Udemy has spent more than a decade as one of the anchors of the e-learning industry, a place where anyone could publish a course and anyone could buy one. What started in 2010 as an open marketplace for video lessons grew into a public company with hundreds of thousands of courses, tens of millions of learners and a fast-growing corporate training business.
But the biggest Udemy statistic of 2026 is not on a growth chart at all: as of May 2026, Udemy is no longer an independent company. It was acquired by Coursera, and its 2025 results are the last full year it reported on its own. Below are the latest Udemy statistics, refreshed from Udemy’s full-year 2025 earnings and the merger disclosures, showing a business that stopped growing its consumer base, bet heavily on enterprise and AI, and then folded into a larger rival.
Udemy’s Business at a Glance
Udemy was founded in 2010 by Eren Bali, Oktay Caglar and Gagan Biyani, built on a simple pitch: turn anyone with expertise into an instructor and give learners on-demand access to their courses. The company went public on the Nasdaq under the ticker UDMY in 2021. It runs two segments: a Consumer marketplace where individuals buy courses, and Udemy Business, the enterprise arm that sells training subscriptions to companies.
Udemy Generated $789.8 Million in Revenue in 2025
Udemy’s revenue reached $789.8 million in 2025, essentially flat versus 2024. Fourth-quarter revenue was $194.0 million.
Flat revenue is not the whole story, though. 2025 was the year Udemy finally turned a profit: it posted net income of $3.8 million for the full year, its first profitable year, after a long run of losses. The fourth quarter itself slipped back to a $2.3 million net loss, a reminder that profitability is still thin, but the direction of travel on the bottom line reversed after years of red ink.
Udemy Business Brought in $524.1 Million
The engine behind Udemy today is enterprise. Udemy Business revenue reached $524.1 million in 2025, up 6% year over year, which now accounts for about two-thirds of the company’s total revenue. Its annual recurring revenue climbed to $540.0 million, up 4%.
Udemy Business ended 2025 with 17,029 enterprise customers, a base that includes a large share of the Fortune 100. Retention softened during the year: the net dollar retention rate settled at 93% across all customers and 97% among large customers, meaning existing accounts were renewing at close to, but no longer above, their prior spend. This is the segment Udemy leaned on as consumer sales cooled.
The Consumer Business Shrank to $265.8 Million
On the other side of the house, the Consumer segment fell to $265.8 million in 2025, down 9% year over year, with fourth-quarter consumer revenue dropping 14%.
Some of that decline was deliberate. Udemy has been steering individual buyers away from one-off course purchases and toward its Personal Plan subscription, and it ended 2025 with 343,000 paid consumer subscribers. The trade-off is real: pushing recurring subscriptions over transactional sales dents near-term revenue but builds a more predictable base. For now, the marketplace that made Udemy famous is the slower-growing half of the company.
Udemy’s Scale: Learners, Courses and Instructors
Udemy Has Around 80 Million Learners
Udemy had roughly 80 million registered learners heading into 2025, up from 77 million at the end of 2024. Growth has slowed from the pandemic-era surge, when learner counts jumped by several million a year, but the base is still enormous and spans learners in around 190 countries.
More Than 250,000 Courses in 75 Languages
The catalog remains one of the largest in online education. Udemy hosts more than 250,000 courses in 75 languages, and those courses have collectively drawn over 1 billion enrollments to date. Technology and business topics continue to dominate demand, which is why so much of the platform’s momentum has shifted toward workplace and AI skills.
85,000+ Instructors Earned $168 Million in 2025
Udemy’s catalog is built by a community of more than 85,000 instructors. In 2025, instructors collectively earned $168 million, and cumulative payouts to instructors have passed $700 million since the platform launched.
Those payouts come with tension. Udemy has been trimming the share of subscription revenue it passes to instructors, cutting the subscription revenue share from 25% toward 15%, which has been a running source of friction with its top creators even as headline earnings figures keep rising.
AI Is Now Udemy’s Core Strategy
Udemy Built an “Intelligent Skills Platform”
Udemy’s answer to generative AI is to embed it in the product rather than fight it. In October 2024 the company launched a set of AI features it calls its Intelligent Skills Platform, aimed at its enterprise customers. It has three main pieces:
- A Udemy AI Assistant that uses a natural-language chat interface to help learners find relevant content, break down complex topics and generate quizzes to test retention.
- Skills Mapping, which turns a company’s business goals into targeted skills the workforce needs to build.
- AI-powered learning paths that automatically assemble curated sequences of courses, so organizations can stand up a training program in minutes rather than months.
The features are bundled into Udemy Business plans at no extra cost, which fits the strategy: use AI to make the enterprise product stickier rather than to sell as a separate add-on.
AI Course Demand Is Surging
The other side of the AI story is demand. Enrollment in Udemy’s generative AI courses has climbed sharply as employers push for AI literacy, and topics like prompting, large language models and AI agents are among the fastest-growing on the platform. If you want to build those skills yourself, our ChatGPT course walks through using AI for real work and creative projects.
The Coursera Merger
Coursera Acquired Udemy in May 2026
The defining event in Udemy’s recent history is its exit as a standalone company. Coursera announced a deal to combine with Udemy in December 2025, shareholders approved it in April 2026, and the merger closed on May 11, 2026, with Udemy becoming a wholly owned subsidiary of Coursera.
The combined company is large by any measure. Together, Coursera and Udemy reach around 290 million learners, roughly 95,000 instructors, about 18,000 enterprise customers and hundreds of university and industry partners. Leadership expects the deal to remove about $115 million in operating costs over two years and to pool the two firms’ data and content into what they describe as a single skills platform for the AI era.
What the Merger Means
The logic is defensive as much as it is ambitious. Both companies faced the same threat: as generative AI gets better at answering questions and teaching on demand, learners and employers may reach for AI tools before they reach for a course library. Combining Udemy’s huge marketplace and enterprise base with Coursera’s university-backed credentials and degrees gives the merged company more scale to invest in AI and more ways to keep learners inside its ecosystem.
For learners and instructors, the near-term experience is largely unchanged: Udemy and Coursera still operate as distinct brands. The bigger questions are how the two catalogs, pricing models and instructor economics eventually knit together, and whether the combined platform can defend its ground against both AI tools and rivals like Skillshare and LinkedIn Learning.
The Bottom Line
Udemy’s final year as an independent company tells a clear story. Revenue of $789.8 million was flat, but the mix shifted decisively toward enterprise: Udemy Business grew 6% to $524.1 million and now drives about two-thirds of the total, while the consumer marketplace shrank 9% as buyers were nudged toward subscriptions. The company reached its first profitable year, built AI into the core of its enterprise product and kept a catalog of more than 250,000 courses and roughly 80 million learners.
Then it sold. The Coursera merger, completed in May 2026, folds Udemy into a much larger skills platform reaching around 290 million learners. Whether that combination compounds into something stronger or simply buys scale against the rising tide of AI is the next chapter, and it will be written under Coursera’s name rather than Udemy’s.
