Trade Udemy, Inc. - UDMY CFD

Udemy, Inc. Company profile

About Udemy Inc

Udemy, Inc. is an online learning platform provider. The Company offers online learning platform to provide Technical skills, business skills and personal development. The Company's platform provides approximately over 44 million learners with access to approximately over 183,000 courses in 75 languages and over 180 countries. Its courses can be accessed through direct-to-consumer or Udemy Business (UB) offerings. Courses offer learning objectives such as reskilling or upskilling in technology and business, enhancing soft skills, and personal development. Its learners receive access to interactive learning tools such as quizzes, exercises, and instructor questions-and-answers (Q&A). It creates groups and adds users to their learning portal; assigns courses to individuals or groups; employees can learn anytime, anywhere, and measures engagement and course completion. The Company operates two segments: Consumer and Enterprise.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Udemy Inc revenues increased 21% to $518.2M. Net loss increased less than 1% to $77.5M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net loss reflects Interest income (expense), net decrease of 99% to $16K (expense), Stock-based Compensation in SG decrease of 5% to $17.6M (expense).