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 has launched a new course led by McLaren Racing executives, offering insights into fostering high-performance cultures. The course, 'Accelerating Excellence: Unleashing High-Performance Culture with McLaren Racing', addresses modern work challenges and emphasizes continuous improvement and inclusivity. Key themes include decision-making under pressure, leveraging marginal gains, and prioritizing team wellbeing.
The course is available to over 70 million learners across Udemy's platforms, with subtitles in 14 languages. This initiative is part of Udemy's role as the Official Learning and Skills Partner of McLaren Racing, which includes various skills-oriented events and programs. The partnership aims to empower professionals with insights from the fast-paced motorsports industry, applicable across various sectors.
Udemy (Nasdaq: UDMY) announced it will release its second quarter 2024 financial results after market close on Wednesday, July 31, 2024.
The company will host a live conference call and webcast to discuss these results at 2 p.m. PT / 5 p.m. ET the same day. Access to the live webcast and a recorded replay of the call will be available on Udemy's Investor Relations website. The live call can be accessed toll-free via phone at (833) 630-1963 for domestic callers and (412) 317-5702 for international callers. The webcast replay will remain available for approximately one year.
Udemy (Nasdaq: UDMY) has expanded its Badging and Certification preparation offerings to all learners through its Personal Plan subscription. New features for Udemy Business customers include curated content for third-party certification exams, personalized insights dashboards, and the ability to host and share badges. With over 10 million enrollments in IT certification courses in the past year, Udemy aims to help organizations and individuals validate and showcase their skills. The platform now supports third-party certifications from AWS, Azure, and CompTIA, among others. Udemy's new features also include Badge Upload/Download for skill verification and Badge Insights dashboards for tracking progress, aiding professional development and retention.
Udemy, in collaboration with AWS, announced a new generative AI upskilling program called 'Unlocking GenAI Opportunities with AWS,' designed to equip leaders with GenAI tools and strategies. The six-week cohort program, offered through the Udemy Business Leadership Academy, aims to foster innovation, enhance productivity, and drive revenue growth. Key features include practical exercises using Amazon Bedrock, innovation tournaments, and change management strategies. The program addresses the need for tech-savvy leadership, responsible innovation, and inspirational change management to navigate the digital transformation effectively.
Udemy's latest research report, 'Workplace 2.0: The Promise of the Skills-based Organization,' reveals insights on the shift towards skills-based talent management. Based on a survey of 1,600 professionals, 84% of companies are considering or have started implementing skills-based processes. However, these practices are not deeply integrated across all departments. The study highlights the need for new leadership skills, intentional collaboration, and investments in skills verification. While skills-based strategies promote equity and career advancement, only a small percentage of respondents noticed improved fairness and diversified leadership representation. The report offers practical advice for companies to effectively transition to skills-based approaches.
Udemy, a prominent online learning platform, will participate in two key investor conferences in June 2024. The company will present at the William Blair Annual Growth Stock Conference on June 5 at 10:40 a.m. PT / 1:40 p.m. ET and the BofA Securities Global Technology Conference on June 6 at 9:20 a.m. PT / 12:20 p.m. ET. Both events will be webcast live and accessible through Udemy's investor relations website, with replays available for 90 days.
Udemy (Nasdaq: UDMY) has appointed Rob Rosenthal as Chief Revenue Officer (CRO) effective June 3, 2024. Rosenthal, with over 25 years of software industry experience, will lead Udemy Business, focusing on global enterprise sales strategy and sustainable growth. He previously served as CRO at Bloomreach, where he tripled revenue, and held senior roles at Adobe and SAP, driving significant revenue growth. Udemy aims to leverage Rosenthal's expertise to expand market presence and capture growth opportunities amid increasing global demand for workforce skill development.
Udemy (Nasdaq: UDMY) announced that CEO Greg Brown and CFO Sarah Blanchard will participate in a fireside chat at the J.P. Morgan Annual Global Technology, Media and Communications Conference. The session will occur on May 21, 2024, at 11:25 a.m. PT / 2:25 p.m. ET and will be webcast live. Investors can access the webcast via the 'Events & Presentations' section on Udemy's investor relations website. The webcast will be archived for 30 days post-event.
Udemy, the leading online skills marketplace, reported a 24% revenue growth year-over-year with more than 16,000 enterprise customers globally. The company also expanded its share repurchase program to $150 million. Despite a decrease in net loss and strong revenue growth, the consumer segment revenue declined by 2% year-over-year. Udemy's Board of Directors authorized an additional $50 million for the share repurchase program, emphasizing the company's commitment to growth and shareholder returns.
FAQ
What is the current stock price of Udemy (UDMY)?
What is the market cap of Udemy (UDMY)?
