Udemy Q1 revenue $196.8M beats guidance; expands buyback by $50M

Udemy, Inc.

2024-Q1 EPS reported -$0.12 revenue$196,846,000

Revenue $196.8M (+12% YoY); net loss -$18.3M improved from -$44.5M; adj. EBITDA $6.5M.
Enterprise segment revenue $117.6M (+24% YoY); ARR $479.4M (+21%); total customers 16,070.
Consumer segment revenue $79.2M (-2% YoY); Monthly Average Buyers 1.44M.
Board authorized $50M increase to share repurchase program (now $150M); ~$45M remaining from prior authorization.
Cash and marketable securities $434.1M; results exceeded guidance ranges.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Udemy, Inc. reported the quarter ended March 31, 2024 results: revenue $196.8 million, net income Net Loss $ (18.3).

Period: the quarter ended March 31, 2024
Revenue: $196.8 million
Net income: Net Loss $ (18.3)
Result: reported results

Exact text from the filing

our confidence in the long-term opportunity available to Udemy,” concluded Brown. First Quarter 2024 Financial Highlights • Total revenue increased 12% year-over-year to $196.8 million and exceeded the high end of Udemy’s guidance range for the quarter. Revenue growth includes a negative impact of 2 percentage points from changes in foreign exchange (FX) rates

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Udemy, Inc. filing history →

Source: SEC EDGAR

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