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Mar 31, 2022
Udemy Q1 2022 Earnings Report
Udemy's Q1 2022 results were reported, with revenue exceeding expectations driven by strong Udemy Business growth.
Key Takeaways
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.
Revenue totaled $152.2 million, up 22% year over year.
Udemy Business revenue totaled $64.9 million, up 77% year over year.
Udemy Business segment annual recurring revenue was $279.6 million, up 80% year over year.
Consumer revenue totaled $87.3 million, down 1% year over year.
Revenue by Segment
Forward Guidance
Udemy provided financial outlook for Q2 2022 and fiscal year 2022.
Positive Outlook
- Q2 2022 Revenue: $147.00 - $151.0 million
- FY22 Revenue: $610.0 - $640.0 million
- Q2 2022 Adjusted EBITDA Margin: (15)% - (12)%
- FY22 Adjusted EBITDA Margin: (12)% - (10)%
- Q2 2022 Weighted Average Share Count: 140 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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