NASDAQ$UDMY
Udemy Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Udemy reported strong Q1 2023 results, exceeding expectations for revenue and adjusted EBITDA margin.
Udemy's Q1 2023 total revenue increased by 16% year-over-year to $176.4 million. Udemy Business revenue grew by 47% year-over-year. The company is focused on operational efficiency and making progress toward profitability.
- Total revenue increased 16% year-over-year to $176.4 million.
- Udemy Business revenue increased 47% year-over-year to $95.2 million.
- Udemy Business Annual Recurring Revenue (ARR) increased 42% year-over-year to $396.0 million.
- Launched innovative AI-powered tool for instructors to develop coding exercises
Headline financials
Revenue & EPS history
Udemy · Revenue · Quarterly
$176M
Revenue by segment
Udemy · $81.2M total across 1 segment · Q1 2023
- Consumer$81.2M-7.0%100.0%
Forward guidance
Udemy provides revenue guidance for the second quarter of 2023 to be between $172 million and $174 million and full year ending December 31, 2023 revenue to be between $702 million - $730 million. Adjusted EBITDA margin for the second quarter is expected to be between (5)% - (3)% and for the full year to be between (3.5)% - (1.5)%.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2023
+2.0%
Avg return
Earnings day
+1.9%
Avg return
5 days after
-0.6%
Avg return
30 days after
50%
12 / 24 earnings
Positive
+40.7%
Q3 2023
Best reaction
-22.1%
Q4 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.9% | — | — | |
| Q4 2025 | +0.0% | -2.3% | +3.8% | |
| Q3 2025 | -11.6% | -16.5% | -20.4% | |
| Q2 2025 | +9.2% | +4.6% | -1.9% | |
| Q1 2025 | -6.6% | -5.7% | +6.6% | |
| Q4 2024 | +28.0% | +29.2% | +4.9% | |
| Q3 2024 | -1.1% | -2.7% | -2.5% | |
| Q2 2024 | -17.7% | -22.2% | -7.3% | |
| Q1 2024 | +0.7% | +0.2% | -12.1% | |
| Q4 2023 | -22.1% | -20.9% | -21.4% | |
| Q3 2023 | +40.7% | +40.9% | +67.2% | |
| Q2 2023 | -4.5% | -4.1% | -9.6% | |
| Q1 2023 | +2.9% | +1.5% | +21.4% | |
| Q4 2022 | -0.7% | -11.8% | -23.9% | |
| Q3 2022 | -3.9% | +0.8% | -2.7% | |
| Q2 2021 | +23.0% | +23.2% | +21.7% | |
| Q2 2022 | +23.0% | +23.2% | +21.7% | |
| Q1 2021 | +5.1% | +18.8% | +39.5% | |
| Q1 2022 | +5.1% | +18.8% | +39.5% | |
| Q4 2019 | +1.0% | +3.2% | -15.0% | |
| Q4 2021 | -13.0% | -14.2% | -30.8% | |
| Q3 2020 | +0.2% | -7.0% | -30.2% | |
| Q4 2020 | +0.2% | -7.0% | -30.2% | |
| Q3 2021 | -6.5% | -5.8% | -32.5% | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
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