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Coursera Q4 2025: 197M Learners, ~$197M Revenue, ~$27M in Losses
On Feb 5, 2026, Coursera released its Q4 2025 results. It was the first report since announcing the Udemy merger, which Dhawal Shah, Class Central founder, recently analyzed (in 5000+ words!).
Coursera’s stock barely moved after the announcement and is currently at ~$6, down 87% from its opening day price in 2021. Here’s a quick review of its last 2025 quarter.
More Users, Struggling Segments
Coursera’s Q4 revenue was ~$197M, up 10% YoY, but growth has been flat since Q2.
Consumer revenue saw
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Coursera and Udemy are Finally One. What’s Next?
Source: Udemy Investors page
The merger is complete. That too, months before its second-half 2026 target.
After three failed attempts and five months of regulatory and shareholder review, Coursera and Udemy have finally combined. Now comes the restructuring, the platform integration, and some unanswered leadership questions.
The all-stock deal was first announced on December 17, 2025, and approved by stockholders on April 9, 2026.
Each Udemy share was exchanged for 0.8 shares of Coursera. Udemy
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White-Labeling in Online Education: Whose Credential Is It Anyway?
Coursera’s flagship credentials may carry big brand names, but who’s actually creating the content?
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30+ Holiday Discounts & Online Learning Deals
Every Black Friday, Class Central compiles the best online learning deals from online course platforms. But you don’t need to wait for Black Friday. You can find interesting deals all year long!
In this article, we’ve compiled the best online learning deals and discounts available right now (or that will soon go live). When deals have an end date, we included it too, but note that it’s not rare for deals to remain active even past their end date, so you might want to give them a try nonetheles
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