Udemy Expects Q3 Revenue $191M - $194M (Est $210.17M), Cuts FY24 Forecast From $795M - $805M To $776M - $782M (Est $799.2M)
Portfolio Pulse from Benzinga Newsdesk
Udemy has revised its Q3 revenue expectations to $191M - $194M, below the estimated $210.17M. Additionally, the company has cut its FY24 forecast from $795M - $805M to $776M - $782M, compared to the estimated $799.2M.
July 31, 2024 | 9:29 pm
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Udemy has lowered its Q3 revenue expectations to $191M - $194M, missing the estimated $210.17M. The company also cut its FY24 forecast to $776M - $782M, below the estimated $799.2M.
The downward revision in both Q3 revenue expectations and FY24 forecast indicates potential challenges in Udemy's business performance. This is likely to negatively impact investor sentiment and the stock price in the short term.
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IMPORTANCE 90
RELEVANCE 100