Udemy, Inc. (UDMY) Q2 2024 Earnings Call Transcript
Udemy, Inc. (NASDAQ:UDMY ) Q2 2024 Results Conference Call July 31, 2024 5:00 PM ET Company Participants Dennis Walsh - Vice President, Investor Relations Greg Brown - Chief Executive Officer Sarah Blanchard - Chief Financial Officer Conference Call Participants Thomas Shinske - Cantor Fitzgerald Ryan MacDonald - Needham & Company Dominique Manansala - Truist Securities Josh Baer - Morgan Stanley Steven Pawlak - Baird Noah Herman - JPMorgan Devin Au - Keybanc Operator Good day, and welcome to the Udemy Second Quarter 2024 Earnings Call. All participants will be in listen-only mode.
Udemy, Inc. (UDMY) Reports Q2 Loss, Tops Revenue Estimates
Udemy, Inc. (UDMY) came out with a quarterly loss of $0.04 per share versus the Zacks Consensus Estimate of a loss of $0.01. This compares to loss of $0.01 per share a year ago.
Udemy shifts focus to larger businesses as quarterly losses mount
Shares of Udemy Inc. tanked more than 14% in the after-hours session Wednesday after the online education company said it was switching gears toward large businesses as quarterly losses piled up and guidance also disappointed.
Udemy: Strong Secular Growth Tailwind And Competitive Advantage
Udemy is a Buy with a long growth runway ahead in the online education market. The shift to online education is a major tailwind, driven by accessibility, affordability, and flexibility. UDMY's two-sided marketplace and flywheel effect gives it a competitive advantage in content creation and learner engagement.
