Earnings summaries and quarterly performance for Udemy.
Executive leadership at Udemy.
Board of directors at Udemy.
Research analysts who have asked questions during Udemy earnings calls.
DA
Devin Au
KeyBanc Capital Markets Inc.
4 questions for UDMY
Also covers: APPN, CHGG, INST +4 more
JB
Josh Baer
Morgan Stanley
4 questions for UDMY
Also covers: ASAN, BIGC, BOX +16 more
Ryan MacDonald
Needham & Company
4 questions for UDMY
Also covers: ACCD, AMWL, BNED +17 more
Yi Fu Lee
Cantor Fitzgerald
4 questions for UDMY
Also covers: COUR, CSGS, DCBO +4 more
Jason Tilchen
Canaccord Genuity Group Inc.
3 questions for UDMY
Also covers: ARBK, BOWL, DKNG +4 more
NG
Nafeesa Gupta
Bank of America
2 questions for UDMY
Also covers: COUR, TRIP
NH
Noah Herman
JPMorgan Chase & Co.
2 questions for UDMY
Also covers: DT, FRSH, INST +1 more
Stephen Sheldon
William Blair & Company
2 questions for UDMY
Also covers: AGYS, ALRM, APEI +11 more
TT
Terrell Tillman
Truist Securities
2 questions for UDMY
Also covers: , FIVN, INST +17 more
Connor Passarella
Truist Securities, Inc.
1 question for UDMY
Also covers: INST, NCNO, OLO +2 more
CN
Curtis Nagle
Bank of America
1 question for UDMY
Also covers: ACVA, BMBL, CHWY +12 more
JT
Jason Tilton
Canaccord Genuity Inc.
1 question for UDMY
Jeff Meuler
Robert W. Baird & Co.
1 question for UDMY
Also covers: EFX, FICO, IT +3 more
Patrick McIlwee
William Blair
1 question for UDMY
Also covers: CWK, LRN, LZ +1 more
Steven Pawlak
Baird
1 question for UDMY
Also covers: ATGE, KLC, LOPE
Recent press releases and 8-K filings for UDMY.
Udemy Proposed Sale Under Investigation
UDMY
M&A
Legal Proceedings
Takeover Bid
- Kahn Swick & Foti, LLC (KSF) is investigating the proposed sale of Udemy, Inc. (NasdaqGS: UDMY) to Coursera, Inc. (NYSE: COUR).
- Under the terms of the proposed transaction, Udemy shareholders will receive 0.800 shares of Coursera common stock for each share of Udemy they own.
- KSF is seeking to determine whether the consideration and the process in the proposed sale are adequate.
Dec 19, 2025, 5:54 PM
Udemy, Inc. Enters Merger Agreement with Coursera, Inc.
UDMY
M&A
- Udemy, Inc. entered into a Merger Agreement with Coursera, Inc. and Chess Merger Sub, Inc. on December 17, 2025.
- Upon the effective time of the merger, Udemy will survive as a wholly owned subsidiary of Coursera.
- Each outstanding share of Udemy Common Stock will be converted into the right to receive 0.800 shares of Coursera Common Stock.
- Both the Udemy Board and the Coursera Board have unanimously approved the Merger Agreement and recommended the transaction to their respective stockholders.
- Certain Udemy Stockholders and Coursera Stockholders have entered into Voting Agreements to support the merger, which was a material inducement and condition for the Merger Agreement.
Dec 18, 2025, 2:20 AM
Coursera and Udemy Announce Combination
UDMY
M&A
Share Buyback
New Projects/Investments
- Coursera has entered into a definitive agreement to combine with Udemy, aiming to create a leading technology platform for skills discovery, development, and mastery.
- The all-stock transaction will result in existing Coursera shareholders owning approximately 59% and Udemy shareholders approximately 41% of the combined company, with Udemy stockholders receiving 0.8 shares of Coursera Common Stock for each Udemy share.
- The combined entity is projected to have an annual revenue run rate exceeding $1.5 billion and a trailing 12-month pro forma adjusted EBITDA of over $150 million (10% margin) before synergies.
- $115 million in annualized run rate cost synergies have been identified, expected to be fully realized within 24 months of closing.
- The transaction is anticipated to close by the second half of 2026, and Coursera plans a sizable share repurchase program post-close.
Dec 17, 2025, 1:00 PM
Udemy and Coursera Announce Business Combination
UDMY
M&A
- Udemy, Inc. and Coursera, Inc. have announced a proposed business combination, which will be a tax-free, stock-for-stock transaction.
- Each Udemy share will be exchanged for 0.800 Coursera shares, resulting in pro-forma ownership of approximately 59% for Coursera shareholders and 41% for Udemy shareholders.
- The transaction is anticipated to close by the second half of 2026, subject to shareholder and regulatory approvals.
- The combined company is projected to have a total revenue of $1,536 million and Adjusted EBITDA of $155 million for the last twelve months ended September 30, 2025, with anticipated annual run-rate cost synergies of $115 million within 24 months of closing.
- The combined entity will operate under the name Coursera, Inc. (NYSE: COUR), with Greg Hart as CEO and Andrew Ng serving as Chairman of the 9-member Board of Directors.
Dec 17, 2025, 1:00 PM
Coursera and Udemy Announce Combination
UDMY
M&A
New Projects/Investments
Share Buyback
- Coursera has entered into a definitive agreement to combine with Udemy in an all-stock transaction. Upon closing, existing Coursera shareholders are expected to own approximately 59% and Udemy shareholders approximately 41% of the combined company on a fully diluted basis.
- The combined company is projected to have a pro forma annual revenue run rate exceeding $1.5 billion and more than $150 million of adjusted EBITDA (representing a 10% adjusted EBITDA margin) on a trailing 12-month basis, before synergies.
- The transaction is expected to generate $115 million of annualized run rate cost synergies, which are anticipated to be fully realized within 24 months of closing, primarily from operational efficiencies.
- The strategic rationale for the combination includes creating a leading technology platform for skills, accelerating AI-native innovation, and enhancing global reach. The transaction is expected to close by the second half of 2026.
Dec 17, 2025, 1:00 PM
Coursera and Udemy Announce Definitive Agreement to Combine
UDMY
M&A
New Projects/Investments
Share Buyback
- Coursera and Udemy have entered into a definitive agreement to combine, forming a company with a pro forma annual revenue run rate exceeding $1.5 billion over the last 12 months.
- The all-stock transaction is structured so that existing Coursera shareholders will own approximately 59% and Udemy shareholders approximately 41% of the combined company on a fully diluted basis.
- On a trailing 12-month pro forma basis, the combined company is expected to generate a gross margin of just over 60% and adjusted EBITDA exceeding $150 million (a 10% margin), before accounting for $115 million of identified annualized run rate cost synergies expected within 24 months of closing.
- The transaction is anticipated to close by the second half of 2026, pending shareholder and regulatory approvals, with Coursera planning a sizable share repurchase program post-close.
Dec 17, 2025, 1:00 PM
Coursera and Udemy Announce Definitive Merger Agreement
UDMY
M&A
Revenue Acceleration/Inflection
Share Buyback
- Coursera, Inc. and Udemy, Inc. entered into a definitive all-stock merger agreement on December 17, 2025, under which Udemy will become a wholly owned subsidiary of Coursera.
- The transaction implies an equity value of approximately $2.5 billion, with existing Coursera stockholders expected to own approximately 59% and Udemy stockholders approximately 41% of the combined company.
- Udemy stockholders will receive 0.800 shares of Coursera common stock for each share of Udemy common stock, representing a 26% premium to Udemy's average closing price over the last 30 trading days prior to the announcement.
- The combined company is projected to have pro forma annual revenue of more than $1.5 billion and anticipates $115 million in annual run-rate cost synergies within 24 months of closing.
- The merger is expected to close by the second half of 2026, subject to regulatory and shareholder approvals.
Dec 17, 2025, 12:45 PM
Udemy Partners with LG CNS to Expand AI-Powered Learning in Korea
UDMY
New Projects/Investments
Product Launch
- Udemy (Nasdaq: UDMY) has partnered with LG CNS, a leading AI transformation company in Korea, to expand its AI-powered skills acceleration platform into the Korean corporate learning market.
- This strategic collaboration provides Udemy access to LG CNS's distribution network, which includes over 500 enterprise clients and millions of professionals, addressing the critical need for workforce upskilling in AI.
- The partnership aims to accelerate AI adoption and skills development across various industries in Korea, positioning Udemy to capitalize on the Korean AI market, which is projected to grow to over $53 billion by 2032.
Dec 15, 2025, 4:00 PM
Udemy Launches AI Microlearning and Instructor Tools, Partners with Workera
UDMY
Product Launch
New Projects/Investments
- On December 15, 2025, Udemy announced the phased rollout of a new AI-powered microlearning experience designed to evolve skills development and expand how instructors teach on its platform.
- Udemy unveiled new instructor-focused offerings at its semiannual Front Row event on December 12, 2025, reinforcing the essential role of human expertise in an AI-reshaped era.
- On December 11, 2025, Udemy formed a strategic partnership with Workera, an AI-powered skills verification platform, to provide organizations with a unified, data-driven way to understand workforce capabilities and identify skill gaps.
Dec 15, 2025, 2:25 PM
Udemy Reports Q3 2025 Financial Results and Guidance
UDMY
Earnings
Guidance Update
Demand Weakening
- Udemy reported strong third-quarter 2025 results, with revenue reaching $195.7 million and a positive net income of $1.6 million, reversing a prior loss. Adjusted EBITDA increased significantly by 110%, achieving a 12.4% margin.
- The company's strategic shift to a subscription-first model drove an 88% surge in paid consumer subscribers, reaching 294,000 and surpassing the full-year target. The enterprise segment also saw a 4% increase in annual recurring revenue.
- Despite beating revenue estimates for Q3 2025, Udemy's guidance for the next quarter projects a 3.7% year-over-year decline in sales, and analysts expect only 1.2% revenue growth over the next 12 months.
- The free cash flow margin declined to 6.2% in Q3 2025 from 19.5% in the previous quarter, indicating decreased cash generation efficiency.
Oct 30, 2025, 2:37 AM
Quarterly earnings call transcripts for Udemy.
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