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Jun 30, 2022
Udemy Q2 2022 Earnings Report
Udemy's Q2 2022 results were reported, featuring a 77% year-over-year increase in Udemy Business revenue and a 74% increase in ARR to $316.1 million.
Key Takeaways
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.
Revenue totaled $153.1 million, up 21% year-over-year.
Udemy Business revenue totaled $74.6 million, up 77% year-over-year.
Udemy Business annual recurring revenue was $316.1 million, up 74% year-over-year.
Consumer revenue totaled $78.5 million, down 7% year-over-year.
Revenue by Segment
Forward Guidance
Udemy provided financial outlook for the third quarter ending September 30, 2022 and fiscal year ending December 31, 2022.
Positive Outlook
- Q3 2022 Revenue is expected to be between $153.0 - $157.0 million.
- FY2022 Revenue is expected to be between $615.0 - $640.0 million.
- Q3 2022 Adjusted EBITDA Margin is expected to be between (14)% - (12)%.
- FY2022 Adjusted EBITDA Margin is expected to be between (12)% - (10)%.
- Q3 2022 Weighted Average Share Count is expected to be 141 million.
- FY2022 Weighted Average Share Count is expected to be 142 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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