Stock Track | Udemy Inc. Soars in Pre-Market on Strong Q3 Earnings and AI-Powered Growth

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Udemy Inc. (NASDAQ: UDMY), the leading online learning platform, saw its shares surge in pre-market trading on Tuesday, following the company's impressive third-quarter results and robust growth prospects fueled by the integration of artificial intelligence (AI) capabilities.

The online education provider reported an adjusted earnings per share of $0.07 for the quarter ended September 30, surpassing analysts' expectations of $0.01. Revenue climbed 5.8% year-over-year to $195.42 million, exceeding Wall Street's estimate of $192.66 million. The solid performance was driven by a 16% increase in Udemy Business revenue, reaching $126 million, reflecting the company's growing footprint in the enterprise learning market.

Udemy's Annual Recurring Revenue (ARR) also witnessed a remarkable 14% year-over-year growth, hitting $505 million, highlighting the platform's strong customer retention and expansion strategies. Furthermore, the company's gross margin improved by 400 basis points to 64%, demonstrating its ability to drive operational efficiency and profitability.

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Soars in Pre-Market on Strong Q3 Earnings and AI-Powered Growth\n</h2>\n\n<h4 class=\"meta\">\n\n2024-10-30 20:18 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Udemy Inc. 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