earnings
confidence high
sentiment positive
materiality 0.75
Udemy Q3 revenue $195.4M (+6% YoY); UB ARR exceeds $500M; CPO departing
Udemy, Inc.
2024-Q3 EPS reported
-$0.49
revenue$586,623,000
- Revenue $195.4M (+6% YoY); Adjusted EBITDA $11.6M (+41%), above guidance; raises FY2024 EBITDA outlook.
- UB ARR reaches $504.6M (+14% YoY); enterprise revenue $126.1M (+16%).
- Consumer revenue declined 8% to $69.3M; net loss widened to $25.3M from $16.8M.
- Spent ~$51M on share repurchase in Q3, buying back 6.3M shares.
- Chief Product Officer Prasad Raje to transition effective Oct 28, 2024; separation by March 31, 2025.