Coursera (COUR) and Udemy (UDMY) have entered into a definitive merger agreement under which Coursera will combine with Udemy in an all-stock transaction. Based on the closing prices of Coursera and Udemy common stock on December 16, the implied equity value ...

North America Equity Research December 2025 US Internet 2026 Outlook Doug Anmuth AC (212) 622-6571 douglas.anmuth@jpmorgan.com J.P. Morgan Securities LLC Dae Lee, CFA AC (415) 315-8500 dae.k.lee@jpmorgan.com J.P. Morgan Securities LLC Bryan M. Smilek AC (212) 622-8886 bryan.smilek@jpmorgan.com J.P. Morgan Securities LLC Neeraj Kookada, CFA (212) 622-0270 neeraj.s.kookada@jpmorgan.com J.P. Morgan Securities LLC Margaret Hoffman (212) 622-1710 margaret.hoffman@jpmchase.com J.P. Morgan Securities LLC See the e ...

SAN FRANCISCO--(BUSINESS WIRE)--Udemy (Nasdaq: UDMY), a global AI-powered skills acceleration platform, today announced a new partnership with LG CNS, a leading AI transformation (AX) company in Korea. The partnership expands Udemy into Korea's corporate learning market, providing access to LG CNS's distribution network of 500+ enterprise clients and millions of professionals. Udemy will deliver its robust AI-powered platform, including MCP Server, AI Assistant, and Role Play, to address the cr. ...

Core Insights - Udemy has announced the phased rollout of a new AI-powered microlearning experience aimed at transforming skill development on its platform, catering to the evolving needs of learners and instructors [1][4]. Group 1: AI-Powered Microlearning Experience - The new microlearning approach will convert long-form video courses into adaptive, engaging, and interactive experiences optimized for both mobile and desktop learning [2][3]. - Instructors will utilize a "human-in-the-loop" method to review and validate microlearning content, ensuring quality before it reaches learners [3][4]. - The rollout of these instructor-validated microlearning experiences is scheduled to occur throughout 2026, accessible via Udemy.com, the mobile app, and enterprise learning environments [3][4]. Group 2: Instructor Engagement and Role - Instructors are viewed as central to the skill development process, acting as creative directors who curate and validate learning experiences [4][7]. - The AI-powered microlearning model emphasizes the importance of human insights and lived experiences in teaching, reinforcing Udemy's commitment to its instructor community [4][7]. - Opportunities for both existing and new instructors specializing in short-form, interactive learning experiences will be expanded [7]. Group 3: Market Position and Clientele - Udemy serves thousands of companies, including notable clients such as Ericsson, Samsung SDS America, and Volkswagen, providing enterprise solutions to build agile teams [8]. - The platform combines on-demand, multi-language content with real-time innovation to deliver personalized learning experiences [6].

Core Insights - Udemy has introduced new instructor-focused offerings to enhance the role of human expertise in the AI-driven learning landscape [1][2] - The global demand for upskilling is increasing, with nearly 60% of professionals requiring reskilling due to rapid changes driven by AI [1] Group 1: New Offerings - Instructor Subscriptions will allow instructors to offer live sessions, short-form content, and community features, aimed at generating recurring revenue and enhancing learner engagement [3] - AI-Powered Micro-Learning tools will enable instructors to convert long-form courses into interactive micro-learning experiences, catering to learners' needs in real-time [3] - A $2.5 million Content Innovation Fund will support instructors in developing next-generation learning formats, including subscription models and AI-driven content [4] Group 2: Market Trends - Learner expectations are shifting towards modular, continuous, and skills-focused learning experiences, prompting Udemy to adapt its offerings [5] - The innovations are designed to create new revenue streams for instructors beyond traditional course formats, thereby strengthening Udemy's subscription ecosystem [5] Group 3: Company Overview - Udemy is positioned as an AI-powered skills acceleration platform, helping organizations and individuals develop essential skills for a rapidly evolving workplace [7] - The company serves thousands of enterprises globally, including notable clients like Ericsson, Samsung, and The World Bank, emphasizing its role in workforce development [7]

With this partnership, professionals and organizations will gain access to: Together, these offerings equip teams across industries, roles, and regions to implement AI in ways that are practical, ethical, and sustainable—empowering a future-ready workforce with the skills, judgment, and accountability needed to lead in an AI-powered world. Learn more about this new partnership on the Udemy blog and get a head start on upskilling by checking out some of Udemy's existing AI upskilling initiatives. About Udemy ...

Core Insights - Udemy has formed a strategic partnership with Emtrain to enhance compliance and workplace culture training for enterprise customers, addressing rising regulatory pressures and improving workforce performance [1][3][4] Company Overview - Udemy is an AI-powered skills acceleration platform that provides on-demand learning solutions to organizations globally, helping them build necessary capabilities for a rapidly evolving workplace [5][6] - Emtrain specializes in compliance training and risk intelligence solutions, focusing on managing employee behavior and preventing issues through scenario-based courses [7] Partnership Details - The collaboration will allow organizations to develop critical skills in areas such as data privacy, anti-harassment, and AI governance through Emtrain's content on Udemy's platform [2][3] - This partnership aims to create a comprehensive workforce enablement solution, making it easier for employees to develop vital skills seamlessly in their work environment [1][3] Market Context - The global corporate compliance training market is valued in the multibillion-dollar range, with increasing demand due to rising regulatory complexity and evolving data privacy and cybersecurity requirements [3] - Compliance training has been shown to reduce unhealthy behaviors by 25% and improve adherence to cybersecurity and regulatory protocols, although 7% of employees still perceive gaps in leadership structures [3] Industry Challenges - Harassment and discrimination claims have surged by 47%, indicating a growing need for effective compliance programs that enhance both employee and business skills [4] - Organizations are increasingly seeking a single partner for skills development to address these challenges and improve compliance frameworks [4]

Core Insights - Udemy, Inc. is recognized as a promising EdTech stock, with KeyBanc maintaining an Overweight rating while lowering the price target to $9 from $11 due to an accelerated shift towards subscription models [1][3]. Financial Performance - For Q3 2025, Udemy reported revenue of approximately $195.7 million, slightly exceeding expectations, with a strong emphasis on the transition to recurring subscription revenue [2][3]. - The company highlighted continued traction in its subscription businesses, which aligns with its strategic update earlier in the year [3]. Market Position and Strategy - Udemy operates a global learning marketplace and an enterprise offering, Udemy Business, providing curated course libraries and hands-on learning tools to organizations worldwide [4]. - The commentary surrounding the Q3 results focused on the implications of the subscription mix for both near-term growth and long-term sustainability [2][3].

Core Insights - Udemy, Inc. reported revenue of $195.68 million for the quarter ended September 2025, reflecting a year-over-year increase of 0.1% and an EPS of $0.13, up from $0.07 a year ago [1] - The revenue exceeded the Zacks Consensus Estimate of $193.15 million by 1.31%, and the EPS surpassed the consensus estimate of $0.10 by 30% [1] Financial Performance Metrics - The Enterprise Segment's Annual Recurring Revenue was $527.2 million, slightly below the average estimate of $529.52 million from two analysts [4] - The Consumer Segment had a monthly average of 1.2 million buyers, which was lower than the estimated 1.27 million [4] - Total customers in the Enterprise Segment reached 17,111, compared to the average estimate of 17,241 [4] - Revenue from the Enterprise Segment was $132.8 million, exceeding the estimated $129.78 million, representing a year-over-year increase of 5.3% [4] - Revenue from the Consumer Segment was $62.88 million, slightly below the estimated $63.15 million, showing a year-over-year decline of 9.3% [4] Stock Performance - Udemy's shares have returned -2.3% over the past month, while the Zacks S&P 500 composite increased by 3.8% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

Core Insights - Udemy, Inc. reported quarterly earnings of $0.13 per share, exceeding the Zacks Consensus Estimate of $0.10 per share, and showing an increase from $0.07 per share a year ago, resulting in an earnings surprise of +30.00% [1] - The company achieved revenues of $195.68 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 1.31% and slightly up from $195.42 million year-over-year [2] - Udemy has consistently surpassed consensus EPS and revenue estimates over the last four quarters [2] Earnings Outlook - The future performance of Udemy's stock will largely depend on management's commentary during the earnings call and the sustainability of its immediate price movement based on the recently released numbers [3][4] - The current consensus EPS estimate for the upcoming quarter is $0.10 on revenues of $196.65 million, and for the current fiscal year, it is $0.47 on revenues of $789.99 million [7] Industry Context - The Internet - Software industry, to which Udemy belongs, is currently ranked in the top 30% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]