Profile
Sector:
Consumer DefensiveIndustry:
Education & Training ServicesCountry:
United StatesIPO:
29 October 2021Website:
http://www.udemy.comNext earnings report:
N/ALast dividends:
N/ANext dividends:
N/APrice
after hours | Fri, 01 Nov 2024 23:25:03 GMTDividend
Analysts recommendations
Institutional Ownership
UDMY Latest News
Udemy, Inc. (NASDAQ:UDMY ) Q3 2024 Earnings Conference Call October 29, 2024 5:00 PM ET Corporate Participants Dennis Walsh - Vice President, Investor Relations Greg Brown - Chief Executive Officer Sarah Blanchard - Chief Financial Officer Conference Call Participants Jason Tilchen - Canaccord Genuity Stephen Sheldon - William Blair Josh Baer - Morgan Stanley Ryan MacDonald - Needham & Company Terry Tillman - Truist Noah Herman - JPMorgan Yi Fu Lee - Cantor Fitzgerald Devin Au - KeyBanc Operator Good day and welcome to the Udemy's Third Quarter 2024 Conference Call. All participants will be in listen-only mode.
The headline numbers for Udemy (UDMY) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
SAN FRANCISCO--(BUSINESS WIRE)--Udemy (Nasdaq: UDMY), a leading online skills marketplace and learning platform, today announced a new suite of AI capabilities to help organizations create more dynamic and personalized learning programs at scale. The Udemy AI Assistant and Skills Mapping and AI-powered learning paths features are integral components of the company's Intelligent Skills Platform, providing a comprehensive, AI-powered learning solution to help make skills development easier, faste.
SAN FRANCISCO, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Udemy (Nasdaq: UDMY), a leading online skills marketplace and learning platform, today announced it will report its third quarter 2024 financial results after the close of market on Tuesday, October 29, 2024. Udemy will host a live conference call and webcast to discuss the results that afternoon at 2 p.m.
Shares have fallen nearly 25% after Q2 earnings, where management lowered its full-year revenue guidance by $21 million. Margin guidance for this year remains unchanged, with management anticipating substantial margin improvements in the mid-term and aiming to achieve an adjusted EBITDA margin of 20% in 2027. Though I see limited downside given the company's large net cash position and its expectation to reach profitability this year, the outlook for growth remains weak.
Udemy hit its guidance in the most recent quarter but lowered its outlook for the year. The company's subscription enterprise product is still growing, which is encouraging.
Udemy, Inc. (UDMY) came out with a quarterly loss of $0.04 per share versus the Zacks Consensus Estimate of a loss of $0.01. This compares to loss of $0.01 per share a year ago.
Shares of Udemy Inc. tanked more than 14% in the after-hours session Wednesday after the online education company said it was switching gears toward large businesses as quarterly losses piled up and guidance also disappointed.
SAN FRANCISCO, July 12, 2024 (GLOBE NEWSWIRE) -- Udemy (Nasdaq: UDMY), a leading online skills marketplace and learning platform, today announced it will report its second quarter 2024 financial results after the close of market on Wednesday, July 31, 2024. Udemy will host a live conference call and webcast to discuss the results that afternoon at 2 p.m.
Udemy is a Buy with a long growth runway ahead in the online education market. The shift to online education is a major tailwind, driven by accessibility, affordability, and flexibility. UDMY's two-sided marketplace and flywheel effect gives it a competitive advantage in content creation and learner engagement.
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What type of business is Udemy?
Udemy, Inc., a learning company, that operates a marketplace platform for learning skills in the United States and internationally. The company offers skill acquisition, development, and validation courses for organizations and individuals, through direct-to-consumer or Udemy Business offerings in various languages. Its courses provide learning objectives, such as reskilling or upskilling in technology, business, soft skills, and personal development, as well as learners receive access to interactive learning tools comprising quizzes, exercises, and instructor questions-and-answers. The company was incorporated in 2010 and is headquartered in San Francisco, California.
What sector is Udemy in?
Udemy is in the Consumer Defensive sector
What industry is Udemy in?
Udemy is in the Education & Training Services industry
What country is Udemy from?
Udemy is headquartered in United States
When did Udemy go public?
Udemy initial public offering (IPO) was on 29 October 2021
What is Udemy website?
https://www.udemy.com
Is Udemy in the S&P 500?
No, Udemy is not included in the S&P 500 index
Is Udemy in the NASDAQ 100?
No, Udemy is not included in the NASDAQ 100 index
Is Udemy in the Dow Jones?
No, Udemy is not included in the Dow Jones index
When was Udemy the previous earnings report?
No data
When does Udemy earnings report?
Next earnings report date is not announced yet