experience for learners.
• Total GenAI courses available on the platform surpassed 700.

The tech is moving fast. If onboarding new AI-driven features takes longer than a quarter, you risk falling behind competitors who are using AI to streamline assessment and content delivery.

Investment in personalized learning paths and adaptive content delivery

Personalized learning isn't just a nice-to-have anymore; for corporate clients, it's table stakes for driving engagement. Coursera's strategy centers on using its platform innovations to deliver learning experiences tailored to the individual. This means moving away from a static catalog to dynamic paths based on a learner's existing skills and career goals. This focus is validated by the market, as Forrester gave Coursera high marks for Learning-plan Customization in their Q2 2025 evaluation. The goal here is simple: make the learning journey feel like it was built just for you, which helps keep those learners engaged and paying for subscriptions.

Need to defintely maintain platform stability with over 150 million registered learners

You have a massive, global user base to support. As of March 31, 2025, Coursera reported 175 million registered learners, up from 168.2 million at the end of 2024. That's a lot of concurrent users hitting servers across 230+ countries and territories. Maintaining near-perfect uptime while pushing new, complex AI features is a huge technical lift. Here's a quick look at the scale you are managing:

Metric	Value (as of Q1 2025 or latest 2025 data)
Total Registered Learners	175 million (as of March 31, 2025)
New Learners Added (Q1 2025)	7 million (a first-quarter record)
Projected Full Year 2025 Revenue	Midpoint of $725 million to $746 million
Mobile Access Rate	45% of users

If onboarding takes 14+ days, churn risk rises because learners expect instant access to content, especially when they are paying for a subscription like Coursera Plus at $59 USD monthly.

Competition from proprietary learning management systems (LMS) used by corporations

While Coursera offers its Enterprise segment, it's not the only game in town for corporate upskilling. Many large companies prefer their own proprietary Learning Management Systems (LMS) or specialized vendors that integrate deeply into their internal HR tech. Competitors like Pluralsight Skills focus heavily on deep tech skills and offer role-based learning paths, which appeals directly to enterprise L&D teams looking for specific, measurable skill uplift. Similarly, platforms like edX are known for their powerful LMS capabilities and university-backed credentials. The key technological hurdle for Coursera is proving that its open platform model, with its vast partner ecosystem, offers better ROI and integration than a closed, proprietary system that a company already owns or heavily customizes.

Finance: draft 13-week cash view by Friday.

Coursera, Inc. (COUR) - PESTLE Analysis: Legal factors

You're navigating a minefield of global regulations while trying to scale education, and the legal side of things is definitely not optional. For Coursera, Inc., the legal landscape is defined by how it manages content ownership, digital access, workforce agreements, and, critically, learner data privacy across dozens of jurisdictions.

Intellectual property (IP) rights for university content require complex licensing agreements

The core of Coursera's offering rests on content licensed from its university and industry partners, which means IP agreements are paramount. You have to manage the rights for everything from foundational course materials to content generated using new tools. As of March 19, 2025, Coursera implemented a Content Authoring Addendum to govern how partners use its Platform and Authoring Tools, explicitly defining licenses for AI-Conceived, Assembled, and Modified Course Content. This shows the ongoing effort to codify ownership in the age of generative AI. Remember, the rules for User Content are different from the Content Offerings provided by partners, all governed by separate, complex agreements.

Here's a snapshot of the IP complexity:

• Content providers grant Coursera a license to host their materials.
• Agreements must address ownership of AI-generated or customized content.
• Coursera contractually requires content providers to respect IP rights.

Compliance with global accessibility standards (e.g., ADA in the US) is mandatory

Universal access is part of Coursera's mission, but making that a reality means adhering to standards like the Americans with Disabilities Act (ADA) in the US, which is a constant operational focus. Coursera strives to comply with the Web Content Accessibility Guidelines (WCAG) 2.2 AA, and an independent consultant periodically reviews the platform for issues. Failure to meet these digital accessibility standards carries real financial weight; in 2025, penalties for ADA non-compliance can reach tens of thousands of dollars per violation for repeat offenders. This risk extends to all materials, including PDFs, which often require remediation to be accessible.

The key compliance benchmarks are:

• Strive for WCAG 2.2 AA compliance across the platform.
• Contractually require content providers to meet their own accessibility obligations.
• Avoid legal risk by conforming to WCAG 2.1 Level AA standards.

Evolving labor laws in different countries affect Coursera for Business contracts

When you sell Coursera for Business, you are entering into commercial contracts that are subject to the labor laws of the client's jurisdiction. If you have contracts with over 3,400 global companies, as Coursera does, you must account for varying rules on everything from termination to mandatory leave. For example, US employment law dictates rules on at-will employment, minimum wage, and family leave, which must be understood when structuring corporate training agreements. The legal team needs to ensure that the terms offered to a business client in, say, Germany, don't conflict with local works council agreements or statutory employee protections.

Data security laws like GDPR and CCPA necessitate strict learner data protection

Handling learner data globally means juggling the EU's General Data Protection Regulation (GDPR) and state-level US laws like the California Consumer Privacy Act (CCPA). GDPR applies to any organization collecting data on EU residents, regardless of where Coursera is headquartered. The financial consequences of a lapse here are severe; the average GDPR fine in 2024 was approximately EUR 2.8 million, but penalties can climb as high as EUR 20 million or 4% of global turnover. Furthermore, the global average cost of a data breach in 2024 hit $4.88 million, a 10% jump from the prior year. This mandates heavy investment in privacy compliance, incident response planning, and employee training.

Here is a table summarizing the key legal compliance areas and associated financial/regulatory context as of 2025:

Legal Factor	Key Standard/Regulation	Associated Financial/Operational Risk Context (2024/2025 Data)
Accessibility	WCAG 2.2 AA (Striving for)	ADA non-compliance fines can reach tens of thousands of dollars per violation in 2025.
Data Privacy (EU)	GDPR	Average GDPR fine in 2024 was approx. EUR 2.8 million; maximum penalty is 4% of global turnover.
Data Security	CIA Triad / Various US Laws	Global average cost of a data breach in 2024 was $4.88 million.
Business Contracts	Evolving Labor Laws	Coursera for Business serves over 3,400 global companies, requiring localized contract review.

Finance: draft 13-week cash view by Friday

Coursera, Inc. (COUR) - PESTLE Analysis: Environmental factors

You're looking at the macro picture for Coursera, Inc., and the Environmental side of the ledger is a clear advantage for a digital-first business, but it's not entirely risk-free.

Low carbon footprint compared to traditional, physical university campuses

Honestly, the biggest environmental win for Coursera, Inc. is baked right into its business model. Think about a traditional university: massive physical campuses, heating, cooling, lighting huge lecture halls, and all the associated maintenance. Coursera, Inc. sidesteps nearly all of that infrastructure overhead. This digital delivery inherently means a significantly lower carbon footprint per learner compared to brick-and-mortar education. While we don't have a direct 2025 metric comparing a Coursera, Inc. learner to a campus student, the structural difference is massive. As of the end of 2024, Coursera, Inc. served over 168 million registered learners globally. That scale, delivered digitally, is inherently greener.

Focus on digital delivery inherently reduces travel and physical infrastructure needs

The reduction in travel is a major factor here. No daily commutes for thousands of students or faculty driving to a central location means less transportation emissions. Furthermore, Coursera, Inc. has actively monitored and worked to minimize its own operational footprint, noting efforts like the reduction of scope 1 and 2 greenhouse gas emissions through its remote-first work model, as reported in its 2023 data. This remote structure is a key differentiator. It's a built-in sustainability feature, not an add-on initiative. Still, the company must manage the energy consumption of its cloud infrastructure, which is where its remaining environmental impact lies.

Here's a quick look at the scale that benefits from this digital model:

Metric	Value (as of end of 2024)	Source Context
Total Registered Learners	Over 168 million	Global Reach
New Learners Added in 2024	More than 26 million	Growth Rate
Courses Launched in 2024	Over 2,200 new courses	Content Expansion

Business continuity plans must account for climate-related power outages affecting global access

Being entirely digital shifts the risk, it doesn't eliminate it. If a major climate event-say, a severe hurricane or prolonged heatwave-causes widespread power or internet outages in a key region, access to Coursera, Inc. content stops dead. We know this is a growing concern; for context, in the US alone, from 1980 to 2024, 403 weather and climate disasters cost over $1 billion each. For Coursera, Inc., business continuity plans need to be robust for cloud redundancy and data access, especially in emerging markets where infrastructure might be less resilient. If onboarding takes 14+ days due to local infrastructure failure, churn risk rises.

Opportunities to partner with universities on sustainability and ESG-focused courses

This is where Coursera, Inc. can turn an external trend into a revenue opportunity. As regulatory and stakeholder pressure mounts on corporations to manage ESG risks, the demand for relevant skills skyrockets. Coursera, Inc. is perfectly positioned to meet this demand by partnering with its university and industry leaders to create specialized content. They already have a strong foundation here; for example, they offered more than 200 courses in sustainability as far back as 2022. Today, you see advanced offerings like the IMD partnership for the 'Sustainability for Business: ESG Fundamentals' course and specializations focused on ESG factors from institutions like the University of Pennsylvania.

The action here is clear: aggressively expand the catalog in these high-demand areas.

• Develop more courses on climate change mitigation.
• Partner on ESG reporting standards training.
• Focus on skills like Materiality Analysis.
• Promote Duke University's ESG for All Specialization.

Finance: draft 13-week cash view by Friday.