Udemy, Inc. Stock Price, News & Analysis

Udemy (Nasdaq: UDMY) has appointed Natalie Rothman to its board of directors, effective immediately. Rothman, currently Chief Human Resources Officer at Advance Auto Parts, brings valuable expertise in human resources and organizational development. She has a strong background at PepsiCo and experience in corporate labor law. Her addition aligns with Udemy's goal of enhancing corporate partnerships focused on skill development. Rothman will serve on the Compensation and Nominating Committees, joining a board of eight directors, seven of whom are independent, including three women.

Udemy reported Q1 2022 results, highlighting a 22% increase in overall revenue to $152.2 million, driven by a 77% growth in Udemy Business revenue, reaching $64.9 million. The annual recurring revenue (ARR) for Udemy Business surged 80% to $279.6 million, with a net dollar retention rate of 120%. Despite these gains, Udemy recorded a GAAP net loss of $(25.6) million. The company also expanded its customer base significantly and launched new features in its platform, aiming to cater to evolving market demands.

Udemy has been certified as a Great Place to Work® in the U.S., based on an independent analysis by the Great Place to Work Institute. This recognition highlights Udemy's strong workplace culture, with 94% of U.S. employees affirming it as a great workplace. The certification reflects the company’s commitment to employee experience, which is linked to higher revenue, retention, and innovation. This accolade adds to Udemy's recent recognitions, including awards in Ireland for excellence in workplace culture.

On April 27, 2022, Udemy (NASDAQ: UDMY) announced the expiration of lock-up agreements following its IPO, allowing the sale of 124,380,752 shares by directors and executive officers. This change may impact stock liquidity as these shares become available in the public market. Udemy is recognized for its online learning platform, providing diverse courses and corporate training solutions.

Udemy (Nasdaq: UDMY) plans to release its financial results for the fiscal first quarter of 2022 on May 4, 2022, after market close. The announcement will include a news release posted on the Udemy website, followed by a live audio webcast at 5:00 p.m. EDT. Interested parties can join the discussion regarding the company's financial results and business highlights via registration or through the Investor Relations website. An archived replay of the webcast will be available shortly after the conclusion of the call.

Udemy has partnered with Woongjin ThinkBig to enhance its presence in South Korea, targeting a broader audience of learners and organizations. This collaboration aims to localize Udemy's offerings, translating popular courses into Korean and creating new courses that meet market demands. CEO Gregg Coccari emphasized the importance of the Korean market, while Woongjin's CEO noted the affordability and accessibility of Udemy's courses. This partnership supports various Korean companies in their upskilling efforts, further solidifying Udemy's commitment to global education.

Udemy has appointed Stacey Zolt Hara as the new Senior Vice President of Corporate Communications, bringing over 20 years of experience. In her role, she will oversee Udemy's global communications, public relations, and social media strategies. Zolt Hara's previous experience includes leadership positions at Visa and Edelman. Udemy continues to expand its reach, with over 49 million learners globally and a corporate training arm supporting over 10,500 enterprise customers, including 49 of the Fortune 100. The addition of Zolt Hara is expected to enhance Udemy's corporate narrative during this critical growth phase.