What's Going On With Udemy Stock Today?

Udemy, Inc. UDMY shares are trading lower on Wednesday following the announcement of leadership changes within the company.

Hugo Sarrazin has been appointed as President, Chief Executive Officer, and a member of the Board of Directors, effective immediately.

Sarrazin succeeds Greg Brown, who is stepping down after four years at the helm of Udemy. Brown will remain with the company as a non-executive advisor until the end of the year to facilitate a smooth leadership transition.

Sarrazin previously led international product and technology teams at UKG, a Human Capital Management cloud company. Prior to UKG, Sarrazin spent nearly 27 years at McKinsey & Co., where he managed McKinsey's business technology practice in Silicon Valley.

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In addition to the leadership change, Udemy reaffirmed its financial outlook for the first quarter and full year 2025.

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The company expects first-quarter revenues between $195 million and $199 million ($201.37 million), with adjusted EBITDA ranging from $17 million to $19 million.

Full-year revenues for 2025 are projected to be between $787 million and $803 million (street view: $807.20 million), with adjusted EBITDA expected to reach $75 million to $85 million.

Price Action: UDMY shares are trading lower by 4.75% to $8.725 at last check Wednesday.

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