Udemy, Inc.

Udemy, Inc. Earnings Recaps

UDMY 1 recap
Q3 2025 Oct 30, 2025

Udemy demonstrated robust growth in Q3 2025, driven by an 8% year-over-year increase in subscription revenue, which now comprises 74% of total revenue. Notably, the company exceeded its revenue guidance and continued its streak of positive adjusted EBITDA over 15 quarters.

Key takeaways
  • Subscription revenue surged 43% year-over-year in the Consumer segment, underscoring the value of ongoing learner engagement.
  • The Udemy Business segment achieved a 5% year-over-year revenue increase with $7 million in net new ARR, highlighting its strong enterprise demand.
  • The introduction of AI-driven features enhances the learning experience, positioning Udemy as an essential platform for continuous skill development amidst evolving workplace needs.
  • The company is focusing on a dual strategy that leverages both enterprise and consumer markets, driven by a unique blend of human expertise and AI technology to deliver measurable skill outcomes.
Full recap