Jeff Meuler's questions to Udemy (UDMY) leadership • Q1 2025
Question
Jeff Meuler from Baird asked about the company's partnership strategy, particularly regarding opportunities with HCM SaaS providers and other historically underexploited partner categories.
Answer
CEO Hugo Sarrazin described his vision for an expansive partner ecosystem that includes HCM providers but also extends to a rich network of 'sell through' and 'sell with' partners. He sees this as a significant, largely untapped opportunity to increase platform stickiness and value. However, he cautioned that building this ecosystem will take time, with material impact not expected until 2026 or later.