The earnings call highlighted strong revenue performance, positive GAAP net income, and strategic initiatives in AI and partnerships that position Udemy well for future growth. However, challenges remain in the Consumer segment and with renewing COVID-era contracts, particularly impacting the SMB cohort.

Company Guidance -

Q3 2025

During the second quarter of 2025 earnings call, Udemy provided several key financial metrics and strategic updates. The company reported Q2 revenues of $200 million, reflecting a 3% year-over-year increase and surpassing the high end of their guidance range. The Udemy Business segment experienced a 7% year-over-year revenue growth, with an annual recurring revenue (ARR) of $520 million. Notably, Udemy achieved positive GAAP net income for the first time since its IPO, and its adjusted EBITDA exceeded expectations. The company outlined strategic priorities including a focus on subscription products, expanding partnerships, and positioning Udemy as an AI-powered skill acceleration platform. Approximately 70% of Udemy's top line is now subscription-based, and the company aims to grow consumer subscriptions to over 250,000 by year-end. Udemy also plans to pilot programmatic advertising on its platform to unlock new revenue streams. The call highlighted the importance of AI in Udemy's strategy, with initiatives such as AI role play and AI-powered learning paths playing crucial roles in upskilling workforces, aimed at differentiating Udemy from its competitors. The company anticipates an inflection point in growth due to strong pipeline generation, improving win rates, and AI-driven demand.

Exceeding Revenue Expectations

Udemy reported Q2 revenues of $200 million, up 3% year-over-year, surpassing the high end of the guidance range. The Udemy Business segment revenue increased by 7% year-over-year with an ARR of $520 million.

Positive GAAP Net Income

For the first time since its IPO, Udemy achieved positive GAAP net income, marking a significant milestone in the company's financial journey.

Strategic Partnerships Expansion

Udemy formed strategic partnerships with Indeed, UKG, and BCN Global to extend reach and impact, particularly in the LatAm market.

AI-Powered Skill Acceleration Platform

Udemy is positioning itself as a leading AI-powered skill acceleration platform, differentiating itself from competitors with AI-powered learning tools and personalized learning experiences.

Consumer Subscription Growth

Consumer subscription GMV saw growth of over 40% year-over-year in June and is tracking towards 50% year-over-year in July.

Launch of AI Roleplay and Assistant

Udemy launched AI-powered roleplay and an in-course AI assistant, enhancing the learning experience and engagement.

Udemy Inc (UDMY) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

UDMY Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 29, 2025	2025 (Q3)	0.09 / -	0.07	―	―	―
Jul 30, 2025	2025 (Q2)	0.12 / 0.16	-0.04	500.00% (+0.20)
Apr 30, 2025	2025 (Q1)	0.10 / 0.12	0.03	300.00% (+0.09)
Feb 13, 2025	2024 (Q4)	0.07 / 0.10	0.02	400.00% (+0.08)
Oct 29, 2024	2024 (Q3)	0.01 / 0.07	0.05	40.00% (+0.02)
Jul 31, 2024	2024 (Q2)	-0.01 / -0.04	-0.01	-300.00% (-0.03)
May 02, 2024	2024 (Q1)	-0.01 / 0.03	-0.06	150.00% (+0.09)
Feb 14, 2024	2023 (Q4)	-0.02 / 0.02	-0.16	112.50% (+0.18)	―
Nov 02, 2023	2023 (Q3)	-0.02 / 0.05	-0.15	133.33% (+0.20)
Aug 03, 2023	2023 (Q2)	-0.07 / -0.01	-0.1	90.00% (+0.09)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

UDMY Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 30, 2025	$6.99	$7.61	+8.87%
Apr 30, 2025	$6.87	$6.42	-6.55%
Feb 13, 2025	$7.82	$10.01	+28.01%
Oct 29, 2024	$8.46	$8.17	-3.43%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Udemy Inc (UDMY) report earnings?

Udemy Inc (UDMY) is schdueled to report earning on Oct 29, 2025, After Close (Confirmed).

What is Udemy Inc (UDMY) earnings time?

Udemy Inc (UDMY) earnings time is at Oct 29, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is UDMY EPS forecast?

UDMY EPS forecast for the fiscal quarter 2025 (Q3) is 0.09.

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