Consumer revenue remains the biggest chunk of Coursera, but enterprise and degree sales also grew in the first quarter. Here's the breakdown:
Consumer revenue in the first quarter was $51.9 million, up 61% from a year ago. Coursera's professional certifications showed strong growth. Coursera added 5 million new registered users to end the quarter with 82 million.
Enterprise revenue was $24.5 million, up 63% from a year ago. Paid enterprise customers were 479 as of the end of the first quarter. Companies are using Coursera for upskilling and reskilling.
Degrees revenue in the first quarter was $12 million, up 81% from a year ago. For degree programs, Coursera revenue is a fee since students pay tuition directly to the university. Coursera had 13,493 degree program students at the end of the quarter.
For the second quarter, Coursera projected revenue between $89 million and $93 million. For 2021, Coursera expects revenue of $369 million to $381 million.