Coursera, Inc. (NYSE:COUR) Q1 2023 Earnings Conference Call April 27, 2023 5:00 PM ET

Company Participants

Cam Carey - Head, IR

Jeff Maggioncalda - CEO

Ken Hahn - CFO

Conference Call Participants

Rishi Jaluria - RBC

Stephen Sheldon - William Blair

Taylor McGinnis - UBS

Josh Baer - Morgan Stanley

Brian Peterson - Raymond James

Ryan MacDonald - Needham

Jason Celino - KeyBanc

Operator

Ladies and gentlemen, thank you for standing by and welcome to Coursera's First Quarter 2023 Earnings Call. [Operator Instructions]

I'd like to turn the call over to Cam Carey, Head of Investor Relations. Mr. Carey, you may begin.

Cam Carey

Hi, everyone, and thank you for joining our Q1 earnings conference call. With me today is Jeff Maggioncalda, Coursera's Chief Executive Officer; and Ken Hahn, our Chief Financial Officer.

Following their prepared remarks we will open the call for questions. Our press release including financial tables was issued after market close and is posted on our Investor Relations website located at investor.coursera.com where this call is being simultaneously webcast and where versions of our prepared remarks and supplemental slides are available.

During this call, we will present both GAAP and non-GAAP financial measures. A reconciliation of non-GAAP measures, which are the most directly comparable GAAP measure can be found in today's press release and supplemental presentation, which are distributed and available to the public through our Investor Relations website. Please note all growth percentages refer to year-over-year change unless otherwise specified.

Additionally, all statements made during this call relating to future results and events are forward-looking statements based on current expectations and beliefs. These forward-looking statements include but are not limited to; statements regarding the potential impacts of trends affecting our industry and uncertainties in the current economic and educational environment. Our ecosystem, platform, content and partner relationships. Our anticipated plans and the anticipated benefits thereof, our strategy and priorities in our business model, mission, opportunities, outlook, and future intentions.

Actual results and events could differ materially from projections due to a number of risks and uncertainties discussed in our press release, SEC filings and supplemental materials. These forward-looking statements are not guarantees of future performance or plans and investors should not place undue reliance on them. We assume no obligation to update our forward-looking statements.

And with that, I'd like to turn it over to Jeff.

Jeff Maggioncalda

Thanks, Cam, and good afternoon everyone.

It's great to be with you all. Last month we had the opportunity to see and speak with many of you at our first Investor Day. It provided an excellent opportunity to reflect on the amount of progress that we've made executing on our vision, expanding our ecosystem, and deepening our platform's advantages and it reinforced my confidence in our strategy, including our vision for the future of higher education.