Udemy, Inc. (UDMY), an online education platform, saw its stock surge 6.39% in after-hours trading on Thursday, following the company's impressive fourth-quarter and full-year 2024 results and an optimistic outlook for 2025.
The key highlights from Udemy's financial report are:
Udemy's strong performance was driven by robust growth in its Enterprise business, which offers online learning solutions for companies. The company added nearly 1,400 new Enterprise customers in 2024, bringing the total to 17,096. Additionally, Udemy's Enterprise Annual Recurring Revenue (ARR) increased 11% year-over-year to $516.9 million.
Looking ahead, Udemy provided upbeat guidance for 2025, projecting revenue between $787 million and $803 million, and adjusted EBITDA in the range of $75 million to $85 million. The company's CEO, Greg Brown, expressed confidence in Udemy's long-term strategy and its ability to drive sustainable, profitable growth.
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