Loading...
•
Jun 30, 2024
Udemy Q2 2024 Earnings Report
Udemy's Q2 2024 financial results were reported, with revenue at the high end of guidance and Adjusted EBITDA exceeding expectations.
Key Takeaways
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.
Total revenue increased 9% year-over-year to $194.4 million.
Udemy Business revenue increased 19% year-over-year to $120.6 million.
Udemy Business Annual Recurring Revenue (ARR) increased 17% year-over-year to $492.6 million.
Strategic shift announced to focus on highest-growth large enterprise customers.
Revenue by Segment
Forward Guidance
Udemy expects revenue between $191 to $194 million for Q3 2024 and between $776 to $782 million for the full year 2024. Adjusted EBITDA margin is expected to be between 1200 to 300 basis points for Q3 2024 and between 250 to 350 basis points for the full year 2024.
Positive Outlook
- Revenue guidance range assumes historical changes in FX rates will have a negative two percentage point impact on third quarter year-over-year revenue growth and a negative two point impact on full year 2024 revenue growth.
- Udemy's revenue guidance assumes FX rates will remain unchanged from the end of the second quarter of 2024.
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
Loading earnings performance data...
Loading earnings reaction data...