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Sep 30, 2022
Udemy Q3 2022 Earnings Report
Udemy's Q3 2022 results were driven by solid execution and healthy customer demand.
Key Takeaways
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.
Total revenue increased 22% year-over-year to $158.4 million.
Udemy Business revenue increased 67% year-over-year to $83.9 million, accounting for over 50% of total revenue.
Udemy Business Annual Recurring Revenue (ARR) increased 69% year-over-year to $350 million.
Consumer segment revenue decreased 6% year-over-year to $74.6 million, while monthly average buyers increased 4% year-over-year to 1.32 million.
Revenue by Segment
Forward Guidance
Udemy expects FX to continue to be a headwind in the fourth quarter of 2022. Assuming foreign currency exchange rates remain constant, FX is expected to impact total revenue year-over-year growth by approximately six percentage points in the fourth quarter of 2022.
Challenges Ahead
- FX is expected to impact total revenue year-over-year growth by approximately six percentage points in the fourth quarter of 2022.
- Udemy anticipates experiencing some seasonality during the fourth quarter due to increased marketing investments around Black Friday.
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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