Udemy demonstrated strong execution in Q4 and throughout 2025, achieving 8% growth in full-year consolidated subscription revenue, which now represents 72% of total revenue. The company also expanded its full year 2025 Adjusted EBITDA Margin by 700 basis points, driven by operational excellence and cost efficiencies. Net income for the full year was positive, and the company ended the year with nearly $360 million in cash, cash equivalents, and marketable securities.
Full year 2025 consolidated subscription revenue increased 8% year-over-year.
Added $13 million in Net New Annual Recurring Revenue in Q4.
Net Dollar Retention Rate stabilized at 97% for Large Customers and 93% total.
Expanded full year 2025 Adjusted EBITDA Margin by 700 basis points.
Udemy will not host a conference call to discuss the results and will not provide financial guidance due to the pending combination with Coursera.
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