secwatch.observer — SEC 8-K summary
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Issuer:     Udemy, Inc. (UDMY)
CIK:        0001607939
Form:       8-K
Filed at:   2024-10-29T23:59:59+00:00
Accession:  0001607939-24-000186
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1607939/000160793924000186/0001607939-24-000186-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1607939/000160793924000186/udmy-20241023.htm
  HTML page:      https://secwatch.observer/filing/0001607939-24-000186

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