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 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.
Udemy reported a strong fourth quarter ending December 31, 2021, with revenue reaching $138 million, a 25% year-over-year increase. The company's Udemy Business segment saw a remarkable 81% surge in revenue, totaling $57.8 million, contributing to an annual recurring revenue (ARR) of $239 million. Despite a GAAP net loss of $38.9 million, the company noted growth in both consumer and business segments. Udemy expects continued growth driven by organizations focusing on digital transformation, with a compounded annual growth rate of over 100% in its business segment since 2015.
Udemy (Nasdaq: UDMY) will release its fourth quarter financial results for the period ended December 31, 2021, on February 9, 2022, after market close. A conference call and earnings webcast will be held at 5:00 p.m. EST / 2:00 p.m. PST the same day to discuss these results. Interested parties can access the call by registering online. An archived replay will also be available shortly after the live call concludes on the Udemy Investor Relations website.
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