Udemy: Q1 Earnings Insights

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Udemy UDMY reported its Q1 earnings results on Wednesday, May 3, 2023 at 04:05 PM.

Here's what investors need to know about the announcement.

Earnings

Udemy beat estimated earnings by 57.14%, reporting an EPS of $-0.06 versus an estimate of $-0.14.

Revenue was up $24.21 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.07 which was followed by a 4.84% drop in the share price the next day.

Here's a look at Udemy's past performance:

Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022
EPS Estimate -0.23 -0.17 -0.16 -0.14
EPS Actual -0.16 -0.15 -0.10 -0.08
Revenue Estimate 166.04M 156.01M 149.95M 146.67M
Revenue Actual 165.33M 158.43M 153.11M 152.22M

To track all earnings releases for Udemy visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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