---
schema_version: "secwatch.filing_event.v1"
accession: "0001607939-23-000181"
form_type: "8-K"
ticker: "UDMY"
cik: "0001607939"
company_name: "Udemy, Inc."
filed_at: "2023-11-02T23:59:59+00:00"
generated_at: "2026-06-09T00:24:57.962229+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Udemy cutting instructor revenue share for subscriptions from 25% to 15% by 2026

## Summary
- Instructor subscription revenue share drops from 25% to 20% on Jan 1, 2024, then 17.5% in 2025, and 15% in 2026.
- Marketplace revenue share of 37% remains unchanged.
- Udemy paid over $200M to instructors in past 12 months; expects total payouts to grow despite lower share.
- Proceeds to fund AI, badging, marketing, and sales investments to capture growth opportunity.
- Cites prior 2019 Udemy Business share cut that led to increased instructor payouts.

## SEC filing metadata
- accession: 0001607939-23-000181
- form_type: 8-K
- ticker: UDMY
- cik: 0001607939
- company_name: Udemy, Inc.
- filed_at: 2023-11-02T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1607939/000160793923000181/0001607939-23-000181-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1607939/000160793923000181/udmy-20231102.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001607939-23-000181
- JSON: https://secwatch.observer/filing/0001607939-23-000181.json
- Plain text: https://secwatch.observer/filing/0001607939-23-000181.txt

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