---
schema_version: "secwatch.filing_event.v1"
accession: "0001607939-24-000186"
form_type: "8-K"
ticker: "UDMY"
cik: "0001607939"
company_name: "Udemy, Inc."
filed_at: "2024-10-29T23:59:59+00:00"
generated_at: "2026-05-30T09:14:57.150121+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Udemy Q3 revenue $195.4M (+6% YoY); UB ARR exceeds $500M; CPO departing

## Summary
- 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.

## SEC filing metadata
- accession: 0001607939-24-000186
- form_type: 8-K
- ticker: UDMY
- cik: 0001607939
- company_name: Udemy, Inc.
- filed_at: 2024-10-29T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1607939/000160793924000186/0001607939-24-000186-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1607939/000160793924000186/udmy-20241023.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001607939-24-000186
- JSON: https://secwatch.observer/filing/0001607939-24-000186.json
- Plain text: https://secwatch.observer/filing/0001607939-24-000186.txt

## Key facts
- Executive change
  Prasad Raje changed role as Chief Product Officer at Udemy, Inc..
  - Action: transition from his role as
  - Role: Chief Product Officer
  source text: On October 23, 2024, the Company and Prasad Raje agreed that Mr. Raje would transition from his role as Chief Product Officer, effective October 28, 2024, and separate from the Company’s employment following a transition period ending on March 31, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1607939/000160793924000186/0001607939-24-000186-index.htm

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