Coursera Inc Q1 2023 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Rishi Nitya Jaluria - RBC Capital Markets, Research Division - Analyst : It's nice to see continued strength in the business and Degree return back to growth. One question on generative AI and a quick follow-up on Degrees. On generative AI, Jeff, I think it's pretty clear to all of us generative AI could be a huge tailwind for your business given the societal implications and you've laid out a road map for productizing it. I wanted to understand from your own perspective, how do you think you as Coursera to internally use generative AI to drive greater efficiency or iterate on products or functionality better? Anything like that, that would be really helpful. And I've got a quick follow-up. REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. APRIL 27, 2023 / 9:00PM, COUR.N - Q1 2023 Coursera Inc Earnings Call

Question: Rishi Nitya Jaluria - RBC Capital Markets, Research Division - Analyst : Quick follow-up just on the Degrees segment. So at the Analyst Day, you talked about 25% growth next year. And that was assuming no new degrees. You since then announced 10 new degrees. And I know there's a ramp up time and all that. But was that all contemplated in that? Or how should we be thinking about how the new Degrees announcement impacts that next year?

Question: Stephen Hardy Sheldon - William Blair & Company L.L.C., Research Division - Analyst : First one here on the revenue guidance. You just grew 23% year-over-year in the first quarter. I think the midpoint of guidance has been 16% growth in 2Q. And I think the full year guide would then imply closer to 12% growth at the midpoint in the second half of the year. So is that conservatism? Or are there some factors that could be potentially driving a slowdown in the second half relative to the first half? Because from what we can see, it seems like trends in the business remain pretty strong at this point overall.

Question: Stephen Hardy Sheldon - William Blair & Company L.L.C., Research Division - Analyst : And then just as a follow-up on Coursera Hiring Solutions. It seems like a really interesting opportunity given your position with employers universities, but there's also some established competition there. It's early and in beta, but how do you think about potentially differentiating your capabilities versus competitive solutions? And Also, what could the monetization structure look like at a high level?