Udemy demonstrated strong execution in Q4 and throughout 2025, achieving 8% growth in full-year consolidated subscription revenue, which now represents 72% of total revenue. The company also expanded its full year 2025 Adjusted EBITDA Margin by 700 basis points, driven by operational excellence and cost efficiencies. Net income for the full year was positive, and the company ended the year with nearly $360 million in cash, cash equivalents, and marketable securities.

Udemy demonstrated strong momentum in Q3 2025, with revenue remaining stable year-over-year and a significant improvement in net income, turning a loss into a profit. The company surpassed its full-year target for paid consumer subscribers early, driven by a strategic shift towards higher-value recurring revenue streams, particularly in the Consumer segment.

Udemy reported a strong second quarter in 2025, achieving GAAP profitability with a net income of $6.3 million, a significant improvement from a loss in the prior year. Total revenue increased by 3% year-over-year to $199.9 million, driven by a 7% growth in the Enterprise segment. The company also reported positive free cash flow of $39.0 million and surpassed 200,000 paid consumer subscribers.

Udemy exceeded expectations for both revenue and Adjusted EBITDA in Q1 2025, with total revenue increasing 2% year-over-year to $200.3 million and Adjusted EBITDA reaching $21.1 million. The Enterprise segment showed strong growth, while the Consumer segment saw a decrease in revenue. The company also launched new AI-powered subscription learning paths.

Udemy concluded 2024 with robust performance, exceeding revenue expectations and achieving record Adjusted EBITDA. The company's strategic pivot towards serving large enterprise customers is on track, despite anticipating 2025 to be a transition year. Key highlights include significant growth in Enterprise segment revenue and a substantial increase in Adjusted EBITDA margin.

Udemy's Q3 2024 results showed a 6% increase in total revenue to $195.4 million. The company surpassed $500 million in Udemy Business Annual Recurring Revenue and raised its full year 2024 adjusted EBITDA outlook due to disciplined operational efficiency. Adjusted EBITDA increased 41% year-over-year to $11.6 million.

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.

Udemy's Q1 2024 results showed a 12% year-over-year revenue increase to $196.8 million, exceeding guidance. The company's Enterprise segment (Udemy Business) grew by 24%, while Consumer segment revenue decreased by 2%. The board authorized a $50 million expansion of the share repurchase program to $150 million, reflecting confidence in the company's long-term opportunity.

Udemy's Q4 2023 results showed a 15% increase in total revenue year-over-year, reaching $189.5 million. The Enterprise segment revenue grew by 27%, while the Consumer segment revenue remained flat. The company ended the quarter with $480.9 million in cash, cash equivalents, restricted cash, and marketable securities.

Udemy's Q3 2023 earnings showcased strong performance with revenue exceeding guidance and a 17% year-over-year increase. The company achieved its second consecutive quarter of positive adjusted EBITDA and free cash flow. Udemy Business revenue grew by 30% year-over-year, driven by new customer additions and expansions.

Udemy's Q2 2023 results showed strong performance with a 16% increase in total revenue, driven by a 36% increase in Udemy Business revenue. The company also achieved its first quarter of positive adjusted EBITDA as a public company.

Udemy's Q1 2023 total revenue increased by 16% year-over-year to $176.4 million. Udemy Business revenue grew by 47% year-over-year. The company is focused on operational efficiency and making progress toward profitability.

Udemy's Q4 2022 saw a 22% year-over-year increase in total revenue, reaching $165.3 million. Udemy Business revenue grew by 57% to $90.6 million, while Consumer segment revenue decreased by 4% to $74.7 million. The company is focusing on balancing growth and margin expansion, aiming for adjusted EBITDA profitability in the second half of 2023.

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.

Udemy reported a 21% year-over-year increase in revenue, reaching $153.1 million, driven by strong growth in its Udemy Business segment, which saw a 77% increase in revenue. The company's GAAP net loss was $(29.4) million, and non-GAAP net loss was $(13.6) million.

Udemy reported a 22% year-over-year increase in revenue, reaching $152.2 million in Q1 2022. Udemy Business revenue grew by 77% year-over-year, while consumer revenue decreased by 1%. The company's GAAP net loss was $(25.6) million, and non-GAAP net loss was $(11.2) million.

Udemy reported a 25% increase in revenue for Q4 2021, totaling $138.0 million. Udemy Business revenue saw significant growth, increasing by 81% year-over-year. The company's consumer business stabilized, and the marketplace added over 5,000 new courses per month.

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.