secwatch.observer — SEC 8-K summary
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Issuer:     Udemy, Inc. (UDMY)
CIK:        0001607939
Form:       8-K
Filed at:   2023-02-14T23:59:59+00:00
Accession:  0001607939-23-000025
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 2.05, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1607939/000160793923000025/0001607939-23-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1607939/000160793923000025/udmy-20230214.htm
  HTML page:      https://secwatch.observer/filing/0001607939-23-000025

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer