Udemy Q4 revenue $189.5M (+15% YoY), beats guidance; announces $100M share repurchase

Udemy, Inc.

2023-FY EPS reported -$0.71 revenue$728,937,000

Q4 revenue $189.5M, exceeds high end of guidance by ~$3M; full-year revenue $728.9M (+16% YoY).
Q4 adjusted EBITDA $4.0M, first full year of positive adjusted EBITDA at $7.8M; net loss narrows 61% to $20.2M.
Udemy Business revenue $114.7M (+27% YoY), ARR $466M (+25%); added 1,800 net new enterprise customers in 2023.
Board approves first-ever $100M share repurchase program; CEO cites confidence in strategy.
Q1 2024 guidance: revenue $189-193M, adjusted EBITDA loss $(1-3)M; FY2024 revenue $790-800M, adjusted EBITDA $5-20M.

item 2.02 item 8.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.7

Udemy, Inc. reported financial results for for the quarter and year ended December 31, 2023.

Period: for the quarter and year ended December 31, 2023
Result: reported results

Exact text from the filing

On February 14, 2024, Udemy, Inc. (the “Company”) issued a press release announcing its financial results for the quarter and year ended December 31, 2023.

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Source: SEC EDGAR

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