Udemy, Inc. Stock Price, News & Analysis

Udemy, a leading online learning platform, will report its first-quarter 2023 financial results after the market closes on May 3, 2023. The company will host a conference call and live webcast to discuss these results at 2 p.m. PT / 5 p.m. ET the same day. Interested parties can access the live call via telephone or through the company's Investor Relations website, where a recorded replay will be available for approximately one year. Founded to improve lives through learning, Udemy offers thousands of courses in various subjects, catering to both individuals and enterprises with on-demand learning solutions.

Udemy (Nasdaq: UDMY) has launched Udemy IR Access, an innovative investor engagement initiative aimed at enhancing communications with investors. This initiative includes an investor relations blog and video content that provides regular updates on business developments. The first event will be a live webcast of the Udemy Business customer panel scheduled for April 18, 2023. This panel will showcase insights from leaders at Cisco and Devoteam, discussing the value of learning and development in their organizations. The investor relations blog will help Udemy comply with disclosure obligations under Regulation FD and keep stakeholders informed. This commitment to transparency reflects Udemy’s broader mission to improve lives through learning.

Udemy has announced that its CEO, Greg Brown, will participate in a fireside chat during the Jefferies Virtual Online Education/e-Learning Summit on March 14, 2023, at 8:15 a.m. PT / 11:15 a.m. ET. The event will be available via a live webcast on Udemy's investor relations website, with a replay accessible for approximately 90 days following the event. Udemy, listed on Nasdaq under UDMY, is committed to improving lives through flexible and effective online learning.

Udemy (Nasdaq: UDMY) announced a live webcast of a fireside chat featuring Incoming CEO Greg Brown and CFO Sarah Blanchard on March 7, 2023, at 12:15 p.m. PT / 3:15 p.m. ET. This session will be part of Morgan Stanley’s Technology, Media & Telecom Conference and will focus on Udemy’s growth in online learning. Investors can access the live stream through the ‘Events & Presentations’ section on Udemy's investor relations website. The archived replay will be available for about 90 days. Udemy, headquartered in San Francisco, provides flexible learning solutions with a marketplace for skill development, hosting thousands of courses in various subjects.

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.