secwatch.observer — SEC 8-K summary
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Issuer:     Udemy, Inc. (UDMY)
CIK:        0001607939
Form:       8-K
Filed at:   2024-02-14T23:59:59+00:00
Accession:  0001607939-24-000010
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1607939/000160793924000010/0001607939-24-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1607939/000160793924000010/udmy-20240214.htm
  HTML page:      https://secwatch.observer/filing/0001607939-24-000010

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