Coursera’s Strategic Merger and Financial Milestones Under Scrutiny

All eyes are on Coursera as it prepares to release its fourth-quarter and full-year 2025 financial results after the U.S. market closes on Thursday, February 5, 2026. The report is highly anticipated, not only for the key performance metrics but also for potential insights into the company's planned merger with rival Udemy and its positioning within the rapidly evolving landscape of AI education.

Market researchers estimate that Coursera will post earnings of $0.06 per share for Q4 2025, with revenue projected to reach approximately $191.8 million. This follows a strong third quarter where the company reported a 10% year-over-year revenue increase to $194.2 million. Subsequently, management raised its full-year revenue guidance to a range of $750 million to $754 million.

The previous quarter showed a narrowing GAAP net loss of $8.6 million, while on a non-GAAP basis, Coursera reported a net profit of $16.7 million. Investors will be keen to see if this positive trajectory toward profitability was sustained through the final quarter of the fiscal year.

A Defining Merger in Online Education

Announced in December 2025, the proposed merger with Udemy remains a central focus. The transaction is structured as an all-stock deal, with the combined entity continuing to operate under the Coursera name and maintain its listing on the New York Stock Exchange (NYSE). This consolidation is strategically aimed at bolstering market leadership in digital skills development, a sector experiencing heightened demand due to the artificial intelligence revolution.

Should investors sell immediately? Or is it worth buying Coursera?

Coursera's recent initiatives highlight its preparation for this technological shift. A "Job Skills Report" published in January identified generative AI as one of the platform's most in-demand skill categories. To fund necessary innovation investments, Coursera implemented a 15% platform fee for certain sales channels, effective January 1, 2026.

Furthermore, co-founder Andrew Ng noted a significant global market development in early February. He observed that political movements in the United States are increasingly prompting allied nations to pursue "Sovereign AI" initiatives. This trend toward developing local AI capabilities and secure infrastructure is expected to create fresh expansion opportunities for global education platforms like Coursera.

What Investors Are Watching

Tomorrow's earnings release will reveal whether Coursera met its elevated annual targets. Market participants are likely to pay close attention to any initial commentary on the financial impact of the new fee structure and the projected timeline for integrating Udemy's operations. Management will host an analyst conference call at 11:00 PM Central European Time (CET) on Thursday to discuss the results.