Udemy Q3 revenue $158.4M (+22% YoY); net loss widens to $46.7M; UB segment up 67%

Udemy, Inc.

2022-Q3 EPS reported -$0.73 revenue$463,767,000

Total revenue $158.4M (+22% YoY); FX headwind of 5pp. Udemy Business revenue $83.9M (+67% YoY).
GAAP net loss $46.7M vs $9.3M loss in prior year; Adjusted EBITDA loss $12.9M vs $1.6M profit.
Udemy Business ARR $350M (+69% YoY) with Net Dollar Retention 117%; total customers 13,437 (+40%).
Consumer revenue fell 6% YoY to $74.6M; Monthly Average Buyers flat at 1.32M (+4%).
No specific forward guidance provided; company cites macro headwinds but remains bullish long term.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Udemy, Inc. reported the quarter ended September 30, 2022 results: revenue $158.4 million, net income $ (46.7).

Period: the quarter ended September 30, 2022
Revenue: $158.4 million
Net income: $ (46.7)
Result: reported results

Exact text from the filing

language contained in such filing. --- EX-99.1 (EX-99.1) --- Udemy Reports Third Quarter 2022 Results Third-quarter total revenue increased 22% year-over-year to $158.4 million Udemy Business delivered 67% year-over-year revenue growth and achieved Annual Recurring Revenue of $350 million San Francisco, CA / November 2, 2022 / (GLOBENEWSWIRE) / - Udemy

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Udemy, Inc. filing history →

Source: SEC EDGAR

accession 0001607939-22-000116

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