Udemy, a leading AI-powered skills acceleration platform, announced a $50 million share repurchase program.
The program reflects the company's focus on capturing growth opportunities and delivering returns to shareholders.
The Board of Directors approved the share repurchase program, emphasizing Udemy's position in the upskilling revolution.
Share Repurchase Program Approval
Board of Directors approved a $50 million share repurchase program to repurchase company's common stock.
Generative AI Impact
Udemy positioned to lead the upskilling revolution with generative AI transforming the global workforce.
Market Conditions Evaluation
Timing and amount of stock repurchases under the program will be determined based on market conditions.
- Udemy's repurchase program reflects confidence in capturing growth opportunities and providing returns to shareholders.
- The accelerating pace of technological change drives global demand for continuous skill development, benefiting Udemy's skills acceleration platform.
- Establishing Rule 10b5-1 trading plans allows Udemy to repurchase shares even when normal restrictions apply.
Udemy's $50 million share repurchase program highlights the company's commitment to enhancing shareholder value and seizing growth opportunities in the evolving workplace landscape.