Udemy reports Q1 EPS (1c), consensus 10c

Reports Q1 revenue $200.3M, consensus $197.2M. “I am pleased that our Q1 results exceeded expectations for both revenue and adjusted EBITDA,” said Hugo Sarrazin, President and CEO of Udemy (UDMY). “Udemy pioneered the democratization of learning by bringing expert-led content online at scale, and now we stand at the forefront of an even more profound transformation powered by generative AI. The global reskilling imperative has accelerated as businesses navigate economic uncertainty, rush to develop essential AI fluency, and adapt to fundamental shifts in labor markets. Udemy is uniquely positioned to address these needs with its unrivaled combination of marketplace scale, enterprise solutions, and AI-powered capabilities. Udemy’s offerings are becoming more essential than ever and the opportunities remain massive, strengthening our value proposition and confidence in our ability to create significant long-term value for all stakeholders.”