Udemy (UDMY) Revenue & Revenue Breakdown
Udemy Revenue Highlights
Latest Revenue (Y)
$728.94M
Latest Revenue (Q)
$194.36M
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 |
|---|---|---|
| 2024-06-30 | $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 | - |
Udemy generated $194.36M in revenue during Q2 2024, up -1.26% compared to the previous quarter, and up 110.16% 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 | 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 | $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 | $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 Jun 24: Enterprise Segment (62.03%), and Consumer Segment (37.97%).
Udemy Revenue Breakdown by Country
Annual Revenue by Country
| Country | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|
| Latin America | $51.84M | $45.10M | $39.85M |
| North America | $291.65M | $256.55M | $199.27M |
| EMEA | $221.70M | $189.62M | $168.61M |
| Asia Pacific | $163.75M | $137.83M | $107.92M |
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 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asia Pacific | $44.33M | $44.88M | $43.74M | $42.51M | $39.34M | $38.16M | $36.70M | $35.21M | $32.73M | $33.19M | $30.41M | $29.20M |
| EMEA | $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 | $77.27M | $77.22M | $74.35M | $73.79M | $71.81M | $71.71M | $67.26M | $65.81M | $62.86M | $60.59M | $50.84M | $51.21M |
| Latin America | $13.84M | $13.39M | $13.90M | $13.38M | $12.54M | $12.01M | $11.47M | $11.63M | $11.29M | $10.72M | $10.25M | $10.10M |
Udemy's latest quarterly revenue breakdown by geography, as of Jun 24: North America (39.76%), EMEA (30.31%), Asia Pacific (22.81%), and Latin America (7.12%).
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 | $520.84M |
| ATGE | Adtalem Global Education | $1.58B | $412.66M |
| TAL | TAL Education Group | $1.49B | $429.56M |
| STRA | Strategic Education | $1.13B | $312.27M |
| IH | iHuman | $1.02B | $250.45M |
| TWOU | 2U | $945.95M | $180.68M |
| UDMY | Udemy | $728.94M | $194.36M |
| CHGG | Chegg | $716.29M | $163.15M |
| PRDO | Perdoceo Education | $710.00M | $166.74M |
| COUR | Coursera | $635.76M | $170.34M |
| APEI | American Public Education | $600.54M | $154.43M |
| LINC | Lincoln Educational Services | $378.07M | $102.91M |
| LOPE | Grand Canyon Education | - | - |
UDMY Revenue FAQ
What is Udemy’s yearly revenue?
Udemy's yearly revenue for 2023 was $728.94M, representing an increase of 15.87% compared to 2022. The company's yearly revenue for 2022 was $629.1M, representing an increase of 21.41% compared to 2021. UDMY's yearly revenue for 2021 was $518.16M, representing an increase of 20.53% compared to 2020.
What is Udemy’s quarterly revenue?
Udemy's quarterly revenue for Q2 2024 was $194.36M, a -1.26% decrease from the previous quarter (Q1 2024), and a 9.04% increase year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $196.85M, a 3.85% increase from the previous quarter (Q4 2023), and a 11.57% increase year-over-year (Q1 2023). UDMY's quarterly revenue for Q4 2023 was $189.54M, a 2.61% increase from the previous quarter (Q3 2023), and a 14.65% increase year-over-year (Q4 2022).
What is Udemy’s revenue growth rate?
Udemy's revenue growth rate for the last 3 years (2021-2023) was 40.68%, and for the last 5 years (2019-2023) was 163.80%.
What are Udemy’s revenue streams?
Udemy's revenue streams in c 23 are Enterprise Segment, and Consumer Segment. Enterprise Segment generated $420.65M in revenue, accounting 57.71% of the company's total revenue, up 33.95% year-over-year. Consumer Segment generated $308.29M in revenue, accounting 42.29% of the company's total revenue, down -2.15% year-over-year.
What is Udemy’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of Udemy was Enterprise Segment. This segment made a revenue of $420.65M, representing 57.71% of the company's total revenue.