secwatch.observer — SEC 8-K summary
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Issuer:     Udemy, Inc. (UDMY)
CIK:        0001607939
Form:       8-K
Filed at:   2023-11-02T23:59:59+00:00
Accession:  0001607939-23-000181
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1607939/000160793923000181/0001607939-23-000181-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1607939/000160793923000181/udmy-20231102.htm
  HTML page:      https://secwatch.observer/filing/0001607939-23-000181

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