Udemy Q1 FY26 net loss widens to $12.61 million; revenue falls 4% to $191.41 million

• Udemy posted a net loss of USD 12.61 million as revenue fell 4% to USD 191.41 million.
• Operating loss widened to USD 12.53 million from higher sales and marketing costs, which climbed 9% to USD 89.61 million.
• Gross margin rose 3 percentage points to 68% as cost of revenue dropped 12% to USD 62.14 million.
• Enterprise segment revenue increased 4% to USD 132.89 million while Consumer segment revenue slid 19% to USD 58.52 million.
• Company continued to target larger Udemy Business accounts, with UB net dollar retention at 93% and paid Consumer subscribers more than doubling to 433,000.

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