Udemy, Inc. (UDMY) came out with quarterly earnings of $0.02 per share, beating the Zacks Consensus Estimate of a loss of $0.02 per share. This compares to loss of $0.16 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 200%. A quarter ago, it was expected that this company would post a loss of $0.02 per share when it actually produced earnings of $0.05, delivering a surprise of 350%.Over the last four quarters, the company has ...

SAN FRANCISCO, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Udemy (NASDAQ:UDMY), a leading online skills marketplace and learning platform, today announced its Board of Directors approved a share repurchase program, authorizing the purchase of up to $100 million of the Company's common stock, effective immediately. "This share repurchase program underscores the confidence that our Board and management team have in our business and the future of Udemy, and reinforces our commitment to deliver returns for Udemy sharehol ...

Key PointsThe private education industry just saw its first boom for the quarter, potentially jumping into a newfound trend.There is more than one reason to consider Udemy a winner in this space; markets agree.Analysts boosted their targets, and markets are on board with a triple-digit growth story.5 stocks we like better than CourseraSome industries have been overdue for reform for a few years – more like decades, and private education is one of them. The curriculums and teachings that used to work may no ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Udemy, Inc. (UDMY) reports results for the quarter ended December 2023. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on February 1 ...

SAN FRANCISCO, Jan. 09, 2024 (GLOBE NEWSWIRE) -- Udemy (NASDAQ:UDMY), a leading online skills marketplace and learning platform, today announced its inclusion on Built In's prestigious annual list of Best Places to Work, ranking no. 17 on this year's list of top U.S. employers. For the second consecutive year, Udemy was recognized as an employer of choice across all of its regional office hubs, taking home a total of eight Built In Best Places to Work awards. "At Udemy, we are dedicated to transforming live ...

da-kuk/E+ via Getty Images Synopsis Udemy (NASDAQ:UDMY) is an online learning platform that offers a wide array of courses across various disciplines, catering to both individual learners and corporate clients. UDMY’s historical financials have shown robust revenue growth as it continues to grow at double-digit rates. Over the years, net loss has been contracting except for 2022, where it slightly expanded due to rising expenses. However, its debt level and interest expense are healthy, so there is a lo ...

SAN FRANCISCO, Jan. 02, 2024 (GLOBE NEWSWIRE) -- Udemy (NASDAQ:UDMY), a leading online skills marketplace and learning platform, today announced that Chief Executive Officer Greg Brown and Chief Financial Officer Sarah Blanchard will participate in a fireside chat session during Needham's 2024 Annual Growth Conference. On Tuesday, January 16, 2024 at 7:15 a.m. PT / 10:15 a.m. ET, a live webcast of the fireside chat discussion will be available through the "Events & Presentations" section of Udemy's investor ...

Financial Data and Key Metrics Changes - Udemy Business revenue increased by 30% year-over-year to $109 million, while consumer revenue saw a modest increase of 1% [7][36] - Annual recurring revenue (ARR) reached $443 million, reflecting a 26% year-over-year growth [36] - Adjusted EBITDA was approximately $8 million, marking a 1,200 basis point expansion year-over-year [43] - The company ended the quarter with $483 million in cash and equivalents, and free cash flow was positive at $9 million [44] Business Line Data and Key Metrics Changes - Udemy Business ARR grew by 26% year-over-year, with a notable increase in large customer net dollar retention rate at 114% [8][36] - The consumer marketplace added nearly 3 million learners, totaling 67 million, an 18% year-over-year increase [38] - The number of customers spending over $100,000 in ARR increased by 37% from the previous year [37] Market Data and Key Metrics Changes - Strong demand was noted in North America and Asia Pacific regions, with EMEA experiencing some softness due to geopolitical tensions [37][47] - The demand for generative AI-related content surged, with over 1,500 courses and more than 2.5 million learner enrollments [22] Company Strategy and Development Direction - The company is focusing on skills-based transformation strategies to capitalize on the growing demand for upskilling and reskilling [15][18] - Strategic partnerships, such as with Docker and AWS, are expected to enhance market reach and drive growth [25][26] - Udemy plans to invest in product innovation and brand awareness to capture increasing demand in the skills-based economy [24][51] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism for 2024, noting delays in decision-making from customers and geopolitical pressures in EMEA [47][48] - The long-term opportunity remains significant, with a focus on operational excellence to navigate current challenges [48] - The company anticipates a revenue range of $723 million to $726 million for the full year 2023, reflecting a 15% year-over-year growth at the midpoint [46] Other Important Information - The company announced adjustments to instructor revenue share, gradually reducing the share for subscription revenue from 25% to 15% over three years [49][52] - The gross margin for Q3 was 60%, a 200 basis point improvement from the previous year, driven by the revenue mix shift towards Udemy Business [41] Q&A Session Summary Question: Instructor revenue share adjustments - The changes will apply to all subscription-based courses starting January 1, 2024, and funds will be reinvested to grow the business [58][59] Question: Demand environment in B2B - There is a healthy mix of net new customers and existing customer upsells, with significant interest in skills-based training [61][67] Question: Consumer segment profitability - The consumer business is expected to remain flat in the short term, but long-term growth is anticipated through new features like badging and certification [85][87] Question: Initial instructor response to payout changes - Mixed reactions were noted, but many instructors recognized the potential for long-term growth following previous changes [91][95] Question: Sales cycle improvements - Sales cycle velocity has improved in some sectors, particularly in enterprise segments, although SMB remains impacted by macroeconomic conditions [99][100]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission File Number 001-40956 Udemy, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware ...

Investor Presentation Q2 2023 1 Safe Harbor Notice This presentation and any accompanying oral commentary include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements other than those of historical fact, including information concerning our future operating results and financial position, anticipated future expenses and investments, business strategies and plans, market growth, market position and potential m ...