NASDAQ$UDMY
Udemy Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Udemy's Q3 2021 results were reported, showing revenue growth and strategic advancements.
Udemy reported a 9% increase in revenue year-over-year, totaling $129.6 million. Udemy Business revenue grew significantly by 84% year-over-year, reaching $50.4 million, with an ARR of $207.4 million. Despite overall revenue growth, the company experienced a GAAP net loss of $9.3 million, compared to a net income of $1.9 million in the same quarter of the previous year.
- Udemy's total revenue increased by 9% year-over-year, reaching $129.6 million.
- Udemy Business experienced substantial growth, with revenue up 84% year-over-year and an ARR of $207.4 million.
- The company launched Udemy Business Pro and acquired CorpU to enhance its offerings.
- Udemy expanded its international reach through key partnerships in Korea, China, and Sub-Saharan Africa.
Headline financials
Revenue & EPS history
Udemy · Revenue · Quarterly
$130M
Revenue by segment
Udemy · $130M total across 2 segments · Q3 2021
- Consumer$79.2M-13.0%61.1%
- Udemy Business$50.4M+83.9%38.9%
Forward guidance
Udemy provided financial outlook for Q4 2021, projecting revenue between $130.0 - 134.0 million and Adjusted EBITDA between $(28.5) - (24.5) million.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports
+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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