Udemy, Inc. Q3 2025 Earnings Recap

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.