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Complete financial analysis of Udemy, Inc. (UDMY) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Udemy, Inc., a leading company in the Education & Training Services industry within the Consumer Defensive sector.
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Udemy, Inc. (UDMY)
About Udemy, Inc.
Udemy, Inc. operates a marketplace platform for teaching and learning skills in the United States and internationally. The company offers technical and business skills, and personal development courses for individual learners and enterprise customers. Its platform provides 49 million learners with access to approximately 180,000 courses through direct-to-consumer or Udemy Business offerings in approximately 75 languages. The company's courses offer learning objectives, such as reskilling or upskilling in technology and business, and soft skills, as well as learners receive access to interactive learning tools comprising quizzes, exercises, and instructor questions-and-answers. Udemy, Inc. was incorporated in 2010 and is headquartered in San Francisco, California.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Revenue | 728.94M | 629.10M | 518.16M | 429.90M | 276.33M |
| Cost of Revenue | 309.60M | 275.32M | 236.02M | 209.25M | 143.51M |
| Gross Profit | 419.34M | 353.78M | 282.13M | 220.65M | 132.82M |
| Gross Profit Ratio | 57.53% | 56.24% | 54.45% | 51.33% | 48.07% |
| Research & Development | 120.34M | 104.56M | 66.11M | 50.64M | 34.38M |
| General & Administrative | 93.90M | 99.06M | 64.41M | 50.78M | 40.03M |
| Selling & Marketing | 316.74M | 301.35M | 227.02M | 192.60M | 126.44M |
| SG&A | 410.64M | 400.41M | 291.43M | 243.38M | 166.47M |
| Other Expenses | 10.26M | -4.70M | -920.00K | 55.00K | -384.00K |
| Operating Expenses | 530.97M | 504.97M | 357.54M | 294.03M | 200.85M |
| Cost & Expenses | 840.57M | 780.29M | 593.56M | 503.28M | 344.36M |
| Interest Income | 20.67M | 5.50M | 16.00K | 1.15M | 87.00K |
| Interest Expense | 518.00K | 4.30M | 32.00K | 1.15M | 0.00 |
| Depreciation & Amortization | 24.59M | 27.42M | 15.30M | 11.06M | 8.74M |
| EBITDA | -78.54M | -129.97M | -63.53M | -62.27M | -59.59M |
| EBITDA Ratio | -10.77% | -20.66% | -11.60% | -14.50% | -21.46% |
| Operating Income | -121.90M | -151.19M | -75.41M | -73.38M | -68.03M |
| Operating Income Ratio | -16.72% | -24.03% | -14.55% | -17.07% | -24.62% |
| Total Other Income/Expenses | 18.25M | -399.00K | -936.00K | -1.09M | -297.00K |
| Income Before Tax | -103.64M | -151.59M | -76.34M | -74.47M | -68.33M |
| Income Before Tax Ratio | -14.22% | -24.10% | -14.73% | -17.32% | -24.73% |
| Income Tax Expense | 3.65M | 2.29M | 1.18M | 3.15M | 1.38M |
| Net Income | -107.29M | -153.88M | -77.53M | -77.62M | -69.70M |
| Net Income Ratio | -14.72% | -24.46% | -14.96% | -18.06% | -25.22% |
| EPS | -0.71 | -1.09 | -0.56 | -0.56 | -0.50 |
| EPS Diluted | -0.71 | -1.09 | -0.56 | -0.56 | -0.50 |
| Weighted Avg Shares Out | 150.10M | 140.87M | 139.16M | 139.60M | 139.60M |
| Weighted Avg Shares Out (Dil) | 150.10M | 140.87M | 139.16M | 139.60M | 139.60M |
Udemy Appoints Marylou Maco and Debra Chrapaty to its Board of Directors
SAN FRANCISCO--(BUSINESS WIRE)--Udemy (Nasdaq: UDMY), a leading online skills marketplace and learning platform, today announced that Avaya Chief Revenue and Customer Experience Officer, Marylou Maco, and Toast Chief Technology Officer, Debra Chrapaty, have been appointed to its Board of Directors....
Udemy's Annual Report Finds Enterprises Are Leveraging GenAI to Maximize Productivity and Unblock Human-Powered Upskilling
SAN FRANCISCO--(BUSINESS WIRE)--Udemy (Nasdaq: UDMY), a leading online skills marketplace and learning platform, today released its 2025 Global Learning & Skills Trends Report. Leveraging data from nearly 17,000 of Udemy's enterprise customers, this annual study explores the top themes and...
Udemy, Inc. (UDMY) Q3 2024 Earnings Call Transcript
Udemy, Inc. (NASDAQ:UDMY ) Q3 2024 Earnings Conference Call October 29, 2024 5:00 PM ET Corporate Participants Dennis Walsh - Vice President, Investor Relations Greg Brown - Chief Executive Officer Sarah Blanchard - Chief Financial Officer Conference Call Participants Jason...
Udemy (UDMY) Reports Q3 Earnings: What Key Metrics Have to Say
The headline numbers for Udemy (UDMY) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Udemy, Inc. (UDMY) Tops Q3 Earnings and Revenue Estimates
Udemy, Inc. (UDMY) came out with quarterly earnings of $0.07 per share, beating the Zacks Consensus Estimate of $0.01 per share. This compares to earnings of $0.05 per share a year ago.
New Data Reveals Global Workforce is Prioritizing Skills to Enhance Productivity, Leadership, and GenAI Automation
SAN FRANCISCO--(BUSINESS WIRE)--Udemy (Nasdaq: UDMY), a leading online skills marketplace and learning platform, today unveiled its Q3 2024 Global Workplace Learning Index, highlighting emerging professional and technical skills as well as key learning trends across global organizations. This quarterly report...
Udemy Launches Game-Changing AI Capabilities to Transform How Enterprises Learn and Grow
SAN FRANCISCO--(BUSINESS WIRE)--Udemy (Nasdaq: UDMY), a leading online skills marketplace and learning platform, today announced a new suite of AI capabilities to help organizations create more dynamic and personalized learning programs at scale. The Udemy AI Assistant and Skills Mapping...
Udemy to Announce Third Quarter 2024 Results on October 29
SAN FRANCISCO, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Udemy (Nasdaq: UDMY), a leading online skills marketplace and learning platform, today announced it will report its third quarter 2024 financial results after the close of market on Tuesday, October 29, 2024....
Udemy Downgrade: Analyst Warns Of Negative Risk/Reward Profile While Demand Is Weak
Morgan Stanley analyst Josh Baer downgraded Udemy, Inc. UDMY to Underweight from Equal Weight, lowering the price forecast to $7.50 from $10.
Morgan Stanley downgrades Udemy to Underweight: is more trouble ahead?
Morgan Stanley has downgraded Udemy Inc (NASDAQ: UDMY) to ‘Underweight' from ‘Neutral' and reduced its price target to $7.50 from $10, implying a potential downside of 7% from the current trading price.
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