Udemy reports Q3 EPS 1c, consensus 9c

Reports Q3 revenue $195.7M, consenseus $193.09M. “Our Q3 results demonstrate strong momentum as Udemy (UDMY) evolves towards becoming the world’s leading AI-powered skills acceleration platform,” said Hugo Sarrazin, President and CEO of Udemy. “Given our excellent progress in the strategic shift toward higher-value recurring revenue streams, we are accelerating our consumer subscription-first approach. This strategic pivot impacts near-term Consumer segment growth but significantly shortens our path to a more durable, predictable business model with compelling unit economics.”