2023-05-03 17:56:28 ET
- Udemy press release ( NASDAQ: UDMY ): Q1 Non-GAAP EPS of -$0.06 beats by $0.08 .
- Revenue of $176.4M (+15.9% Y/Y) beats by $5.45M .
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Udemy Business delivered 47% year-over-year revenue growth.
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Ending ARR grew 42% year-over-year to reach $396 million.
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The following table reflects Udemy’s financial outlook for its second quarter and full year ending December 31, 2023: FY23 Revenue of $702 - $730 million vs. consensus of $724.86M; Adjusted EBITDA Margin of (3.5)% - (1.5)%.
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Q2 outlook: Revenue of $172 - $174 million vs. consensus of $173.67M; Adjusted EBITDA Margin of (5)% - (3)%.
For further details see:
Udemy beats Q1 top and bottom line estimates; initiates Q2 and updates FY23 outlook