NASDAQ$UDMY
Udemy Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Udemy's Q2 2024 financial results were reported, with revenue at the high end of guidance and Adjusted EBITDA exceeding expectations.
Udemy reported a 9% year-over-year increase in revenue to $194.4 million for Q2 2024. The company is shifting its strategic focus to large enterprise customers to accelerate profitability, targeting $130 to $150 million of Adjusted EBITDA for full year 2026.
- Total revenue increased 9% year-over-year to $194.4 million.
- Udemy Business revenue increased 19% year-over-year to $120.6 million.
- Udemy Business Annual Recurring Revenue (ARR) increased 17% year-over-year to $492.6 million.
- Strategic shift announced to focus on highest-growth large enterprise customers.
Headline financials
Revenue & EPS history
Udemy · Revenue · Quarterly
$194M
Revenue by segment
Udemy · $76.6M total across 1 segment · Q2 2023
- Consumer$76.6M-2.4%100.0%
Forward guidance
Udemy expects revenue between $191 to $194 million for Q3 2024 and between $776 to $782 million for the full year 2024. Adjusted EBITDA margin is expected to be between 1200 to 300 basis points for Q3 2024 and between 250 to 350 basis points for the full year 2024.
Tailwinds
- Revenue guidance range assumes historical changes in FX rates will have a negative two percentage point impact on third quarter year-over-year revenue growth and a negative two point impact on full year 2024 revenue growth.
- Udemy's revenue guidance assumes FX rates will remain unchanged from the end of the second quarter of 2024.
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 Q2 2024
+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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