secwatch.observer — SEC 8-K summary
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Issuer:     Udemy, Inc. (UDMY)
CIK:        0001607939
Form:       8-K
Filed at:   2024-07-31T23:59:59+00:00
Accession:  0001607939-24-000151
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1607939/000160793924000151/0001607939-24-000151-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1607939/000160793924000151/udmy-20240731.htm
  HTML page:      https://secwatch.observer/filing/0001607939-24-000151

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