Udemy reports Q4 EPS (13c), consensus (2c)

Reports Q4 revenue $189.5M, consensus $186.05M…”Udemy ended the year with solid fourth quarter and full year 2023 results that exceeded expectations as we executed on all of our strategic priorities,” said Greg Brown, Udemy’s President and CEO. “Companies around the world are partnering with us to support their transformation to becoming skills-based organizations and to stay current with technological advancements, such as generative AI, resulting in more than 13 billion minutes of learning on Udemy’s platform in 2023. With a disciplined approach to operational efficiency throughout the organization, we delivered our first full year of positive adjusted EBITDA ahead of plan. While the challenging operating environment creates some near-term headwinds, we remain as positive as ever about the long-term growth opportunities available to us. “Finally, our share repurchase program underscores the confidence that our board and management team have in our strategy and the future of Udemy and reinforces our commitment to deliver returns for Udemy shareholders,” concluded Brown.