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.
Devin Au
KeyBanc Capital Markets Inc.
4 questions for UDMY
Also covers: APPN, CHGG, INST +4 more
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
Nafeesa Gupta
Bank of America
2 questions for UDMY
Also covers: COUR, TRIP
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
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
Curtis Nagle
Bank of America
1 question for UDMY
Also covers: ACVA, BMBL, CHWY +12 more
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 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
Udemy Reports Strong Q3 2025 Results, Raises Full-Year Adjusted EBITDA Guidance
UDMY
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Udemy (UDMY) reported Q3 2025 revenue of $196 million, exceeding guidance, and achieved $24 million in adjusted EBITDA, representing a 12% margin.
- Consolidated subscription revenue grew 8% year over year to $144 million, now accounting for 74% of total revenue, reflecting a strategic pivot to a subscription-first model.
- The consumer segment demonstrated strong momentum, with paid subscribers reaching nearly 295,000 (exceeding the year-end target) and subscription revenue increasing an impressive 43% year over year.
- The company raised its full-year 2025 adjusted EBITDA guidance to $92 to $94 million and anticipates consolidated subscription revenue growth in 2026 to be closer to double digits.
- Strategic investments are focused on AI-driven platform enhancements, personalization, and partnerships to build a more predictable, higher-value business, accepting a short-term headwind on consumer revenue from the accelerated subscription pivot.
Oct 29, 2025, 9:00 PM
Udemy Exceeds Q3 2025 Expectations with Strong Subscription Growth and Positive Free Cash Flow
UDMY
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Udemy reported Q3 2025 revenue of $195.7 million, surpassing expectations, with Adjusted EBITDA of $24.3 million (a 12% margin) and positive free cash flow of $12.1 million for the quarter.
- Consolidated subscription revenue increased 8% year-over-year to $143.9 million in Q3 2025, representing 74% of total revenue, and the company exceeded its FY25 target with nearly 295,000 paid consumer subscribers.
- For Full Year 2025, Udemy projects revenue between $787 million and $790 million and Adjusted EBITDA between $92 million and $94 million.
- The company continues to advance its AI initiatives, with nearly 13,000 AI Role Play simulations created and over 14 million AI course enrollments to date across 5,000+ GenAI courses.
Oct 29, 2025, 9:00 PM
Udemy Reports Strong Q3 2025 Results with Increased Profitability and Subscriber Growth
UDMY
Earnings
Guidance Update
Share Buyback
- For the three months ended September 30, 2025, Udemy reported revenue of $195.7 million and a net income of $1.6 million, a significant improvement compared to a net loss of $(25.3) million in the prior year period.
- Adjusted EBITDA for Q3 2025 was $24.3 million, with an Adjusted EBITDA Margin of 12%, up from 6% in Q3 2024.
- The company ended Q3 2025 with 294,000 paid consumer subscribers, an 88% increase year-over-year, surpassing its full-year target early.
- Udemy provided Q4 2025 revenue guidance of $191 to $194 million and Adjusted EBITDA guidance of $18 to $20 million.
- The company repurchased approximately 4.1 million Udemy shares as part of its $50 million stock repurchase program.
Oct 29, 2025, 8:08 PM
Udemy Inc. Details Strategic Pivot to AI and Subscription Growth
UDMY
New Projects/Investments
Revenue Acceleration/Inflection
M&A
- Udemy is undergoing a significant strategic pivot, transforming from an online content catalog to an AI-enabled skill acceleration platform.
- The company is seeing strong demand in its enterprise segment, driven by new AI SKUs and products like the MCP server and AI-powered role plays, contributing to large deal wins.
- The consumer business is being revitalized with a new dedicated team and a focus on subscriptions, which experienced 60% year-over-year growth in July and is projected to exceed 250,000 subscribers by year-end.
- Udemy maintains a strong financial position with almost $400 million in cash and a $200 million revolver, supporting a prudent M&A strategy focused on accelerating its AI platform and market expansion.
Aug 12, 2025, 1:55 PM
Udemy Reports Second Quarter 2025 Results
UDMY
Earnings
CEO Change
Guidance Update
- Udemy achieved GAAP profitability in Q2 2025, reporting a net income of $6.3 million and an Adjusted EBITDA of $28.4 million, which represents a 1,100 basis point expansion year-over-year.
- Total revenue for Q2 2025 increased 3% year-over-year to $199.9 million, with the Enterprise segment revenue growing 7% to $129.3 million.
- The company provided a financial outlook for Q3 2025, projecting revenue between $190 million and $195 million, and for the full year 2025, projecting revenue between $784 million and $794 million.
- CEO Hugo Sarrazin stated that the second quarter results mark an inflection point in Udemy's evolution, delivering GAAP profitability and establishing a foundation for accelerated growth.
Jul 30, 2025, 8:05 PM
Udemy Announces New CTO Appointment and Leadership Transition
UDMY
Management Change
Hiring
- Ozzie Goldschmied has been appointed as Chief Technology Officer, tasked with accelerating Udemy’s product roadmap and advancing its transformation into an AI-powered platform.
- Founder Eren Bali is transitioning from CTO to a newly created role as Head of Innovation, focusing on breakthrough product vision and AI advancement.
Jun 11, 2025, 12:00 AM
Udemy Secures $200 Million Revolving Credit Facility
UDMY
Debt Issuance
- On May 30, 2025, Udemy, Inc. entered into a credit agreement for a five-year senior secured $200 million revolving loan facility with Citibank, N.A. serving as administrative agent.
- The agreement includes $10 million sublimits for letters of credit and swingline borrowings, with an option to increase the commitments by up to $100 million subject to conditions.
Jun 3, 2025, 12:00 AM
Udemy Focuses on AI-Driven Subscription Model and Enterprise Growth
UDMY
Product Launch
New Projects/Investments
Revenue Acceleration/Inflection
- Executive Overview: Hugo Sarrazin detailed his extensive tech experience and outlined Udemy’s strategic shift towards personalized, AI-enabled learning solutions aimed at enhancing both consumer and enterprise experiences.
- Subscription Strategy & Enterprise Growth: The discussion emphasized a pivot from one-off transactions to a subscription model, highlighting growing enterprise revenue (currently at 9% growth) and tailored segmentation to boost ROI.
- AI Product Enhancements: The call noted significant investments in AI-driven product features, such as role plays, labs, and personalized learning paths, designed to improve engagement and learning outcomes.
May 14, 2025, 12:41 PM
Udemy Inc Reports Strong Q1 2025 Results
UDMY
Earnings
Revenue Acceleration/Inflection
New Projects/Investments
- Revenue and EBITDA Growth: Q1 revenue surpassed $200 million with adjusted EBITDA of $21 million, demonstrating strong margin expansion and effective cost control.
- Business Performance Metrics: Udemy Business ARR reached $519 million (up 8% YoY) and subscription revenue now constitutes 68% of total revenue, highlighting a transformative shift in revenue mix.
- Strategic Focus on AI and Reskilling: The company is accelerating its transformation to an AI-powered reskilling platform, launching initiatives like Career Accelerators and enhanced role play features to drive enterprise and consumer engagement.
- Operational Efficiency: Restructuring efforts in late 2024 and implementation of $50 million in annualized cost savings have positioned Udemy for sustained margin improvement during this transition year.
Apr 30, 2025, 9:01 PM
Quarterly earnings call transcripts for Udemy.
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