NASDAQ$UDMY

Udemy Inc · Q2 2025 earnings

Q2 2025 earnings · · After market close · Investor relations

Briefing

Udemy reported Q2 2025 revenue of $199.9M, net income of $6.3M, diluted EPS of $0.04.

For Q2 2025, Udemy reported Revenue was $199.9M, net income was $6.3M, diluted EPS was $0.04. Management discusses segment trends, liquidity, and outlook in the quarterly filing.

  • Revenue $199.9M for Q2 2025.
  • Net income $6.3M.
  • Diluted EPS $0.04.

Headline financials

Total Revenue

$200M

Previous: $194M+2.8%
EPS (adj)

$0.04

Previous: -$0.21+119.0%
Udemy Business Customers

17.1K

Previous: 16.6K+3.1%
Consumer Monthly Average Buyers

1.2M

Previous: 1.3M-3.9%
UB Annual Recurring Revenue

$520M

Previous: $493M+5.6%
Consumer Paid Subscribers

200.0K

No prior period
Capital Expenditures

-$4.66M

Previous: -$554K-741.3%
Net Income

$6.27M

Previous: -$31.8M+119.7%
Operating Income

$3.93M

Previous: -$25.5M+115.4%
Gross Profit

$132M

Previous: $121M+9.0%

Revenue & EPS history

Udemy · Revenue · Quarterly

$200M

Q2 2025+2.8%vs Q2 2024
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Udemy · $76.6M total across 1 segment · Q2 2023

  • Consumer
    $76.6M-2.4%

Forward guidance

Technology outlook cites AI adoption, cloud demand, and platform investment.

Tailwinds

  • Cloud, AI, and subscription revenue growth.
  • Backlog and enterprise contract wins.

Headwinds

  • Competition and elevated capex/R&D spend.
  • Regulatory scrutiny on platforms and data.

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 2025

Historical avgQ2 2025

+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

Earnings price reactions
QuarterReport dateReaction (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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