Udemy(UDMY) - 2024 Q2 - Quarterly Results

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 ...