See more : CLS Holdings USA, Inc. (CLSH.CN) Income Statement Analysis – Financial Results
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 | 541.23M | 504.97M | 357.54M | 294.03M | 200.85M |
| Cost & Expenses | 850.83M | 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 Named to TIME's Inaugural List of the World's Top EdTech Companies in 2024
SAN FRANCISCO--(BUSINESS WIRE)--Udemy (Nasdaq: UDMY), a leading online skills marketplace and learning platform, today announced its inclusion in TIME's inaugural list of the World's Top EdTech Companies. This prestigious award is presented by TIME and Statista Inc., the world-leading statistics...
Udemy Continues Success in EMEA, Optimising Skills Development and Flexible Learning for Professionals
LONDON--(BUSINESS WIRE)--Udemy announced growth in customer acquisition and strategic partnerships across EMEA.
Udemy to Announce First Quarter 2024 Results on May 2
SAN FRANCISCO, April 12, 2024 (GLOBE NEWSWIRE) — Udemy (Nasdaq: UDMY), a leading online skills marketplace and learning platform, today announced it will report its first quarter 2024 financial results after the close of market on Thursday, May 2, 2024....
Udemy to Announce First Quarter 2024 Results on May 2
SAN FRANCISCO, April 12, 2024 (GLOBE NEWSWIRE) -- Udemy (Nasdaq: UDMY), a leading online skills marketplace and learning platform, today announced it will report its first quarter 2024 financial results after the close of market on Thursday, May 2, 2024....
New Report Highlights Critical Gap Between Employees and Executives Around Generative AI Leadership Readiness
SAN FRANCISCO--(BUSINESS WIRE)--Udemy (Nasdaq: UDMY), a leading online skills marketplace and learning platform, today announced a new research report, The GenAI Transformation: Perspectives on Leadership, which revealed that while employees believe their management teams will be critical to the success...
Cloud Native Computing Foundation and Udemy Announce New Partnership to Supercharge the Next Generation of Cloud Native Developers
The partnership seeks to help millions of current and aspiring developers upskill on key Kubernetes disciplines to enhance their level of cloud native proficiency PARIS , March 21, 2024 /PRNewswire/ -- KubeCon + CloudNativeCon Europe -- The Cloud Native Computing Foundation®...
Udemy to Host Virtual Product Demonstration and Generative AI Roadmap Preview
Event will include a question-and-answer session with Chief Product Officer Prasad Raje Event will include a question-and-answer session with Chief Product Officer Prasad Raje
3 Stocks That Could Benefit from the Continuous Rise of Online Education
The global pandemic caused a significant shift in education, moving online platforms to the forefront while traditional classrooms took a back seat. This change led to a significant increase in demand for e-learning, creating valuable opportunities in online education stocks.
Udemy Unveils GenAI Skills Pack, Empowering Leaders and Teams with Unparalleled Competitive Advantage
SAN FRANCISCO--(BUSINESS WIRE)--Udemy launches its GenAI Skills Pack to support organizations globally with the rapid adoption and implementation of in-demand generative AI skills.
Udemy to Participate in Two March Investor Conferences
Company to webcast fireside chat sessions from Morgan Stanley's TMT Conference on March 4 and Jefferies' Virtual Online Education/e-Learning Summit on March 11 Company to webcast fireside chat sessions from Morgan Stanley's TMT Conference on March 4 and Jefferies' Virtual...
Source: https://incomestatements.info
Category: Stock Reports