Udemy, Inc. (NASDAQ:UDMY) Q1 2022 Results Conference Call May 4, 2022 5:00 PM ET

Company Participants

Stacey Zolt Hara - SVP, Corporate Communications

Gregg Coccari - Chairman and CEO

Sarah Blanchard - CFO

Conference Call Participants

Stephen Sheldon - William Blair

Josh Baer - Morgan Stanley

David Lustberg - Jefferies

Connor Passarella - Truist

Rob Oliver - Baird

Brett Knoblauch - Cantor Fitzgerald

Devin Au - KeyBanc Capital

Matt Shea - Needham

Operator

Thank you for standing by and welcome to Udemy’s First Quarter 2022 Earnings Conference Call. [Operator Instructions] As a reminder, today's conference call is being recorded.

I would now like to turn the conference to your host Ms. Stacey Zolt Hara, Senior Vice President Corporate Communications. Ma'am, you may begin.

Stacey Zolt Hara

Thank you. With me today are Gregg Coccari, Udemy's Chairman and Chief Executive Officer; and Sarah Blanchard, Udemy's Chief Financial Officer.

Before we begin, 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 on information currently available to us. We caution you to not place undue reliance on forward-looking statements, and 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 the 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 measures is included in our earnings press release. These reconciliations, together with additional supplemental information, are available at the Investor Relations section of our website.

A replay of today's call will also be posted on the website. I will now turn the call over to Gregg.