Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (State or Other Jurisdiction of Incorporation or Organization) (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission File Number 001-40956 Udemy, Inc. (Exact Nam ...

SAN FRANCISCO--(BUSINESS WIRE)--Udemy (Nasdaq: UDMY), a global AI-powered skills acceleration platform, today announced the launch of its new Learn AI with Google plan. This plan brings Google's newly launched AI Professional Certificate to more than 84 million Udemy learners, enabling them to master in-demand AI skills and learn directly from Google experts to meet the growing demand for AI skills in today's workforce. Learn AI with Google is the first comprehensive AI subscription by Udemy fo. ...

Online learning marketplace Udemy has launched a new integration with OpenAI.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.The new arrangement will embed Udemy’s content directly into OpenAI’s interface via an ap ...

Core Insights - Udemy has partnered with OpenAI to integrate its skills content into ChatGPT, enhancing personalized and interactive upskilling experiences for users [1] - The integration aims to provide a comprehensive reskilling operating system that includes skill discovery, acquisition, mastery, validation, and acceleration directly within ChatGPT [1] - This collaboration targets approximately 800 million weekly active users of ChatGPT, focusing on learning as a primary use case [1] Company Overview - Udemy is described as a global AI-powered skills acceleration platform, offering over 290,000 courses from 90,000 expert instructors [1] - The platform aims to transform how individuals and companies build necessary capabilities for a rapidly evolving workplace [1] - Udemy's enterprise solutions are utilized by thousands of companies, including notable names like Ericsson, Samsung, and Volkswagen [1] Integration Features - The integration includes features such as Learning Journey Intelligence, which tracks individual learning paths and skill gap analysis [1] - Users can explore course content without login requirements, facilitating easier content discovery [1] - The integration allows for seamless enrollment in courses directly from ChatGPT conversations, enhancing user engagement [1] Learning Experience - The app provides interactive assessments, practical labs, and competency validation, distinguishing it from traditional AI tutoring [1] - Users can ask questions in real-time while watching course videos, creating a flexible learning environment [1] - ChatGPT will proactively suggest relevant Udemy courses based on detected learning opportunities in conversations [1] Accessibility and Future Vision - The Udemy app in ChatGPT is available to logged-in users across various subscription plans, initially launched in English with subtitle support [1] - This integration represents a step towards making high-quality education universally accessible through conversational AI [1]

Investor Contact Dennis Walsh Vice President, Investor Relations [dennis.walsh@udemy.com]Industry:- [Continuing]- [Other Education]- [Human Resources]- [Artificial Intelligence]- [Software]- [Training]- [Business]- [Professional Services]- [Technology]- [Education]- [Data Management]### UdemyNASDAQ:UDMY---Release Versions[English]---### ContactsMedia Contact Paxton Mittleman Senior Corporate Communications Manager [press@udemy.com] Investor Contact Dennis Walsh Vice President, Investor Relations [dennis.wal ...

分组1 - Udemy, Inc. reported quarterly earnings of $0.12 per share, exceeding the Zacks Consensus Estimate of $0.09 per share, and showing an increase from $0.1 per share a year ago, resulting in an earnings surprise of +27.66% [1] - The company achieved revenues of $193.99 million for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 0.40%, although this represents a decline from $199.94 million in the same quarter last year [2] - Udemy has consistently surpassed consensus EPS estimates over the last four quarters, indicating strong performance in earnings [2] 分组2 - The stock has underperformed the market, losing about 17.6% since the beginning of the year, while the S&P 500 has gained 0.5% [3] - The current consensus EPS estimate for the upcoming quarter is $0.10 on revenues of $198.44 million, and for the current fiscal year, it is $0.48 on revenues of $806.03 million [7] - The Internet - Software industry, to which Udemy belongs, is currently ranked in the top 38% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]

The market expects Udemy, Inc. (UDMY) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2025. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released ...

Core Insights - Skillsoft (SKIL) and Udemy (UDMY) are direct competitors in the online learning and corporate training sector, focusing on workforce development and lifelong learning [1] Group 1: Skillsoft (SKIL) - Skillsoft experienced a turbulent growth trajectory, with a 6% year-over-year revenue decline in Q3 of fiscal 2026, primarily due to an 18% drop in the Global Knowledge (GK) segment, which constitutes 22% of total revenue [2][3] - The GK segment incurred a $20.8 million non-cash goodwill impairment loss, resulting in a $4.9 million adjusted net loss, prompting management to consider strategic alternatives for this segment [3] - The Talent Development Solutions (TDS) segment saw a 2% year-over-year decline, but management remains optimistic about its AI-native roadmap, having signed its first four large enterprise customers [3] - Cost reductions led to a $28 million adjusted EBITDA, despite a 130 basis points dip in adjusted EBITDA margin year-over-year, indicating resilience amid declining GK revenues [5] - Skillsoft is trading at a forward P/E ratio of 1.92, significantly lower than Udemy's 10.25, making it more attractive to investors [12] Group 2: Udemy (UDMY) - Udemy reported $195.7 million in revenue for Q3 of 2025, reflecting a marginal year-over-year increase, with subscription revenues growing 8% and accounting for 74% of total revenues [6] - The company achieved an 88% year-over-year increase in paid subscribers in the consumer segment, alongside a 2% rise in total enterprise customers, attributed to AI integration and a focus on high-value recurring revenue streams [7] - Udemy's adjusted EBITDA margin expanded by 600 basis points to 12%, driven by operational discipline and a shift towards high-margin subscriptions [7] - Despite these positives, Udemy faces challenges, including a 5% year-over-year increase in Udemy Business revenues and a net dollar retention rate of 93%, impacted by the downsizing of legacy contracts [8] - The consensus estimate for Udemy's 2026 sales is $806 million, reflecting a 2.2% year-over-year increase, while EPS is projected to decline by 5.5% [11] Group 3: Investment Recommendation - Skillsoft is recommended for investment due to its lower valuation and potential for long-term returns as it focuses on becoming a leaner AI-first entity [14][16] - Udemy is advised to be retained for now, pending further justification of revenue growth from customer and subscriber increases [16]

Group 1 - The proposed sale of Udemy, Inc. to Coursera, Inc. involves Udemy shareholders receiving 0.800 shares of Coursera common stock for each share of Udemy owned [1] - Kahn Swick & Foti, LLC is investigating whether the proposed transaction adequately values Udemy and the process leading to this valuation [1] - The law firm is seeking to determine if the consideration offered to Udemy shareholders is sufficient or if it undervalues the company [1]

Core Insights - Udemy has formed a strategic partnership with Entri to enhance upskilling opportunities for India's 400 million vernacular learners, combining Udemy's expert-led courses with Entri's job training programs in multiple Indian languages [1][3][8] - There is a pressing need for upskilling in India, as only 30% of professionals feel confident in their AI skills, and 61% lack clear employer guidance on applying AI in their work [2] - The collaboration aims to leverage Udemy's content engine and Entri's local market expertise to provide accessible training in technical and soft skills across various regional dialects [3][5] Company Overview - Udemy serves over 17 million learners and 9,500 instructors in India, offering a comprehensive upskilling solution to enhance career opportunities [4] - Entri focuses on providing job-oriented learning programs in multiple Indian languages, targeting individuals aspiring for white-collar jobs but lacking necessary skills [8] - Both companies emphasize the importance of culturally relevant experiences to improve employability and career outcomes for learners in India [5][6]