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 a 22% year-over-year revenue increase to $158.4 million for Q3 2022, with Udemy Business achieving a 67% revenue growth, totaling $83.9 million. Annual Recurring Revenue rose 69% to $350 million. Despite solid performance, the consumer segment faced a 6% revenue decline to $74.6 million. The company also noted a GAAP net loss of $46.7 million, a significant rise from the previous year. Operationally, Udemy expanded global partnerships and joined the AWS Partner Network. The financial outlook suggests potential macroeconomic headwinds but maintains a positive long-term growth perspective.
Udemy has been ranked number one in the Internet Software and Services sub-industry for its Environmental Social and Governance (ESG) performance by Sustainalytics for the second consecutive year. This recognition highlights Udemy's strong commitment to ESG criteria and is a significant endorsement from the leading ESG research firm. The company also achieved various accolades, including Fair Pay Workplace certification and recognition as a Great Place to Work for Women, emphasizing its focus on positive impact across employees and customers.
Udemy's "2023 Workplace Learning Trends Report" reveals a significant 49% annual increase in hours spent on technical skills training. The report identifies three key trends for organizations fostering a learning culture: promoting continuous learning, enabling agile learning in the flow of work, and implementing diverse learning delivery strategies. Cloud computing remains a focal point, particularly with Amazon Web Services-related skills. The report emphasizes the importance of aligning learning strategies with business objectives to enhance employee engagement and retention.
Udemy (Nasdaq: UDMY) will report its Q3 2022 financial results after market close on November 2, 2022. A live conference call will follow at 2 p.m. PT / 5 p.m. ET to discuss these results. Interested participants can access the call by registering through the link provided. An archived version of the webcast will be available for one year on Udemy's Investor Relations website. Udemy is a prominent platform for online learning, offering courses in various subjects from real-world experts.
Udemy (Nasdaq: UDMY) announced its virtual Investor Day set for November 17 at 9 a.m. PT. The event will feature presentations from Udemy's senior leadership team and a live Q&A session with analysts.
Interested participants can find the agenda and register for the live webcast on Udemy's investor relations page. Presentations will be available on the same day, with an archived replay accessible after the event.
Udemy (Nasdaq: UDMY) has announced a strategic partnership with The RBL Group, enhancing its offerings for enterprise customers. This collaboration aims to address the urgent need for skill development and reskilling in the workforce. Udemy will provide courses like “Accelerating HR’s Business Impact” and “Developing Talent”, designed by industry experts, including dual-certificate options from RBL and the University of Michigan. This partnership responds to a Gartner survey indicating that 60% of HR leaders prioritize building critical skills this year.
Udemy has joined the AWS Partner Network, enhancing its offerings through AWS programs to foster innovation in organizational learning. This partnership enables easier access for thousands of AWS customers to Udemy Business courses, including AWS certifications. Key benefits of this collaboration include streamlined procurement via AWS Marketplace and Udemy's participation in the ISV Accelerate Program, aiming to boost sales by connecting with AWS sales channels. Additionally, Udemy has passed the AWS Foundational Technical Review, affirming its commitment to high-quality solutions.
Udemy (Nasdaq: UDMY) has announced a strategic partnership with FUNiX, a leading online education platform in Vietnam, aimed at enhancing digital learning opportunities for millions of Vietnamese individuals. This collaboration will provide access to in-demand skills training as online learning in Vietnam continues to grow, particularly post-pandemic. Udemy aims to empower local organizations with a scalable learning platform, fostering a culture of flexible and customizable education. With over 9,200 international courses available, Udemy is committed to expanding its presence in the Asia-Pacific region.
