BuybackMay 18, 2026, 09:11 AM
Coursera Announces $500 Million Share Repurchase Program
AI Summary
Coursera, Inc. announced that its Board of Directors approved a share repurchase program, authorizing the company to repurchase up to $500 million of its common stock. The program, which has no fixed expiration date, will be funded by existing cash balances and cash flow from operations. This initiative underscores the company's confidence in its strategy, future cash generation, and the value creation opportunity for shareholders, especially following its combination with Udemy, Inc.
Key Highlights
- Coursera's board approved a stock repurchase program of up to $500 million.
- The program authorizes repurchases of outstanding common stock.
- Repurchases will be made through open market purchases, including Rule 10b5-1 plans.
- The program has no expiration date and can be modified or discontinued at any time.
- Funding for repurchases will come from existing cash and cash equivalents.
- The program reflects leadership's confidence in the business and future cash flow.
- The company cites enhanced scale after its combination with Udemy, Inc.
Price Impact
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