---
schema_version: "secwatch.filing_event.v1"
accession: "0001607939-24-000072"
form_type: "8-K"
ticker: "UDMY"
cik: "0001607939"
company_name: "Udemy, Inc."
filed_at: "2024-05-02T23:59:59+00:00"
generated_at: "2026-06-03T00:32:49.647824+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001607939-24-000072
- form_type: 8-K
- ticker: UDMY
- cik: 0001607939
- company_name: Udemy, Inc.
- filed_at: 2024-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1607939/000160793924000072/0001607939-24-000072-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1607939/000160793924000072/udmy-20240502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001607939-24-000072
- JSON: https://secwatch.observer/filing/0001607939-24-000072.json
- Plain text: https://secwatch.observer/filing/0001607939-24-000072.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1607939/000160793924000072/0001607939-24-000072-index.htm

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