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In 2025, Udemy hit its first profitable year, but its Q4 2025 ended in a loss. A few days after announcing the numbers, the stock reached an all-time low.
The company didn’t have an earnings call, nor did it release an investor presentation because of its pending merger with Coursera.
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Source: Udemy Investors page
The merger is complete. That too, months before its second-half 2026 target.
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The all-stock deal was first announced on December 17, 2025, and approved by stockholders on April 9, 2026.
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