Udemy (UDMY) Revenue & Revenue Breakdown
Udemy Revenue Highlights
Latest Revenue (Y)
$728.94M
Latest Revenue (Q)
$195.42M
Main Segment (Y)
Enterprise Segment
Main Geography (Y)
North America
Udemy Revenue by Period
Udemy Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $728.94M | 15.87% |
| 2022-12-31 | $629.10M | 21.41% |
| 2021-12-31 | $518.16M | 20.53% |
| 2020-12-31 | $429.90M | 55.58% |
| 2019-12-31 | $276.33M | - |
Udemy generated $728.94M in revenue during NA 2023, up 15.87% compared to the previous quarter, and up 0.00% compared to the same period a year ago.
Udemy Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-09-30 | $195.42M | 0.54% |
| 2024-06-30 | $194.36M | -1.26% |
| 2024-03-31 | $196.85M | 3.85% |
| 2023-12-31 | $189.54M | 2.61% |
| 2023-09-30 | $184.72M | 3.64% |
| 2023-06-30 | $178.24M | 1.03% |
| 2023-03-31 | $176.43M | 6.71% |
| 2022-12-31 | $165.33M | 4.35% |
| 2022-09-30 | $158.43M | 3.47% |
| 2022-06-30 | $153.11M | 0.58% |
| 2022-03-31 | $152.22M | 10.35% |
| 2021-12-31 | $137.95M | 6.47% |
| 2021-09-30 | $129.56M | 2.75% |
| 2021-06-30 | $126.09M | 1.24% |
| 2021-03-31 | $124.55M | 13.13% |
| 2020-12-31 | $110.09M | -7.04% |
| 2020-09-30 | $118.44M | 17.63% |
| 2020-06-30 | $100.68M | - |
| 2020-03-31 | $100.68M | - |
Udemy generated $195.42M in revenue during Q3 2024, up 0.54% compared to the previous quarter, and up 109.64% compared to the same period a year ago.
Udemy Revenue Breakdown
Udemy Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|
| Enterprise Segment | $420.65M | $314.04M | $186.95M |
| Consumer Segment | $308.29M | $315.06M | $328.70M |
Udemy's latest annual revenue breakdown by segment (product or service), as of Dec 23: Enterprise Segment (57.71%), and Consumer Segment (42.29%).
Quarterly Revenue by Product
| Product/Service | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Enterprise Segment | $126.12M | $120.56M | $117.64M | $114.68M | $109.10M | $101.62M | $95.24M | $90.64M | $83.86M | $74.63M | $64.91M | $57.78M | $50.37M |
| Consumer Segment | $69.29M | $73.80M | $79.21M | $74.86M | $75.62M | $76.62M | $81.19M | $74.69M | $74.57M | $78.48M | $87.31M | $77.67M | $79.20M |
Udemy's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Enterprise Segment (64.54%), and Consumer Segment (35.46%).
Udemy Revenue Breakdown by Country
Annual Revenue by Country
| Country | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|
| Latin America | $51.84M | $45.10M | $39.85M |
| EMEA | $221.70M | $189.62M | $168.61M |
| Asia Pacific | $163.75M | $137.83M | $107.92M |
| North America | $291.65M | $256.55M | $199.27M |
Udemy's latest annual revenue breakdown by geography, as of Dec 23: North America (40.01%), EMEA (30.41%), Asia Pacific (22.46%), and Latin America (7.11%).
Quarterly Revenue by Country
| Country | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| EMEA | $57.81M | $58.91M | $61.36M | $57.56M | $55.05M | $54.54M | $54.55M | $49.89M | $45.79M | $46.23M | $47.73M | $43.95M | $39.05M |
| North America | $77.73M | $77.27M | $77.22M | $74.35M | $73.79M | $71.81M | $71.71M | $67.26M | $65.81M | $62.86M | $60.59M | $50.84M | $51.21M |
| Latin America | $13.66M | $13.84M | $13.39M | $13.90M | $13.38M | $12.54M | $12.01M | $11.47M | $11.63M | $11.29M | $10.72M | $10.25M | $10.10M |
| Asia Pacific | $46.21M | $44.33M | $44.88M | $43.74M | $42.51M | $39.34M | $38.16M | $36.70M | $35.21M | $32.73M | $33.19M | $30.41M | $29.20M |
Udemy's latest quarterly revenue breakdown by geography, as of Sep 24: North America (39.78%), EMEA (29.58%), Asia Pacific (23.65%), and Latin America (6.99%).
Udemy Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| DAO | Youdao | $5.39B | $1.39B |
| EDU | New Oriental Education & Technology Group | $3.00B | $1.21B |
| GOTU | Gaotu Techedu | $2.96B | $946.88M |
| LRN | Stride | $2.04B | $551.08M |
| ATGE | Adtalem Global Education | $1.58B | $417.40M |
| TAL | TAL Education Group | $1.49B | $429.56M |
| STRA | Strategic Education | $1.13B | $305.96M |
| IH | iHuman | $1.02B | $250.45M |
| UDMY | Udemy | $728.94M | $195.42M |
| CHGG | Chegg | $716.29M | $163.15M |
| PRDO | Perdoceo Education | $710.00M | $166.74M |
| COUR | Coursera | $635.76M | $176.09M |
| APEI | American Public Education | $600.54M | $153.12M |
| LINC | Lincoln Educational Services | $378.07M | $102.91M |
| LOPE | Grand Canyon Education | - | $227.46M |