Discover how Udemy makes money, its different segments, instructor payouts, revenue growth, margins, and more.

Swayam is India’s national online course platform, designed to support the country’s National Education Policy, which entails improving access to quality education in India. At Class Central, we’ve been paying attention to Swayam since the very beginning. It launched in beta in 2016, and has now reached over 56 million enrollments with over 5.2 million certificates issued. It’s been growing rather fast. Swayam offers courses in a wide variety of disciplines, including from prestigious institut

TL;DR Q1 2026 revenue grew 9% YoY; Consumer segment is up double digits, but Enterprise segment is lagging. The platform fee pushed Consumer margins to a multi-year high, but Enterprise customer count slipped for the first time since IPO. Enterprise grew 7% YoY, ahead of management’s low single-digit guidance, with new GM Anthony Salcito leading execution improvements. In the last earnings report, we flagged Coursera’s struggling segments. Not much has changed, except for one thing: the plat

A human analysis of financial documents reveals what AI content farms missed: Duolingo’s GenAI features are undermining its own profit margins.