MergerMay 11, 2026, 06:07 AM
Udemy to Merge with Coursera in All-Stock Transaction
AI Summary
Udemy, Inc. announced details of its proposed all-stock merger with Coursera, Inc., where Udemy stockholders will receive 0.800 shares of Coursera Common Stock for each Udemy share. Upon closing, existing Coursera stockholders are expected to own 59% and Udemy stockholders 41% of the combined company. Key merger conditions, including stockholder approvals and HSR Act termination, have been met. For the first quarter of 2026, Udemy reported a net loss of $12.6 million on revenue of $191.4 million, compared to a net loss of $1.8 million on revenue of $200.3 million in the prior year period.
Key Highlights
- Udemy stockholders to receive 0.800 shares of Coursera Common Stock per Udemy share.
- Existing Coursera stockholders to own 59% and Udemy stockholders 41% of the combined company.
- Q1 2026 revenue decreased to $191.4 million from $200.3 million in Q1 2025.
- Q1 2026 net loss increased to $12.6 million from $1.8 million in Q1 2025.
- Q1 2026 basic and diluted net loss per share was $(0.09) compared to $(0.01) in Q1 2025.
- Enterprise revenue increased to $132.9 million in Q1 2026 from $127.7 million in Q1 2025.
- Consumer revenue decreased to $58.5 million in Q1 2026 from $72.6 million in Q1 2025.
- Recognized $2.3 million in acquisition-related expenses for the merger in Q1 2026.
- Invested $8.0 million in a convertible note strategic investment on January 9, 2026.