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Dec 31, 2021
Udemy Q4 2021 Earnings Report
Udemy's Q4 2021 earnings were reported, with revenue up 25% year over year and Udemy Business revenue up 81%.
Key Takeaways
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.
Revenue totaled $138.0 million, up 25% year over year.
Udemy Business revenue totaled $57.8 million, up 81% year over year.
GAAP net loss was ($38.9 million), compared to ($27.0 million) in the fourth quarter of fiscal 2020.
Udemy Business segment annual recurring revenue was $239.3 million, up 74% year over year.
Revenue by Segment
Forward Guidance
Udemy provided revenue guidance for Q1 2022 and fiscal year 2022. They anticipate revenue between $144.0 - $148.0 million for Q1 2022 and $610.0 - $640.0 million for fiscal year 2022.
Positive Outlook
- Q1 2022 Revenue: $144.0 - $148.0 million
- FY22 Revenue: $610.0 - $640.0 million
- FY22 Consumer Segment Revenue: $310.0 - $330.0 million
- FY22 Udemy Business Segment Revenue: 70%+ year-over-year growth
- FY22 Udemy Business Segment Revenue: $300.0 - $310.0 million
Challenges Ahead
- Q1 2022 Consumer Segment Revenue: (6%) - 0% year-over-year growth
- Q1 2022 Adjusted EBITDA Margin: (11%) - (9%)
- FY22 Adjusted EBITDA Margin: (12%) - (10%)
- Q1 2022 Weighted Average Share Count: 139 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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