Udemy Q2 revenue $178.2M (16% YoY); Udemy Business revenue tops $100M; first positive adjusted EBITDA

Udemy, Inc.

2023-Q2 EPS reported -$0.48 revenue$354,670,000

Total revenue $178.2M (+16% YoY), beating guidance high end by $4M.
Udemy Business revenue $101.6M (+36% YoY); ARR $420.4M (+33%).
First positive adjusted EBITDA of $1.9M; net loss improved to $25.7M from $29.4M.
Launched Badging and Integrated Skills Framework for identifying workforce skills gaps.
Cash, equivalents, marketable securities $469M; total enterprise customers 14,946 (+19%).

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Udemy, Inc. updated its the quarter ended June 30, 2023 guidance (reaffirmed).

Period: the quarter ended June 30, 2023
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On August 3, 2023, Udemy, Inc. (the “Company”) issued a press release announcing its financial results for the quarter ended June 30, 2023.

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Udemy, Inc. filing history →

Source: SEC EDGAR

accession 0001607939-23-000146

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