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.

Udemy, Inc.

CorpU, A Udemy Company

Udemy Business

At Udemy, we’re on a mission to transform lives through learning. We’re a leading online skills marketplace and learning platform, serving more than 67 million learners and 15,000 organizations globally. Our goal is to provide flexible and effective skill development, empowering individuals and organizations to keep pace with innovation and prepare for the future of work.

We believe that talented people are everywhere, but oftentimes, those dream opportunities are hard to come by. That’s why we’re focused on revolutionizing learning, leveraging the deep expertise of Udemy’s 75,000 instructors and the power of our platform, to help individuals sharpen their skills and harness their full potential.

Udemy is headquartered in San Francisco with additional offices in Ankara and Istanbul, Türkiye; Austin, Texas; Denver, Colorado; Dublin, Ireland; Melbourne, Australia; and New Delhi, India.

Mindrock Capital

SharesPro

Vershina Capital

Blue Gentian Capital

Alexander Rugaev

Manhattan Venture Partners

Raison Asset Management

10X Capital

Asas Capital

Benesse

Tencent

Learn Capital

Changer Club

SharesPost Investment Management

Udemy

It’s never too late to learn something new and change your life. Take Alvin Lim. Weeks away from a Ph.D. in Clinical Psychology, he decided to make a bold career pivot and pursue his dream of founding a startup. It all began with one Udemy course.

Now insert Angela Yu: a surgeon turned Udemy instructor who taught Alvin how to code alongside her 2.5 million learners over her 7 years of teaching on Udemy.

They are both living proof of the power of learning and developing new skills. And today, they’re paying it forward, helping people connect – to new futures, themselves, and to one another.

Weekends are for learning at the University of Udemy 🫡

Now get to it!

Join us for a special event with WISE! 🌟

Through a day in the life with us, you'll learn about Udemy's: 

▪️ Commitment to Belonging, Equity, Diversity, and Inclusion (BEDI)
▪️ Online learning insights
▪️ Hiring focus

RSVP for the replay if you can't make it live ➡️ bit.ly/48pNJLs

#WISE #Hiring #LifeAtUdemy 

Throughout #BlackHistoryMonth, we're celebrating our Black Employee Network members' unique journeys with our "Black &" series showcasing their diverse layers of Black pride. Check out a handful of them ⬇️

#LifeAtUdemy #BHM

Attention Enterprise Customers 📣

Our new admin overview is here! 

Now you can turn #skills into your competitive advantage. How, you ask? 

Your personalized dashboard gives you actionable insights and prompts for learning to increase engagement among your teams.

Discover skills gaps and select priority skills to develop — all while measuring your organization against industry benchmarks.

Some feedback on the new experience so far:

🌟 "All the relevant information is shown upfront, and it’s very easy to identify and refer to."
🌟 "This helps new admins. It tells me how to use the page, shows the essentials, and preps me for the role."
🌟"It’s all the admin tools put together — everything you can manage is here with this tool.“

Not a customer, but want to see more? Get a #free demo ➡️ bit.ly/3uBAsla

	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23
revenue	276.33M -	429.90M 55.58%	518.16M 20.53%	629.10M 21.41%	728.94M 15.87%
cost of revenue	143.51M -	209.25M 45.81%	236.02M 12.79%	275.32M 16.65%	310.81M 12.89%
gross profit	132.82M -	220.65M 66.13%	282.13M 27.87%	353.78M 25.39%	418.13M 18.19%
selling and marketing expenses	126.44M -	192.60M 52.33%	227.02M 17.87%	301.35M 32.74%	316.74M 5.11%
general and administrative expenses	40.03M -	50.78M 26.85%	64.41M 26.83%	99.06M 53.80%	93.90M 5.21%
selling general and administrative expenses	166.47M -	243.38M 46.20%	291.43M 19.74%	400.41M 37.39%	409.43M 2.25%
research and development expenses	34.38M -	50.64M 47.31%	66.11M 30.54%	104.56M 58.16%	120.33M 15.09%
other expenses	-384K -	55K 114.32%	-920K 1,772.73%	-4.70M 410.43%	-1.90M 59.58%
cost and expenses	344.36M -	503.28M 46.15%	593.56M 17.94%	780.29M 31.46%	840.57M 7.73%
operating expenses	200.85M -	294.03M 46.39%	357.54M 21.60%	504.97M 41.23%	529.76M 4.91%
interest expense		-1.15M -	-16K 98.60%	4.30M 26,956.25%	518K 87.95%
ebitda	-59.29M -	-62.33M 5.12%	-60.11M 3.55%	-129.97M 116.23%	-87.04M 33.03%
operating income	-68.03M -	-73.38M 7.86%	-75.41M 2.76%	-151.19M 100.50%	-111.63M 26.16%
depreciation and amortization	8.74M -	11.05M 26.49%	15.30M 38.37%	21.22M 38.69%	24.59M 15.89%
total other income expenses net	-297K -	-1.09M 267.34%	-936K 14.21%	-399K 57.37%	7.99M 2,102.76%
income before tax	-68.33M -	-74.47M 8.99%	-76.34M 2.51%	-151.59M 98.56%	-103.64M 31.63%
income tax expense	1.38M -	3.15M 129.02%	1.18M 62.43%	2.29M 93.24%	3.65M 59.80%
net income	-69.70M -	-77.62M 11.36%	-77.53M 0.12%	-153.88M 98.48%	-107.29M 30.27%
weighted average shs out	122.13M -	122.13M 0%	54.97M 54.99%	140.87M 156.26%	150.10M 6.55%
weighted average shs out dil	122.13M -	122.13M 0%	54.97M 54.99%	140.87M 156.26%	150.10M 6.55%
eps	-0.57 -	-0.64 12.28%	-1.41 120.31%	-1.09 22.70%	-0.71 34.86%
epsdiluted	-0.57 -	-0.64 12.28%	-1.41 120.31%	-1.09 22.70%	-0.71 34.86%

COM:UDEMY

Udemy, Inc.

Last Close

7.55

22/11 21:00

Market Cap

1.24B

Beta: -

Volume Today

652.88K

Avg: -

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