Consumer Subscription Stocks Q3 Recap: Benchmarking Coursera (NYSE:COUR)

Stock Story

Looking back on consumer subscription stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including Coursera and its peers.

Consumers today expect goods and services to be hyper-personalized and on demand. Whether it be what music they listen to, what movie they watch, or even finding a date, online consumer businesses are expected to delight their customers with simple user interfaces that magically fulfill demand. Subscription models have further increased usage and stickiness of many online consumer services.

The 8 consumer subscription stocks we track reported a mixed Q3. As a group, revenues beat analysts’ consensus estimates by 1.3% while next quarter’s revenue guidance was in line.

Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 15.5% since the latest earnings results.

Coursera

Founded by two Stanford University computer science professors, Coursera is an online learning platform that offers courses, specializations, and degrees from top universities and organizations around the world.

Coursera reported revenues of $194.2 million, up 10.3% year on year. This print exceeded analysts’ expectations by 2.1%. Overall, it was a satisfactory quarter for the company with a solid beat of analysts’ EBITDA estimates but EBITDA guidance for next quarter missing analysts’ expectations significantly.

“We delivered a strong third quarter, driven by 13% year-over-year revenue growth in our Consumer segment. As individuals increasingly seek the skills necessary to adapt and thrive in today’s evolving job market, we are strengthening Coursera’s position as the world’s trusted source for verified learning,” said Coursera CEO Greg Hart.

Coursera pulled off the highest full-year guidance raise of the whole group. The company reported 191 million active customers, up 17.8% year on year. Even though it had a relatively good quarter, the market seems discontent with the results. The stock is down 0.6% since reporting and currently trades at $7.88.

Is now the time to buy Coursera? Access our full analysis of the earnings results here, it’s free for active Edge members.

Best Q3: Roku

With a name meaning six in Japanese because it was the founder's sixth company that he started, Roku makes hardware players that offer access to various online streaming TV services.

Roku reported revenues of $1.21 billion, up 14% year on year, in line with analysts’ expectations. The business had a strong quarter with EBITDA guidance for next quarter exceeding analysts’ expectations and full-year EBITDA guidance exceeding analysts’ expectations.

However, the results were likely priced into the stock as it’s traded sideways since reporting. Shares currently sit at $93.59.

Is now the time to buy Roku? Access our full analysis of the earnings results here, it’s free for active Edge members.

Weakest Q3: Bumble

Started by the co-founder of Tinder, Whitney Wolfe Herd, Bumble is a leading dating app built with women at the center.

Bumble reported revenues of $246.2 million, down 10% year on year, in line with analysts’ expectations. It was a softer quarter as it posted a decline in its buyers and a significant miss of analysts’ number of paying users estimates.

As expected, the stock is down 36.3% since the results and currently trades at $3.46.

Read our full analysis of Bumble’s results here.

Duolingo

Founded by a Carnegie Mellon computer science professor and his Ph.D. student, Duolingo is a mobile app helping people learn new languages.

Duolingo reported revenues of $271.7 million, up 41.1% year on year. This result beat analysts’ expectations by 4.3%. Zooming out, it was a satisfactory quarter as it also logged an impressive beat of analysts’ EBITDA estimates but EBITDA guidance for next quarter missing analysts’ expectations.

Duolingo scored the biggest analyst estimates beat and fastest revenue growth among its peers. The company reported 135.3 million users, up 19.6% year on year. The stock is down 34% since reporting and currently trades at $172.58.

Read our full, actionable report on Duolingo here, it’s free for active Edge members.

Chegg

Started as a physical textbook rental service, Chegg is now a digital platform addressing student pain points by providing study and academic assistance.

Chegg reported revenues of $77.74 million, down 43.1% year on year. This number surpassed analysts’ expectations by 1.9%. Taking a step back, it was a slower quarter as it recorded a decline in its users and a significant miss of analysts’ number of services subscribers estimates.

Chegg had the slowest revenue growth among its peers. The company reported 2.18 million users, down 43% year on year. The stock is up 6.7% since reporting and currently trades at $0.95.

Read our full, actionable report on Chegg here, it’s free for active Edge members.

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Robinhood and Bumble Shares Are Soaring, What You Need To Know

Stock Story

What Happened?

A number of stocks jumped in the afternoon session after renewed enthusiasm for Alphabet reinvigorated the artificial intelligence trade, propelling a market rebound heading into the Thanksgiving holiday. The Nasdaq index jumped 2.6% and the S&P 500 gained 1.6%, driven by a 5% rally in Alphabet following the announcement of its upgraded Gemini 3 AI model. This optimism spilled over into the broader tech sector. The rally built on momentum from the previous trading session, sparked by the New York Fed president keeping the door open for a December interest rate cut.

The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks.

Among others, the following stocks were impacted:

Financial Technology company Robinhood jumped 6.6%. Is now the time to buy Robinhood? Access our full analysis report here, it’s free for active Edge members.
Consumer Subscription company Bumble jumped 6.2%. Is now the time to buy Bumble? Access our full analysis report here, it’s free for active Edge members.

Zooming In On Robinhood (HOOD)

Robinhood’s shares are extremely volatile and have had 60 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.

The previous big move we wrote about was 4 days ago when the stock dropped 9.1% on the news that markets faded the Nvidia rally in the morning session, as investors remained uncertain about future rate cuts.

While the trading day began with significant enthusiasm, pushing the Dow Jones Industrial Average up more than 700 points and the Nasdaq Composite up 2.6%, momentum quickly evaporated as the session wore on. The primary catalyst for this sharp reversal was a stronger-than-expected jobs report, which reduced the implied odds of a December interest rate cut to less than 40%.This macroeconomic anxiety overshadowed stellar corporate performance. Nvidia initially surged 5% on blockbuster earnings and CEO Jensen Huang's bullish outlook on "off the charts" demand for Blackwell chips. However, the stock eventually turned negative, acting as a heavy weight that dragged the broader indices into the red. The sell-off partly reflects a deepening caution regarding high-flying tech valuations in a "higher-for-longer" rate environment. Consequently, investors appeared to rotate capital away from volatile growth sectors and toward defensive staples, evidenced by Walmart's 6% gain following its own earnings beat. Ultimately, the market could not sustain the morning's euphoria, as traders prioritized rate realities over AI potential.

Robinhood is up 193% since the beginning of the year, but at $115.63 per share, it is still trading 24.2% below its 52-week high of $152.46 from October 2025. Investors who bought $1,000 worth of Robinhood’s shares at the IPO in July 2021 would now be looking at an investment worth $3,321.

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Access Advance Applauds Historic Preliminary Injunction in German HEVC Enforcement Action Against Roku

Acceswire

Roku Inc.

+5.90%

BOSTON, MA / ACCESS Newswire / November 24, 2025 / Access Advance LLC today announced that one of its Licensors, Dolby International AB, has obtained a historic preliminary injunction from the Landgericht München I, or Munich I Regional Court, against Roku, Inc. and Roku International B.V. ("Roku").

The injunction for infringement of EP 2 777 270, a patent essential to the HEVC/H.265 video coding standard, is believed to be the first preliminary injunction ever granted on a standard-essential patent, or SEP, in Germany — and the first such ruling in Europe.

"Today's ruling reflects the strength of our Licensors' HEVC portfolios and the importance of respecting patent rights in global markets," said Peter Moller, CEO of Access Advance. "This outcome reinforces why efficient licensing platforms like Access Advance exist — to ensure fair competition, broad access to essential technologies, and reduced litigation for the entire industry."

Multiple Access Advance Licensors have initiated claims against Roku for infringing HEVC patents since May 2024. Dolby's preliminary injunction follows its June 2025 motion seeking interim relief and reflects the Munich court's determination that an immediate injunction was warranted.

The preliminary injunction represents a breakthrough in SEP enforcement in Europe. In this case, Roku's pursuit of anti-suit relief and an interim license in a U.S. court combined with a recent ruling by the German Federal Court of Justice upholding the asserted patent's validity opened the window for urgent action by Dolby. While the Munich court has not published the grounds for its judgment yet, the fact that an injunction was issued demonstrates that the court considered Roku unwilling to take a license. Roku can appeal the decision.

Three court systems globally have granted preliminary injunctions based on infringement of SEPs, with Germany following earlier rulings in Brazil and Colombia. These decisions underscore the seriousness with which courts may respond when an implementer refuses to engage constructively in FRAND licensing negotiations.

"Access Advance patent pools exist to promote innovation and reduce licensing costs and litigation by allowing companies to obtain licenses to the essential patents of multiple Licensors through a single agreement," Moller said. "By making essential technologies widely and efficiently accessible, patent pools enable broader industry-wide standardization. That benefits consumers through increased device interoperability and innovation."

Dolby was represented by Bardehle Pagenberg.

###

About Access Advance

Access Advance LLC is an independent licensing administrator company formed to lead the development, administration, and management of patent pools for licensing essential patents of the most important video codec technologies. Access Advance provides a transparent and efficient licensing mechanism for both patent owners and patent implementers.

Access Advance manages and administers the HEVC Advance Patent Pool for licensing over 29,000 patents essential to HEVC/H.265 technology and the VVC Advance Patent Pool for licensing over 4,500 patents essential to VVC/H.266 technology. The company's Multi-Codec Bridging Agreement provides eligible licensees with a single discounted royalty rate structure for licensees participating in both the HEVC Advance and VVC Advance pools. In addition, Access Advance offers the Video Distribution Patent Pool, a comprehensive licensing solution for video streaming services covering HEVC, VVC, VP9, and AV1 codecs. For more information, please visit: www.accessadvance.com.

Media Contact:

Meredith Hollander

Director, Strategic Communications

Access Advance LLC

Email: press@accessadvance.com

Website: www.accessadvance.com

Licensing Inquiries:

Email: licensing@accessadvance.com

SOURCE: Access Advance

View the original press release on ACCESS Newswire

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Grindr Ends Talks On $3.46 Billion Take-Private Bid Over Financing Uncertainty

Reuters

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Dj Bumble Inc Cl A, Inst Holders, 3Q 2025 (Bmbl)

Reuters

Bumble

-3.09%

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Bumble and Coursera Stocks Trade Up, What You Need To Know

Stock Story

What Happened?

A number of stocks jumped in the afternoon session after comments from a key Federal Reserve official bolstered hopes for an interest rate cut. New York Federal Reserve President John Williams stated he sees “room for a further adjustment” in the near term, sparking a significant market rally. Following his remarks, the probability of the central bank cutting rates at its December meeting jumped from 39% to over 73%, according to the CME FedWatch tool. This positive sentiment provided relief to markets amid concerns over high valuations, particularly in AI-related stocks.

The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks.

Among others, the following stocks were impacted:

Consumer Subscription company Bumble jumped 3.6%. Is now the time to buy Bumble? Access our full analysis report here, it’s free for active Edge members.
Consumer Subscription company Coursera jumped 3.7%. Is now the time to buy Coursera? Access our full analysis report here, it’s free for active Edge members.

Zooming In On Coursera (COUR)

Coursera’s shares are very volatile and have had 20 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.

The previous big move we wrote about was 28 days ago when the stock dropped 12.9% on the news that its weak fourth-quarter profitability forecast overshadowed an otherwise strong third-quarter earnings report. The company surpassed market expectations for its third quarter, reporting revenue of $194.2 million and an adjusted EPS of $0.10, both beating analyst estimates. Additionally, Coursera's revenue guidance for the upcoming fourth quarter was better than expected at $191 million at the midpoint. However, investors focused on the company's weaker outlook for profitability. Coursera's guidance for fourth-quarter adjusted EBITDA, a key measure of profitability, was $8.5 million at the midpoint, well below the consensus estimate of $10.17 million. This shortfall suggested potential pressure on margins, spooking investors and leading to a significant sell-off despite the positive top-line performance.

Coursera is down 3.7% since the beginning of the year, and at $8.17 per share, it is trading 35.7% below its 52-week high of $12.70 from August 2025. Investors who bought $1,000 worth of Coursera’s shares at the IPO in March 2021 would now be looking at an investment worth $181.56.

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