Q2 2024 Results – UFB shines again, and Purgatory called the Marketplace
Hi guys,
As you have probably noticed, Udemy published Q2 2024 results. Here’s the link for those who missed the information: https://investors.udemy.com/news-releases/news-release-details/udemy-reports-second-quarter-2024-results?utm_source=organic-social&utm_medium=linkedin&linkId=10534760
In general, business is growing well, Adjusted EBITDA is getting better and better…everything looks fine in a nutshell, except for all of us who are still stuck in the Marketplace.
Comments
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Transcript and recording of the earnings call, for those who missed it. Much more color there, including in the Q&A.
Very much worth a listen or a read; there's a lot that affects us.
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That EBITDA is coming almost entirely from the reduction in instructor revenue share. So I can be happy for them improving their margins, happy if there are no more layoffs, but instructors shouldn't be cheering that.
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