Udemy Inc. reported financial results for the third quarter ended September 30, 2025. Revenue for the quarter was $195.7 million, compared to $195.4 million in the same period in 2024. Subscription revenue reached $143.9 million, an 8% increase from $133.7 million in the prior year period. Gross profit was $128.9 million, up 5% from $123.1 million, and gross margin improved to 66% from 63%, a 300 basis point increase. Udemy Business Net Dollar Retention Rate was 93%, while the Net Dollar Retention Rate for large Udemy Business customers was 97%. Net cash provided by operating activities was $15.7 million for the quarter, and free cash flow was $12.1 million. Year-to-date, net cash provided by operating activities totaled $72.1 million, with free cash flow at $58.2 million. The company repurchased approximately 4.1 million shares as part of its $50 million stock repurchase program. For the fourth quarter ending December 31, 2025, Udemy expects revenue between $191 million and $194 million. For the full year 2025, the company projects revenue between $787 million and $790 million and adjusted EBITDA between $92 million and $94 million. The weighted average share count is expected to be 148 million basic and 150 million diluted for both the quarter and the full year.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Udemy Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20251028860907) on October 29, 2025, and is solely responsible for the information contained therein.
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