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 (UDMY) reported Q3 2024 results with revenue increasing 6% year-over-year to $195.4 million. The Enterprise segment grew 16% to $126.1 million, while Consumer segment declined 8% to $69.3 million. The company achieved a significant milestone surpassing $500 million in Udemy Business Annual Recurring Revenue.
Notable improvements in profitability metrics include a Non-GAAP Net Income of $10.1 million (31% increase) and Adjusted EBITDA of $11.6 million (41% increase). Gross margin expanded by 500 basis points to 63%. The company repurchased 6.3 million shares for approximately $51 million during Q3 and raised its full-year 2024 outlook.
Udemy has released its Q3 2024 Global Workplace Learning Index, revealing key trends in professional skills development. The report shows significant growth in several areas: Personal Productivity increased 17%, Time Management rose 12%, and Marketing Strategy saw a 26% increase. Linux Administration emerged as the fastest-growing technical skill with a 36% surge, while Generative AI skills continued strong growth at 26%.
The index highlights sector-specific trends, with Professional Services focusing on project management and automation, Consulting Services adopting enterprise technology, and Financial Services investing in soft skills development. The data is derived from thousands of Udemy Business customers worldwide, comparing course consumption between Q2 and Q3 2024.
Udemy (Nasdaq: UDMY) has unveiled a new suite of AI capabilities to enhance its Intelligent Skills Platform, aiming to create more dynamic and personalized learning programs at scale. The key features include:
1. Udemy AI Assistant: A natural-language chat interface helping learners discover relevant content and receive real-time guidance.
2. Skills Mapping and AI-powered learning paths: Tools designed to identify critical skills, create skills frameworks, and match top-rated courses to organizational goals.
These features are designed to accelerate the transition to a skills-based approach, addressing the growing talent gap and the rapidly evolving technical skills landscape. The Udemy AI Assistant is included in the Udemy Business Enterprise Plan at no additional cost, while Skills Mapping and AI-powered learning paths are available during an extended beta period.
Udemy (Nasdaq: UDMY), a leading online skills marketplace and learning platform, has announced it will release its third quarter 2024 financial results after market close on Tuesday, October 29, 2024. The company will host a live conference call and webcast to discuss the results at 2 p.m. PT / 5 p.m. ET on the same day.
Investors can access all earnings materials, including a link to the live webcast and recorded replay of the conference call, on the 'Quarterly Results' section of Udemy's Investor Relations website. The live call can also be accessed toll-free via telephone at (833) 630-1963 domestically and (412) 317-5702 internationally. The archived webcast replay will be available for approximately one year.
Udemy (UDMY) has been recognized as the #1 Overall Learning Solution by ISG Software Research, receiving the highest grade in their Buyers Guide for Learning Content Solutions. The company also won the ISG Digital Innovation Award in the human capital management category. These accolades highlight Udemy's innovative advancements in learning solutions for business outcomes, serving over 73 million learners and 16,000 organizations globally.
Additionally, Udemy was named an AWS EdTech and GovTech Champion in the 2024 AWS Champions program and positioned as a Strategic Challenger in the 2024 Fosway 9-Grid™ for Digital Learning. These recognitions underscore Udemy's commitment to delivering cutting-edge offerings and setting industry standards for skills acquisition and validation.
Udemy's new research challenges stereotypes about Generation Z (Gen Z) in the workplace. The study, based on over 6,500 responses, reveals that 65% of Gen Z are highly motivated by professional development, surpassing Millennials and Gen X. Despite high engagement with generative AI (GenAI), Gen Z is the most skeptical about AI's effectiveness in online learning.
Key findings include:
- 70% of Gen Z likely to use AI-driven personalized learning platforms
- 48% concerned about AI accuracy, 38% about potential bias
- 84% consider soft skills critical for professional success
- 94% dedicate at least an hour weekly to learning
- 44% prefer complete online courses for learning
The research suggests that employers should focus on responsible AI integration, soft skills development, and diverse learning formats to attract and retain Gen Z talent.
Udemy (Nasdaq: UDMY), a leading online skills marketplace and learning platform, has announced the return of co-founder Eren Bali as Chief Technology Officer (CTO), effective August 12, 2024. Bali, who previously served as CEO until 2014, will oversee engineering, data, and technical program management teams, reporting directly to CEO Greg Brown. His appointment aims to accelerate Udemy's product strategy, bolster enterprise business growth, and drive innovation in direct-to-consumer offerings.
Bali succeeds Venu Venugopal, who has been CTO since May 2019 and will continue in an advisory role. The move reflects Udemy's commitment to evolving learning with AI and delivering value to customers. Bali's extensive background in product launches, market expansions, and team-building is expected to contribute significantly to Udemy's future development.
Udemy's Q2 2024 Global Workplace Learning Index reveals key trends in corporate learning. Problem-solving, teamwork, and change management emerged as top professional skills, highlighting the importance of soft skills in navigating tech-driven changes. IT certification preparation courses saw high demand, with 11 million learner enrollments over the past year. Generative AI course consumption increased by 37%, while ChatGPT courses rose by 40%.
Organizations are investing in Diversity and Inclusion courses, with a 12% increase overall and a 31% surge in the manufacturing sector. This focus aligns with Udemy's research showing that 67% of employees believe a skills-based approach improves workplace fairness. The report underscores the shift towards skills-based talent management and the critical role of upskilling in addressing global skills gaps.
Udemy (UDMY) reported Q2 2024 results, with revenue at the high-end of guidance and exceeding Adjusted EBITDA expectations. Key highlights include:
- Revenue increased 9% YoY to $194.4 million
- Udemy Business revenue grew 19% YoY to $120.6 million
- Adjusted EBITDA of $5.5 million, up from $1.9 million in Q2 2023
- Achieved milestone of one billion course enrollments
The company announced a strategic shift to focus on large enterprise customers, targeting $130-$150 million Adjusted EBITDA for FY 2026. Udemy is implementing cost-saving measures and expects at least $25 million in annualized structural cost-savings. The company also continued its $150 million share repurchase program, buying back 3.8 million shares for approximately $35 million in Q2.
Udemy has launched a new course, 'Ultimate AWS Certified AI Practitioner AIF-C01', created by instructor Stephane Maarek. This course aims to prepare professionals for the new AWS Certified AI Practitioner exam, focusing on generative AI (GenAI), AI, and machine learning (ML) concepts. The launch comes as demand for GenAI content surges on Udemy's platform, with a 21% increase in GenAI course consumption reported in Q1 2024.
Key highlights include:
- Over 4 million enrollments in GenAI courses in the past year
- 11 million enrollments in IT certification preparation courses, with 2.5 million for AWS certifications
- 3.3 million enrollments in ChatGPT-related courses since December 2022
The new course covers GenAI and AI/ML concepts, teaching learners to identify AI application opportunities and use AI tools responsibly.
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