Udemy, Inc. (NASDAQ:UDMY) Q1 2023 Earnings Conference Call May 3, 2023 5:00 PM ET

Company Participants

Dennis Walsh - Vice President, Investor Relations

Greg Brown - Chief Executive Officer

Sarah Blanchard - Chief Financial Officer

Conference Call Participants

Ryan MacDonald - Needham

Rob Oliver - Baird

Terry Tillman - Truist

David Lustberg - Jefferies

Josh Baer - Morgan Stanley

Devin Au - KeyBanc Capital Markets

Operator

Good afternoon, and welcome to Udemy's First Quarter 2023 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] Please note, this event is being recorded. I would now like to turn the conference over to Dennis Walsh, Vice President, Investor Relations. Please go ahead.

Dennis Walsh

Thank you, and welcome to Udemy's first quarter 2023 earnings conference call. Joining me today are Udemy's Chief Executive Officer, Greg Brown; and Chief Financial Officer, Sarah Blanchard. During this conference call, we will make forward-looking statements within the meaning of federal securities laws. These statements involve assumptions and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those discussed or anticipated.

For a complete discussion of risks associated with these forward-looking statements, we encourage you to refer to our most recent Form 10-K and Form 10-Q filings with the Securities and Exchange Commission. Our forward-looking statements are based upon information currently available to us. We caution you to not place undue reliance on forward-looking statements. We do not undertake and expressly disclaim any duty or obligation to update or alter our forward-looking statements, except as required by applicable law.

In addition, during this call, certain financial performance measures may be discussed that differ from comparable measures contained in our financial statements prepared in accordance with U.S. generally accepted accounting principles referred to by the Securities and Exchange Commission as non-GAAP financial measures.

We believe that these non-GAAP financial measures assist management and investors in evaluating our performance and comparing period-to-period results of operations in a more meaningful and consistent manner as discussed in greater detail in the supplemental schedules to our earnings release. A reconciliation of these non-GAAP measures to the most comparable GAAP financial measure is included in our earnings press release.

These reconciliations, together with additional supplemental information, are available on the Investor Relations section of our website. A replay of today's call will also be posted to the website.

With that, I will now turn the call over to Greg.