Udemy announces $50 million share repurchase program effective immediately

Udemy, Inc.

Board approved repurchase of up to $50 million of common stock, effective immediately.
CEO Hugo Sarrazin said program reflects 'strong conviction' in growth opportunity from AI-driven upskilling demand.
Purchases may occur in open market or privately negotiated transactions, subject to market conditions.
Board also authorized establishment of Rule 10b5-1 trading plans to permit repurchases during blackout periods.
Repurchase program may be suspended or discontinued at any time.

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