Udemy Q2 revenue $194.4M at high-end of guidance; targets $130-150M Adjusted EBITDA for FY2026

Udemy, Inc.

2024-Q2 EPS reported -$0.32 revenue$391,206,000

Q2 revenue $194.4M (+9% YoY) and Adjusted EBITDA $5.5M, exceeding guidance.
Udemy Business segment revenue $120.6M (+19% YoY); ARR $492.6M (+17% YoY).
Net loss widened to $31.8M from $25.7M YoY; non-GAAP net loss $6.5M.
Strategic shift to large enterprise customers; targeting $130-150M Adjusted EBITDA in FY2026 with $25M annual cost savings.
Spent $35M on share repurchases in Q2; $60M remaining under $150M authorization.

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