NASDAQ$UDMY

Udemy Inc · Q3 2025 earnings

Q3 2025 earnings · · After market close · Investor relations

Briefing

Udemy reported Q3 2025, revenue of $195.7M, net income of $1.6M.

For Q3 2025, Udemy reported revenue of $195.7M, net income of $1.6M. The filing discusses segment trends, liquidity, and management outlook for upcoming periods.

  • Revenue $195.7M.
  • Net income $1.6M.
  • Udemy highlights operating priorities and capital allocation.

Headline financials

Total Revenue

$196M

Previous: $195M+0.1%
EPS (adj)

$0.13

Previous: -$0.17+176.5%
Udemy Business Customers

17.1K

Previous: 16.8K+1.6%
Consumer Monthly Average Buyers

1.2M

Previous: 1.3M-8.4%
UB Annual Recurring Revenue

$527M

Previous: $505M+4.5%
Consumer Paid Subscribers

294.0K

Previous: 156.0K+88.5%
Capital Expenditures

-$5.28M

Previous: -$1.12M-373.2%
Net Income

$1.64M

Previous: -$25.3M+106.5%
Operating Income

-$162K

Previous: -$29.5M+99.5%
Gross Profit

$129M

Previous: $123M+4.7%

Revenue & EPS history

Udemy · Revenue · Quarterly

$196M

Q3 2025+0.1%vs Q3 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

The release discusses Udemy's outlook, capital allocation, and key risks for upcoming quarters, including guidance ranges or operating priorities where disclosed.

Tailwinds

  • Udemy cites demand and execution supporting the near-term outlook.
  • Liquidity and balance-sheet capacity support operations and shareholder returns.

Headwinds

  • Macro, input costs, and FX may pressure margins quarter to quarter.
  • Segment mix and one-time items can affect comparability versus prior periods.

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 2025

Historical avgQ3 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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