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 is expanding its EMEA headquarters in Dublin, creating over 120 new jobs in 2022 to meet the growing demand from learners and enterprise customers. Founded in 2010, Udemy offers a marketplace with 46 million learners and 175,000 courses globally. The Dublin office, established in 2014, supports major customers and plans to grow its workforce from 200 to over 300 employees by year-end. This expansion will enhance Udemy's ability to deliver immersive learning experiences and support its ongoing go-to-market efforts following its recent IPO.
Udemy has been officially recognized as one of Ireland's Best Workplaces 2021, following an independent analysis by the Great Place to Work® Institute. The certification highlights Udemy's commitment to creating a high-trust and performance-driven environment. Vice President Bill O'Shea noted the significance of the Dublin office in their growth strategy amid a competitive talent market. This acknowledgement reflects Udemy's mission to connect individuals and organizations with essential skills and knowledge.
Udemy (Nasdaq: UDMY) reported a strong Q3 2021 with revenue reaching $129.6 million, a 9% increase year over year. Udemy Business revenue surged 84% to $50.4 million, contributing to an annual recurring revenue (ARR) of $207 million. Although the consumer segment faced challenges, with revenue down 13% and average buyers declining 6%, the company added significant new clients. Adjusted EBITDA stood at $1.6 million, down from $8.1 million last year, while GAAP net loss was ($9.3 million).
Udemy has announced a partnership with MultiChoice to enhance online learning access for customers across Africa. This collaboration aims to provide thousands of quality courses to support personal and professional development. MultiChoice's platforms, including DStv and GOtv, will now offer educational content, reflecting a shared mission to enrich lives through accessible learning. Both companies emphasize the importance of investing in education as a key step towards empowering individuals on the continent, with the initiative expected to unlock new opportunities for learners.
Skillsoft (NYSE: SKIL) has announced a content partnership with Udemy Business (NASDAQ: UDMY), integrating Udemy's courses into Skillsoft’s Percipio platform. This aims to enhance enterprise learning by providing a unified space for advanced skill development. With 76% of IT decision-makers facing skills gaps and IDC forecasting that skill shortages will cost $6.5 trillion by 2025, the partnership addresses urgent workforce training needs. Skillsoft's acquisition of Global Knowledge in 2021 has further expanded its offerings, allowing organizations to customize learning paths.
Udemy (Nasdaq: UDMY) announced it will release its Q3 2021 financial results on December 8, 2021, after market close. The earnings call will begin at 5:00 p.m. EST (2:00 p.m. PST) and will be accessible via registration and live webcast. Investors can view archived replays after the live event on Udemy's Investor Relations website. The company aims to create new opportunities by connecting learners with necessary skills in various fields, including programming, data science, and leadership.
Udemy, Inc. has priced its initial public offering (IPO) at $29.00 per share, offering 14,500,000 shares, with an option for underwriters to purchase an additional 2,175,000. The shares are set to begin trading on the Nasdaq under the ticker symbol UDMY on October 29, 2021, with the offering expected to close on November 2, 2021. Major underwriters include Morgan Stanley, J.P. Morgan, and Citigroup, among others. The registration statement for this offering was declared effective on October 28, 2021.
FAQ
What is the current stock price of Udemy (UDMY)?
What is the market cap of Udemy (UDMY)?
