---
schema_version: "secwatch.filing_event.v1"
accession: "0001607939-23-000025"
form_type: "8-K"
ticker: "UDMY"
cik: "0001607939"
company_name: "Udemy, Inc."
filed_at: "2023-02-14T23:59:59+00:00"
generated_at: "2026-06-19T13:49:56.679473+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Udemy Q4 revenue up 22% to $165.3M; cuts 10% of workforce for profitability

## Summary
- Total revenue $165.3M (+22% YoY); Udemy Business revenue $90.6M (+57%).
- GAAP net loss $52.2M, adjusted EBITDA -$20.2M (negative 12% of revenue).
- Reducing workforce ~10%, expects $8-9M non-GAAP severance charge in Q1 2023.
- Annualized non-GAAP savings of ~$30-32M; targets adjusted EBITDA profitability in H2 2023.
- UB ARR $371.7M (+55% YoY); Net Dollar Retention 115%; Large Customer NDR 123%.

## SEC filing metadata
- accession: 0001607939-23-000025
- form_type: 8-K
- ticker: UDMY
- cik: 0001607939
- company_name: Udemy, Inc.
- filed_at: 2023-02-14T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 2.05, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1607939/000160793923000025/0001607939-23-000025-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1607939/000160793923000025/udmy-20230214.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001607939-23-000025
- JSON: https://secwatch.observer/filing/0001607939-23-000025.json
- Plain text: https://secwatch.observer/filing/0001607939-23-000025.txt

## Key facts
- Earnings Releases
  Udemy, Inc. reported quarter ended December 31, 2022 results: revenue $165.3 million, net income GAAP Net Loss $(52.2).
  - Period: quarter ended December 31, 2022
  - Revenue: $165.3 million
  - Net income: GAAP Net Loss $(52.2)
  - Result: reported results
  source text: a profitable second half of 2023 on an adjusted EBITDA basis.” Fourth quarter 2022 financial performance highlights include: • Total revenue increased 22% year-over-year to $165.3 million. Revenue growth includes a negative impact of 4 percentage points from changes in foreign exchange (FX) rates year-over-year. • Enterprise segment, or Udemy Business, revenue
  evidence_url: https://www.sec.gov/Archives/edgar/data/1607939/000160793923000025/0001607939-23-000025-index.htm
- Restructurings & Charges
  Udemy, Inc. announced a restructuring with charges of between $9 million and $11 million affecting global workforce (approximately 10% of the Company’s global workforce).
  - Type: restructuring
  - Charge: between $9 million and $11 million
  - Affected area: global workforce
  - Headcount: approximately 10% of the Company’s global workforce
  source text: current macroeconomic environment and create a more streamlined organization to support its business. As a result, the Company expects to recognize restructuring charges between $9 million and $11 million in the first quarter of 2023, primarily consisting of personnel expenses such as salaries and wages, one-time severance payments, and other benefits. Cash
  evidence_url: https://www.sec.gov/Archives/edgar/data/1607939/000160793923000025/0001607939-23-000025-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.