Coursera, Inc. (NYSE:COUR) Q1 2024 Earnings Call Transcript

So partially on the LTV, you’ll see increases, but a lot of it is a function, again, per capita GDP. And there’s more opportunity for us to close that gap from a value-add standpoint internationally just because we haven’t done these things historically. So, you’ll see a little bit of both we expect.

Brett Knoblauch: Perfect. And then if I could just have one more. On the consumer side, I guess, how much of the revised consumer guidance is attributed to the delayed content versus anything else like could it be macro starting to impact consumers’ budgets and with inflation continuing to be high, is that affecting maybe the demand funnel?

Ken Hahn: Yes. It is both, Brett, to your question. So, there was a general slowdown in the conversion. We can see some of that as a result of the delayed content launch and particularly the effect of less marketing dollars going against that content launches. Against a little bit to your previous question, our highest performing, highest value region from a consumer standpoint. And so, it is both and we haven’t broken out the attribution that’s hard to understand exactly between the two, but it’s an element of both. But it has the slowdown at the beginning of the year around the marketing affects conversion and run rate for the rest of the year, of course, because it’s a building both conversion — the programs build over the first couple of months. And so, by delaying that, it’s — we lose that for the year.

Cam Carey: That wraps today’s Q&A. A replay of this webcast will be available on our Investor Relations website, along with the transcript in the next 24 hours. We appreciate you joining us.

Operator: This concludes today’s conference call. You may now disconnect.