Udemy Q1 revenue $176.4M (+16% YoY) beats guidance; UB ARR $396M (+42%); SVP Mkting resigns

Udemy, Inc.

2023-Q1 EPS reported -$0.31 revenue$176,430,000

Total revenue $176.4M, up 16% YoY, exceeding guidance; enterprise segment revenue $95.2M (+47% YoY).
Net loss widened to $44.5M from $25.6M; adjusted EBITDA loss narrowed to $6.3M from $7.0M.
Udemy Business ARR grew 42% to $396.0M; total customers reached 14,359, up 24% YoY.
SVP Marketing Llibert Argerich resigns effective May 31, 2023; no disagreement; consulting agreement through Dec 2023.

item 2.02 item 5.02 item 9.01

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Departed

Llibert Argerich

Senior Vice President, Marketing

UDMY · Udemy, Inc.

Effective: 2023-05-31
Filed: May 3, 2023, 7:59 PM ET

On April 28, 2023, Llibert Argerich, the Company's Senior Vice President, Marketing, notified the Company of his resignation, effective May 31, 2023.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Udemy, Inc. reported the three-month period ended March 31, 2023 results: revenue $176.4 million.

Period: the three-month period ended March 31, 2023
Revenue: $176.4 million
Result: reported results

Exact text from the filing

priorities, including certification, AI and personalization.” First quarter 2023 financial performance highlights include: • Total revenue increased 16% year-over-year to $176.4 million and exceeded the high end of the guidance range for the quarter. Revenue growth includes a negative impact of 5 percentage points from changes in foreign exchange (FX) rates

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Executive change SEC 8-K Item 5.02 confidence 0.95

Llibert Argerich resigned as Senior Vice President, Marketing at Udemy, Inc..

Action: resigned
Role: Senior Vice President, Marketing

Exact text from the filing

On April 28, 2023, Llibert Argerich, the Company's Senior Vice President, Marketing, notified the Company of his resignation, effective May 31, 2023.

View on SEC.gov

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Udemy, Inc. filing history →

Source: SEC EDGAR

accession 0001607939-23-000079

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