Udemy’s B2C revenue has plateaued since 2020. In 2021, the company’s consumer revenue grew by just 1%, while their business revenue grew by 81%. In 2022, Udemy’s B2C revenue is on track for a decline.
Udemy’s future as a public company rests on Udemy Business, and their new CEO pick reflects this direction. Like all other online education companies, Udemy saw its stock price collapse in 2022 — by 45%.
According to Udemy’s investor filings, Cocarri has a base salary of $565,000 per year and is eligible to receive an annual target bonus of 100% of the base salary. He’ll also be awarded restricted stock units (“RSUs”) having a value of $6 million, which will vest over 4 years.
Dhawal is the CEO of Class Central, the most popular search engine and review site for online courses and MOOCs. He has completed over a dozen MOOCs and has written over 200 articles about the MOOC space, including contributions to TechCrunch, EdSurge, Quartz, and VentureBeat.