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Here's What Key Metrics Tell Us About Udemy (UDMY) Q2 Earnings
ZACKS· 2024-08-01 01:30
Udemy, Inc. (UDMY) reported $194.36 million in revenue for the quarter ended June 2024, representing a yearover-year increase of 9%. EPS of -$0.04 for the same period compares to -$0.01 a year ago. The reported revenue represents a surprise of +0.10% over the Zacks Consensus Estimate of $194.17 million. With the consensus EPS estimate being -$0.01, the EPS surprise was -300.00%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to deter ...
Udemy(UDMY) - 2024 Q2 - Earnings Call Transcript
2024-08-01 01:00
Udemy, Inc. (NASDAQ:UDMY) Q2 2024 Results Conference Call July 31, 2024 5:00 PM ET Company Participants Dennis Walsh - Vice President, Investor Relations Greg Brown - Chief Executive Officer Sarah Blanchard - Chief Financial Officer Conference Call Participants Thomas Shinske - Cantor Fitzgerald Ryan MacDonald - Needham & Company Dominique Manansala - Truist Securities Josh Baer - Morgan Stanley Steven Pawlak - Baird Noah Herman - JPMorgan Devin Au - Keybanc Operator Good day, and welcome to the Udemy Secon ...
Udemy, Inc. (UDMY) Reports Q2 Loss, Tops Revenue Estimates
ZACKS· 2024-07-31 23:20
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. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -300%. A quarter ago, it was expected that this company would post a loss of $0.01 per share when it actually produced earnings of $0.03, delivering a surprise of 400%. Over the last four quarters, the company has surpassed c ...
Udemy(UDMY) - 2024 Q2 - Quarterly Report
2024-07-31 22:13
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 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 Name of Registrant as Specified in its Charter) Delaware 27-17 ...
Udemy(UDMY) - 2024 Q2 - Quarterly Results
2024-07-31 20:08
Udemy Reports Second Quarter 2024 Results Enterprise Segment Total Customers 16,595 14,946 11 % Annual Recurring Revenue $ 492.6 $ 420.4 17 % UB Net Dollar Retention Rate 101 % 108 % (700) bps UB Large Customer Net Dollar Retention Rate108 % 115 % (700) bps Segment Revenue $ 120.6 $ 101.6 19 % $ 238.2 $ 196.9 21 % Segment Gross Profit $ 87.2 $ 67.7 29 % $ 171.9 $ 130.0 32 % Segment Gross Margin 72 % 67 % 600 bps 72 % 66 % 600 bps Consumer Segment Monthly Average Buyers 1.29 1.34 (4) % 1.36 1.37 — % Segment ...
Udemy to Announce Second Quarter 2024 Results on July 31
Newsfilter· 2024-07-12 13:25
About Udemy Investor Contact: Dennis Walsh Vice President, Investor Relations dennis.walsh@udemy.com 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. PT / 5 p.m. ET. Udemy (Nasdaq: UDMY) transforms lives ...
Udemy to Announce Second Quarter 2024 Results on July 31
GlobeNewswire News Room· 2024-07-12 13:25
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. PT / 5 p.m. ET. A link to the live webcast and recorded replay of the conference call will be available on the "Quarterly Results" section of Udemy's Inves ...
Udemy: Strong Secular Growth Tailwind And Competitive Advantage
seekingalpha.com· 2024-05-24 07:34
Maskot/DigitalVision via Getty Images Summary I give a Buy rating for Udemy (NASDAQ:UDMY), as I am a firm believer that online education has a long growth runway ahead of it, and UDMY is well positioned to take advantage of this secular tailwind. Its biggest competitive advantage stems from its two-sided marketplace model, which creates a strong flywheel effect. While recent financials have shown some weakness in growth, I believe that as the macro environment recovers, demand will recover accordingly, and ...
Udemy to Participate in Two June Investor Conferences
globenewswire.com· 2024-05-23 20:05
Company to webcast sessions from the William Blair Annual Growth Stock Conference on June 5 and the BofA Securities Global Technology Conference on June 6 SAN FRANCISCO, May 23, 2024 (GLOBE NEWSWIRE) -- Udemy (Nasdaq: UDMY), a leading online skills marketplace and learning platform, today announced that Udemy leadership will participate in two June investor conferences, including: Live webcasts will be available through the "Events & Presentations" section of Udemy's investor relations website at https://in ...
Udemy(UDMY) - 2024 Q1 - Quarterly Report
2024-05-06 20:55
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 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 Name of Registrant as Specified in its Charter) Delaware 27-1 ...