Udemy, Inc. (UDMY)

Over the past six months, Udemy's stock price has declined, with the share price at $6.81 as of October 24, 2025, down from $8.26 on October 28, 2024, representing a 17.55% decrease. Key events include the Q2 2025 earnings release, which reported $0.16 earnings per share (EPS), surpassing estimates, and revenue of $199.88 million, exceeding analyst estimates. Udemy's board initiated a stock repurchase plan, authorizing the company to repurchase $50.00 million in outstanding shares. Several institutional investors modified their holdings, with Osaic Holdings Inc. and Prudential Financial Inc. buying new positions, while Tower Research Capital LLC TRC significantly boosted its holdings. Analysts anticipate earnings of $0.10 per share and revenue of $193.0930 million for the upcoming Q3 2025 results.

Online learning platforms can experience fluctuations in demand based on academic calendars, corporate training cycles, and individual upskilling trends. For individual learners, demand might increase during periods of career transition, New Year's resolutions, or when individuals have more free time. For Udemy Business, demand could be tied to corporate budgeting cycles for training and development. Udemy would likely experience and account for seasonal fluctuations in its product and service demand. Promotional events and sales can also influence demand patterns, creating artificial peaks.

Udemy, Inc. is an online learning and teaching marketplace offering courses for individuals and enterprises, operating in the Education & Training Services sector and EdTech industry. Its business model uses instructor-creators to publish content worldwide, providing a scalable marketplace model with low content creation costs. The company is shifting towards enterprise customers through its "Udemy Business" unit and embedding AI tools for learning and content creation. Udemy's major products include a broad marketplace of online courses covering diverse subjects and Udemy Business, which provides an online learning platform with over 30,000 courses designed to drive innovation and impact within organizations.

Udemy is headquartered in San Francisco, USA, with additional hubs in the United States, Australia, India, Ireland, Mexico, and Türkiye. The company's model leverages a worldwide instructor marketplace, indicating a global reach in its operations and user base. Udemy is actively working to expand its footprint in key global markets.

Udemy's brand reputation appears to be strong, particularly in online learning and professional development. Udemy was rated the most popular online course for learning how to code in StackOverflow's 2023 Developer survey. Testimonials highlight Udemy's role as a "game-changer" and a "great guide" for individuals in acquiring real-world skills and advancing their careers. Udemy Business is recognized for enabling employees to develop both technology and soft skills, driving career progression. Udemy has recently repositioned itself as an AI-powered reskilling platform, which is a significant strategic shift. In June 2025, Udemy expanded its leadership team with three key appointments to accelerate its AI-powered transformation and global partner strategy. Udemy's flagship event in India, FWD India 2025, will focus on how AI is reshaping learning, skills, and business outcomes.

Udemy, Inc. has a diverse ownership structure, with institutional shareholders owning 83.47% of the company. Insight Holdings Group, LLC holds the largest share, followed by Naspers Ltd, Caledonia (Private) Investments Pty Ltd, Vanguard Group Inc., and BlackRock, Inc. Jeffrey Lieberman is the largest individual Udemy shareholder, owning 38.12 million shares, representing 25.80% of the company.