Coursera, Inc. (NYSE:COUR) Q1 2022 Earnings Conference Call April 27, 2022 5:00 PM ET

Company Participants

Cam Carey - Head, IR

Jeffrey Maggioncalda - CEO, President & Director

Kenneth Hahn - SVP, CFO & Treasurer

Conference Call Participants

Rishi Jaluria - RBC Capital Markets

Joshua Baer - Morgan Stanley

Terrell Tillman - Truist Securities

Stephen Sheldon - William Blair & Company

Brian Peterson - Raymond James & Associates

Eric Sheridan - Goldman Sachs Group

Ryan MacDonald - Needham & Company

Operator

Ladies and gentlemen, thank you for standing by, and welcome to Coursera's First Quarter 2022 Earnings Call. [Operator Instructions].

Now at this time, I'll turn the call over to Mr. 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 to 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 that 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. These forward-looking statements include, but are not limited to, statements regarding trends and their potential impact on our industry and our business; our ecosystem, platform, content and partner relationships; our strategy and priorities; and our business model mission, opportunities, outlook and long-term financial framework. 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 and 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.

Jeffrey Maggioncalda

Thanks, Cam, and good afternoon, everyone. Today, I'm pleased to share that Coursera had a strong first quarter of 2022 as we celebrate 2 significant milestones. First, this month marks the 10-year anniversary of Andrew and Daphne's bold experiment, and it is inspiring to reflect on our evolution over the past decade. What began as a few popular computer science programs on the Internet has grown into a global learning platform where anyone anywhere has the power to transform their life through learning. For a decade, Coursera's catalog of world-class content and credentials has broadened access to educational opportunity, allowing individuals across the world to learn from anywhere.