Udemy, Inc. Stock Price, News & Analysis

Udemy (Nasdaq: UDMY) announced its virtual Investor Day set for November 17 at 9 a.m. PT. The event will feature presentations from Udemy's senior leadership team and a live Q&A session with analysts.

Interested participants can find the agenda and register for the live webcast on Udemy's investor relations page. Presentations will be available on the same day, with an archived replay accessible after the event.

Udemy (Nasdaq: UDMY) has announced a strategic partnership with The RBL Group, enhancing its offerings for enterprise customers. This collaboration aims to address the urgent need for skill development and reskilling in the workforce. Udemy will provide courses like “Accelerating HR’s Business Impact” and “Developing Talent”, designed by industry experts, including dual-certificate options from RBL and the University of Michigan. This partnership responds to a Gartner survey indicating that 60% of HR leaders prioritize building critical skills this year.

Udemy has joined the AWS Partner Network, enhancing its offerings through AWS programs to foster innovation in organizational learning. This partnership enables easier access for thousands of AWS customers to Udemy Business courses, including AWS certifications. Key benefits of this collaboration include streamlined procurement via AWS Marketplace and Udemy's participation in the ISV Accelerate Program, aiming to boost sales by connecting with AWS sales channels. Additionally, Udemy has passed the AWS Foundational Technical Review, affirming its commitment to high-quality solutions.

Udemy (Nasdaq: UDMY) has announced a strategic partnership with FUNiX, a leading online education platform in Vietnam, aimed at enhancing digital learning opportunities for millions of Vietnamese individuals. This collaboration will provide access to in-demand skills training as online learning in Vietnam continues to grow, particularly post-pandemic. Udemy aims to empower local organizations with a scalable learning platform, fostering a culture of flexible and customizable education. With over 9,200 international courses available, Udemy is committed to expanding its presence in the Asia-Pacific region.

Udemy has partnered with Sanjieke, a leading digital transformation training provider in China, to expand its learning platform in the region. This collaboration will introduce over 8,000 courses, including around 600 in Mandarin, aimed at enhancing professional development opportunities for the Chinese workforce. The partnership builds on Udemy's previous investment in Sanjieke's Series C funding round and reflects a strategic effort to address the digital skills gap in China. Udemy's commitment to global learning aligns with Sanjieke’s mission to provide high-quality training.

Udemy (Nasdaq: UDMY) and Benesse have partnered with the Tokyo Metropolitan Government to enhance digital transformation among local small and medium-sized enterprises (SMEs). This initiative aims to provide tailored educational resources to 500 employees from 250 SMEs by March 31, 2023, under the 'DX Reskilling Support Project.' Courses will focus on emerging technologies and skills, taught in Japanese by local instructors. This collaboration supports SMEs in addressing skills gaps and adapting to a rapidly changing business environment.

Udemy reported a significant increase in its second quarter 2022 results, showcasing a 21% rise in revenue to $153.1 million and a 77% growth in Udemy Business revenue to $74.6 million. The company's annual recurring revenue (ARR) for Udemy Business reached $316.1 million, up 74% year over year. Despite a GAAP net loss of $(29.4) million, the company noted operational growth with a 118% net dollar retention rate and increased customer engagement. Initiatives to enhance digital transformation and upskilling were also highlighted, alongside new product offerings.