Udemy reports revenue $158mn, up 22% YoY in 3Q22. Loss from operations reached $43.3mn. We expected revenue of $159.1mn and operating loss of $18.8mn for the period. The company has 57mn learners globally and offers them 213k courses from 74k instructors. The number of monthly average buyers increased 4.2% YoY and 2% QoQ to 1,316k in 3Q22. The number of business users increased by 40% YoY and by 7.5% QoQ to 13,437, which resulted in a 68.9% YoY annual recurring revenue growth in the business seg ....
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Udemy - 3Q22 and Investor Day takeaways
- Published:
25 Nov 2022 -
Author:
Marina Alekseenkova -
Pages:
6
Udemy reports revenue $158mn, up 22% YoY in 3Q22. Loss from operations reached $43.3mn. We expected revenue of $159.1mn and operating loss of $18.8mn for the period. The company has 57mn learners globally and offers them 213k courses from 74k instructors. The number of monthly average buyers increased 4.2% YoY and 2% QoQ to 1,316k in 3Q22. The number of business users increased by 40% YoY and by 7.5% QoQ to 13,437, which resulted in a 68.9% YoY annual recurring revenue growth in the business seg ....