Udemy for Business, has scaled from $1 million to $100 million annual recurring revenue (ARR) in just five years. Udemy for Business curates 7,000 of the highest-rated courses covering in-demand professional skills that employees need.
When the pandemic resulted in shelter-in-place orders, Udemy for Business experienced a 90% surge in enrollments as employees adapted to remote work. Popular topics included Virtual Teams (1,523% increase in enrollments), Coaching (322%), and Stress Management (235%). Consumption has stayed high as employees continue to learn through change.
IDC found that for every dollar spent on Udemy for Business, organizations could realize an 869% return on investment in three years or $9 per $1 invested.