Udemy (UDMY) Tops Q1 EPS by 4c

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Udemy Reports First Quarter 2023 Results

May 3, 2023 4:05 PM EDT

Udemy Business delivered 47% year-over-year revenue growth

Ending ARR grew 42% year-over-year to reach $396 million

Launched innovative AI-powered tool for instructors to develop coding exercises

SAN FRANCISCO, May 03, 2023 (GLOBE NEWSWIRE) -- Udemy (Nasdaq: UDMY), a leading destination for learning and teaching online, today reported results for the three-month period ended March 31, 2023.

Udemy started the year off strong as we exceeded expectations for both revenue and adjusted EBITDA margin, said Greg Brown, Udemys President and CEO. Demand for Udemy Business on a global scale remains... More