secwatch.observer — SEC 8-K summary
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Issuer:     Udemy, Inc. (UDMY)
CIK:        0001607939
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0001607939-24-000072
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1607939/000160793924000072/0001607939-24-000072-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1607939/000160793924000072/udmy-20240502.htm
  HTML page:      https://secwatch.observer/filing/0001607939-24-000072

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