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Udemy Inc (UDMY)



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Upturn Advisory Summary
09/16/2025: UDMY (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $10.17
1 Year Target Price $10.17
5 | Strong Buy |
2 | Buy |
5 | Hold |
0 | Sell |
1 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -51.25% | Avg. Invested days 20 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.05B USD | Price to earnings Ratio - | 1Y Target Price 10.17 |
Price to earnings Ratio - | 1Y Target Price 10.17 | ||
Volume (30-day avg) 13 | Beta 1.77 | 52 Weeks Range 5.68 - 10.61 | Updated Date 09/16/2025 |
52 Weeks Range 5.68 - 10.61 | Updated Date 09/16/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.21 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -3.85% | Operating Margin (TTM) 2.02% |
Management Effectiveness
Return on Assets (TTM) -2.22% | Return on Equity (TTM) -12.62% |
Valuation
Trailing PE - | Forward PE 35.84 | Enterprise Value 695207156 | Price to Sales(TTM) 1.32 |
Enterprise Value 695207156 | Price to Sales(TTM) 1.32 | ||
Enterprise Value to Revenue 0.87 | Enterprise Value to EBITDA 90.38 | Shares Outstanding 150344000 | Shares Floating 94107624 |
Shares Outstanding 150344000 | Shares Floating 94107624 | ||
Percent Insiders 4.54 | Percent Institutions 84.12 |
Upturn AI SWOT
Udemy Inc
Company Overview
History and Background
Udemy, Inc. was founded in 2010 by Eren Bali, Gagan Biyani, and Oktay Caglar. Initially, Bali created a software product for a live virtual classroom in Turkey. Realizing the potential for broader education, they expanded and launched Udemy, aiming to democratize education by allowing anyone to create and sell online courses.
Core Business Areas
- Udemy Business: Provides a curated learning platform for businesses, offering employees access to thousands of courses to develop skills relevant to their roles. Focuses on B2B sales and customized training programs.
- Consumer Marketplace: The core platform where individual instructors can create and sell courses directly to consumers. Udemy acts as a marketplace, providing tools and infrastructure for course creation, marketing, and sales.
Leadership and Structure
Gregg Coccari is the CEO of Udemy. The company is structured with departments focused on engineering, product development, marketing, sales, and customer support, supporting both its business and consumer platforms.
Top Products and Market Share
Key Offerings
- Udemy Business Subscription: Provides employees of businesses with access to a wide range of courses covering topics like leadership, technical skills, and wellness. While precise market share data is not readily available, Udemy Business competes with platforms like LinkedIn Learning and Coursera for Business. They have over 16,000 customers. Competitors: LinkedIn Learning, Coursera for Business.
- Online Courses (Consumer Marketplace): Encompasses a vast catalog of courses created by independent instructors, covering various subjects from technology and business to arts and personal development. Udemy serves over 65 million learners. Competitors: Coursera, edX, Skillshare.
Market Dynamics
Industry Overview
The online learning market is experiencing rapid growth, driven by increasing demand for accessible and affordable education and professional development. The COVID-19 pandemic accelerated this trend, with more individuals and businesses turning to online learning solutions.
Positioning
Udemy positions itself as a leading online learning marketplace, connecting instructors with learners worldwide. Its competitive advantages include its large and diverse course catalog, flexible learning options, and affordability.
Total Addressable Market (TAM)
The global online education market is projected to reach hundreds of billions of dollars. Udemy is well-positioned to capture a significant share of this TAM through its consumer marketplace and business-focused platform.
Upturn SWOT Analysis
Strengths
- Large and diverse course catalog
- Global reach and brand recognition
- Affordable pricing
- Strong marketplace platform connecting instructors and learners
- Udemy Business offerings for enterprises
Weaknesses
- Quality control varies across courses due to the open marketplace model
- Instructor churn and course obsolescence
- Reliance on marketing spend for user acquisition
- Profitability Challenges
- Customer Service concerns
Opportunities
- Expansion into new geographies and languages
- Partnerships with universities and educational institutions
- Development of more personalized learning experiences
- Growth of corporate learning and development spending
- Increased adoption of online learning in emerging markets
Threats
- Intense competition from other online learning platforms
- Economic downturn impacting consumer spending on education
- Changes in technology and learning preferences
- Regulatory changes affecting online education
- Content piracy and intellectual property issues
Competitors and Market Share
Key Competitors
- COUR
- LRN
- NKLA
- TAL
- GOTU
Competitive Landscape
Udemy's advantages include its marketplace model, vast course catalog, and affordability. Disadvantages include quality control issues and intense competition.
Growth Trajectory and Initiatives
Historical Growth: Udemy has experienced significant growth in users and course offerings since its founding. The growth rate has fluctuated, reflecting market conditions and competitive dynamics.
Future Projections: Analyst projections typically anticipate continued growth in revenue, driven by increased adoption of online learning and expansion into new markets. These projections can be found on financial news sites.
Recent Initiatives: Recent initiatives may include investments in marketing, product development, and international expansion, as well as partnerships with businesses and educational institutions.
Summary
Udemy is a leading online learning marketplace, capitalizing on the growing demand for accessible and affordable education. The company's strengths lie in its vast course catalog and global reach. However, maintaining quality control and navigating intense competition remain key challenges. Future growth depends on strategic investments in marketing, product development, and international expansion.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Udemy Inc. SEC Filings (10-K, 10-Q)
- Market research reports on the online education industry
- Analyst reports on Udemy Inc.
- Udemy Inc. Investor Relations website
Disclaimers:
The information provided is for informational purposes only and should not be considered investment advice. Market share data is approximate and may vary depending on the source and methodology. Financial data is based on publicly available information and may not be completely accurate or up-to-date. Always conduct thorough research and consult with a qualified financial advisor before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Udemy Inc
Exchange NASDAQ | Headquaters San Francisco, CA, United States | ||
IPO Launch date 2021-10-29 | CEO, President & Director Mr. Hugo Sarrazin | ||
Sector Consumer Defensive | Industry Education & Training Services | Full time employees 1246 | Website https://www.udemy.com |
Full time employees 1246 | Website https://www.udemy.com |
Udemy, Inc., a learning company, that operates a marketplace platform for learning skills in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. It operates through Enterprise and Consumer segments. The company offers skill acquisition, development, and validation courses through direct-to-consumer or Udemy Business offerings in various languages. It also provides reskilling or upskilling in technology, business, soft skills, and personal development; access to interactive learning tools comprising quizzes and exercises, as well as the ability to ask questions and engage with the instructor directly; Udemy AI assistant, a natural-language chat interface to help learners discover and engage with the company's content; AI skills mapping tool and AI-powered learning paths; and professional services, including learning architecture and content mapping services. The company serves organizations, including enterprise and government customers; and individuals. Udemy, Inc. was incorporated in 2010 and is headquartered in San Francisco, California.

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