secwatch.observer — SEC 8-K summary
======================================

Issuer:     Udemy, Inc. (UDMY)
CIK:        0001607939
Form:       8-K
Filed at:   2025-04-30T23:59:59+00:00
Accession:  0001607939-25-000055
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Udemy Q1 revenue $200.3M (+2% YoY), adjusted EBITDA $21.1M, exceeds guidance
----------------------------------------------------------------------------

- Revenue $200.3M (+2% YoY, 2pp FX headwind); enterprise +9% to $127.7M, consumer -8% to $72.6M.
- Adjusted EBITDA $21.1M (11% margin) vs $6.5M (3%) a year ago; net loss improved to $1.8M from $18.3M.
- UB ARR $519M (+8%), net dollar retention 96% vs 104% prior; added ~120 net enterprise customers.
- Free cash flow positive $7.1M; cash & securities $358.1M.
- Launched Career Accelerators AI-powered learning paths; partnered with Ingram Micro India.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1607939/000160793925000055/0001607939-25-000055-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1607939/000160793925000055/udmy-20250430.htm
  HTML page:      https://secwatch.observer/filing/0001607939-25-000055

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