Welcome to our dedicated page for Udemy news (Ticker: UDMY), a resource for investors and traders seeking the latest updates and insights on Udemy stock.
Udemy Inc. (UDMY) operates a leading global online learning platform, empowering individuals and organizations through accessible skills development. This news hub provides investors and stakeholders with verified updates on corporate developments, financial performance, and strategic initiatives.
Access official press releases, earnings announcements, and market-moving updates in one centralized location. Track key operational milestones including new course launches, enterprise partnerships, and technology innovations that shape Udemy's position in the competitive e-learning sector.
The curated collection features essential updates across multiple business dimensions: quarterly financial results, leadership changes, platform enhancements, and global expansion efforts. Content is organized chronologically for efficient tracking of corporate progress.
Bookmark this page for streamlined access to Udemy's latest official communications. Combine these primary sources with broader market analysis to inform your understanding of the company's evolving role in digital education.
Udemy reported a 22% increase in total revenue year-over-year for Q4 2022, reaching $165.3 million, and for the full year at $629.1 million. The Udemy Business segment saw a remarkable 57% growth to $90.6 million, while the Consumer segment experienced a 4% decline to $74.7 million. The company intends to reduce its workforce by 10%, incurring one-time severance costs of $8 to $9 million, but anticipates annualized savings of $30 to $32 million. Udemy aims for adjusted EBITDA profitability in the second half of 2023.
Udemy (Nasdaq: UDMY) has announced that it will report its fourth quarter and full year 2022 financial results on February 14, 2023, after the market closes. A live conference call is scheduled for the same day at 2 p.m. PT / 5 p.m. ET to discuss these results. Investors can access the live call via telephone or through a webcast on Udemy's Investor Relations website. The archived replay will be available for approximately one year. This event is crucial for stakeholders seeking insights into Udemy's financial performance and strategic direction.
Udemy (Nasdaq: UDMY) has been recognized on Built In's Best Places to Work list, earning seven awards at national and regional levels. These accolades include recognition as a Best Large Place to Work in the U.S., Austin, Colorado, and San Francisco. Karen Fascenda, Chief People Officer, noted that 93% of employees are proud to work for Udemy. The awards highlight Udemy's commitment to a supportive company culture, competitive compensation, and benefits.
Udemy (Nasdaq: UDMY) announces the retirement of CEO and Chairman Gregg Coccari effective February 28, 2023. Greg Brown, previously President of Udemy Business, will take over as CEO and join the Board of Directors. Jeff Lieberman will serve as Interim Chair. The transition aims to strengthen corporate governance by separating the Chair and CEO roles. The company projects Q4 2022 revenue between $164 to $167 million, with an adjusted EBITDA margin exceeding previous guidance, emphasizing efficient expense management.
Udemy announced the appointment of Karen Fascenda as Chief People Officer and Nathan Blain as General Manager of Cohort Learning. These new leaders bring over 60 years of experience to Udemy, which is focusing on enhancing its workplace culture and driving corporate learning strategies. Fascenda will lead employee engagement and talent retention efforts, while Blain will oversee the cohort learning division, promoting leadership development for corporate clients. Their appointments come at a critical growth phase for Udemy as it addresses skills gaps and expands its learning offerings.
Udemy (Nasdaq: UDMY) announced a virtual fireside chat with CFO Sarah Blanchard and President Greg Brown at the 25th Annual Needham Growth Conference. The event is scheduled for January 12, 2023, at 7:15 a.m. PT / 10:15 a.m. ET. Investors can access the live webcast through the 'Events & Presentations' section on Udemy's investor relations website, with an archived replay available for 90 days. Udemy aims to improve lives through learning, offering a platform for flexible skill development and a broad range of courses from real-world experts.
Udemy (Nasdaq: UDMY) announced significant expansion in Latin America, securing new partnerships to enhance skill development. With access to 19,000 courses across 14 languages, Udemy Business addresses corporate learning needs, currently serving 4.4 million learners in Brazil and millions more across the region. Partnerships with notable organizations like HSM and CognosOnline aim to provide tailored e-learning solutions to various sectors, fostering a culture of continuous learning.
The Texas State Library and Archives Commission (TSLAC) has partnered with Gale to offer access to Gale Presents: Udemy via public libraries across Texas. This initiative aims to support workforce development by providing library cardholders with on-demand access to over 19,000 video courses in various fields such as business and technology. Nearly half of these courses are taught by experts in multiple languages, catering to diverse learners. The collaboration aligns with a recent $3.5 million grant from the Texas Workforce Commission to enhance job training and reduce unemployment.
Udemy (Nasdaq: UDMY) announced plans to achieve adjusted EBITDA breakeven by 2024 during its first Investor Day on November 17, 2022. The company highlighted its long-term targets reflecting growth in Udemy Business, discussing competitive advantages and a robust customer acquisition strategy across over 180 countries. The presentation emphasized Udemy's vast market opportunities and the increasing demand for workforce upskilling globally. Udemy aims to enhance shareholder value by executing its strategic initiatives successfully.
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