---
schema_version: "secwatch.filing_event.v1"
accession: "0001607939-23-000184"
form_type: "8-K"
ticker: "UDMY"
cik: "0001607939"
company_name: "Udemy, Inc."
filed_at: "2023-11-02T23:59:59+00:00"
generated_at: "2026-06-09T00:25:11.980379+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Udemy Q3 revenue $184.7M beats guidance; raises FY outlook; plans 5pp cut in instructor share

## Summary
- Total revenue $184.7M (+17% YoY), exceeded high end of guidance by $4.7M; Udemy Business $109.1M (+30%).
- Adjusted EBITDA positive $8.2M vs -$12.9M last year; second consecutive positive quarter.
- Udemy Business ARR $443.1M (+26% YoY); 15,378 total customers; surpassed 100,000 paid Personal Plan subscribers.
- Plans to reduce instructor revenue share from 25% to 15% by 2026, first cut to 20% effective Jan 1, 2024.
- Raised full-year 2023 outlook; cash and marketable securities $483M.

## SEC filing metadata
- accession: 0001607939-23-000184
- form_type: 8-K
- ticker: UDMY
- cik: 0001607939
- company_name: Udemy, Inc.
- filed_at: 2023-11-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1607939/000160793923000184/0001607939-23-000184-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1607939/000160793923000184/udmy-20231102.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001607939-23-000184
- JSON: https://secwatch.observer/filing/0001607939-23-000184.json
- Plain text: https://secwatch.observer/filing/0001607939-23-000184.txt

## Key facts
- Earnings Releases
  Udemy, Inc. reported the quarter ended September 30, 2023 results: revenue $184.7 million, net income $(16.8) million. Guidance raised.
  - Period: the quarter ended September 30, 2023
  - Revenue: $184.7 million
  - Net income: $(16.8) million
  - Guidance: raised
  - Result: reported results
  source text: and progressing toward our long-term profitability targets.” Third quarter 2023 financial performance highlights include: • Total revenue increased 17% year-over-year to $184.7 million and exceeded the high end of the guidance range for the quarter by $4.7 million. Revenue growth includes a negative impact of 1 percentage point from changes in foreign exchange
  evidence_url: https://www.sec.gov/Archives/edgar/data/1607939/000160793923000184/0001607939-23-000184-index.htm

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