Coursera (with Udemy)
Online course platform for universities and companies, combined with Udemy in May 2026.
- Revenue
- Q2 2026 revenue $298.6M, up 60%. Excluding Udemy, up about 4%
- Value
- $2.5B all-stock merger value (Udemy deal, closed 11 May 2026)
- Growth
- Revenue up 4% without the merger
- Based in
- Mountain View, US
- Listed
- Public (COUR)
The combined catalogue and corporate base gives it reach across both platforms.
Organic growth is only about 4%, so the merger hides a slow core business.
Money coming in
Who pays Coursera (with Udemy), and for what.
No customers of Coursera (with Udemy) mapped yet.
Money going out
Who Coursera (with Udemy) pays to do what it does.
No suppliers of Coursera (with Udemy) mapped yet.
Where it sits on the map
Competitors and neighbours
Makes ChatGPT, the assistant most people use, and sells its models to businesses through an API.
About $13B revenue in 2025, against about $34B of costs (reported)
Open profileMakes Gemini, the assistant built into Android, Search and Workspace.
25% of AI chip supply (Epoch AI)
Open profileSells Microsoft 365 Copilot inside Office and Windows, and owns a large stake in OpenAI.
20M+ users (2025)
Open profileHomework help site that AI chatbots have largely displaced for students.
Q1 2025 revenue $121M, down 30%
Open profileLanguage learning app that uses AI to build lessons and tutor learners.
Q2 2026 revenue $298.5M, up 18%
Open profileAI video platform that makes training and corporate videos from text, with AI presenters.
About $150M ARR (reported Jan 2026, trackers)
Open profileAI language tutor app built for speaking practice.
$1B valuation (Dec 2024)
Open profileLanguage learning app sold on subscription, with lessons built by teams of teachers.
Open profileLibrary of course content for businesses, collecting learning from many publishers.
Open profileSources: sec.gov
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