Business
Udemy to Provide Strategic and Financial Outlook Update at 2022 Virtual Investor Day
• Plans to reach adjusted EBITDA breakeven by 2024• Updates long-term targets to reflect continued growth of Udemy Business SAN FRANCISCO, Nov. 17, 2022
About this update from Udemy, Inc.
[{"type":"text","content":"• Plans to reach adjusted EBITDA breakeven by 2024• Updates long-term targets to reflect continued growth of Udemy Business SAN FRANCISCO, Nov. 17, 2022 (GLOBE NEWSWIRE) -- Udemy (Nasdaq: UDMY), a leading destination for learning and teaching online, will hold its first Investor Day, today, November 17, 2022 virtually at 9:00 a.m. PT / 12:00 p.m. ET to provide a strategic and financial outlook update for the company. “Following four quarters of consistent growth and execution, Udemy is well-positioned to create significant shareholder value as we deliver on our updated financial targets and progress toward profitability,” said Gregg Coccari, Udemy’s Chairman and CEO. “We have executed well against the initiatives we shared at our IPO last October, and we believe the next phase of Udemy’s growth is even more compelling.” During Udemy’s Investor Day, senior executives from across the company will provide an update on the company’s long-term growth strategy and vision, as well as highlight its competitive advantages going into this next phase of growth, with a focus on: Udemy’s differentiated and efficient global go-to-market strategy and customer acquisition engine, which fuels the company’s growth across more than 180 countries. The company’s data-driven marketplace, which supports its comprehensive collection of high-quality, relevant, and fresh content available in more than 75 languages.Udemy Business’s long runway for growth with new and existing customers as the need for workforce upskilling and reskilling increases across the globe.The company’s key financial metrics, including its massive and growing market opportunity, updated long-term targets and plan for achieving breakeven on an adjusted EBITDA basis by 2024. The Investor Day will be streamed live at 9:00 a.m. PT / 12:00 p.m. ET on Thursday, November 17, 2022. To register for the live event and to view the agenda, please visit Udemy’s Investor Relations website. The presentation and an archived replay of the event will be available shortly after the conclusion on the “Events & Presentations” section of the Udemy Investor Relations website at https://investors.udemy.com/. About UdemyUdemy (Nasdaq: UDMY) improves lives through learning by providing flexible, effective skill development to empower organizations and individuals. The Udemy marketplace platform, with thousa...