Udemy Inc is an online learning and education platform that offers a vast selection of courses across various subjects, ranging from programming and business skills to personal development and creative arts
The platform allows individuals and organizations to create, share, and purchase courses, making quality education accessible to learners worldwide. With a focus on flexible and self-paced learning, Udemy empowers users to enhance their skills, advance their careers, and pursue personal growth through a diverse array of instructional content provided by experts and industry professionals.
Shares of online learning platform Udemy (NASDAQUDMY) jumped 32.6% in the afternoon session after the company reported strong fourth-quarter results, which beat across the key metrics we track, including sales, EBITDA, and earnings. It also provided optimistic EBITDA guidance for the next quarter, which outperformed analysts' expectations. Revenue grew year on year, driven by an 18% increase in the Enterprise segment, which offset a decline in the Consumer business.
Gross margin expanded significantly given the shift to large enterprise deals, helping adjusted EBITDA beat estimates. EPS benefited from these margin improvements, beating expectations by a noteworthy margin.
Online learning platform Udemy (NASDAQUDMY) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, with sales up 5.5% year on year to $199.9 million. On the other hand, next quarter’s revenue guidance of $197 million was less impressive, coming in 2.7% below analysts’ estimates. Its non-GAAP profit of $0.10 per share was 53.4% above analysts’ consensus estimates.
Over the past six months, Udemy’s shares (currently trading at $7.44) have posted a disappointing 14.2% loss, well below the S&P 500’s 9.2% gain. This may have investors wondering how to approach the situation.
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The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Bumble (NASDAQBMBL) and the rest of the consumer subscription stocks fared in Q3.
Udemy and Coursera are turning around with AI-powered features and growing demand for upskilling, offering growth potential for investors in education stocks.
Online learning platform Udemy (NASDAQUDMY) reported Q3 CY2024 results beating Wall Street’s revenue expectations, with sales up 5.8% year on year to $195.4 million. On the other hand, the company expects next quarter’s revenue to be around $194.5 million, slightly below analysts’ estimates. Its non-GAAP profit of $0.07 per share was also 513% above analysts’ consensus estimates.
