Udemy, Inc. is a for-profit massive open online course (MOOC) provider aimed at professional adults and students. It was founded in May 2010 by Eren Bali, Gagan Biyani, and Oktay Caglar. As of May 2022, the platform has more than 52 million students, 196,000 courses, and 68,000 instructors teaching courses in over 75 languages. There have been over 712 million course enrollments.[3]
Students take courses primarily to improve job-related skills.[4] Some courses generate credit toward technical certification. Udemy has made a special effort to attract corporate trainers seeking to create coursework for employees of their company.(5)
Udemy has never made a profit.[22] Udemy reported net losses of $69.7 million for 2019 and $77.6 million in net losses for 2020. By June 30, 2021, UDMY had an accumulated deficit of $407.9 million. In 2020, UDMY spent $192.6 million on marketing and advertising.[23].
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