NASDAQ$UDMY
Udemy Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Udemy's Q3 2022 results were driven by solid execution and healthy customer demand.
Udemy's total revenue increased by 22% year-over-year to $158.4 million, with Udemy Business revenue growing by 67% and accounting for over 50% of the total revenue mix. The company's Udemy Business Annual Recurring Revenue (ARR) increased 69% year-over-year to $350 million.
- Total revenue increased 22% year-over-year to $158.4 million.
- Udemy Business revenue increased 67% year-over-year to $83.9 million, accounting for over 50% of total revenue.
- Udemy Business Annual Recurring Revenue (ARR) increased 69% year-over-year to $350 million.
- Consumer segment revenue decreased 6% year-over-year to $74.6 million, while monthly average buyers increased 4% year-over-year to 1.32 million.
Headline financials
Revenue & EPS history
Udemy · Revenue · Quarterly
$158M
Revenue by segment
Udemy · $159M total across 2 segments · Q3 2022
- Udemy Business$83.9M+66.5%52.9%
- Consumer$74.6M-5.8%47.1%
Forward guidance
Udemy expects FX to continue to be a headwind in the fourth quarter of 2022. Assuming foreign currency exchange rates remain constant, FX is expected to impact total revenue year-over-year growth by approximately six percentage points in the fourth quarter of 2022.
Headwinds
- FX is expected to impact total revenue year-over-year growth by approximately six percentage points in the fourth quarter of 2022.
- Udemy anticipates experiencing some seasonality during the fourth quarter due to increased marketing investments around Black Friday.
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 Q3 2022
+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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