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Why Udemy Stock Skyrocketed as Much as 40% on Friday

TheMotleyFool

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Why Udemy Stock Skyrocketed as Much as 40% on Friday: https://g.foolcdn.com/editorial/images/753684/a-mom-with-a-young-child-looking-at-a-laptop-at-the-kitchen-table.jpg

Shares of Udemy (NASDAQ: UDMY) charged sharply higher Friday, soaring as much as 40.1%. As of 10:50 a.m. ET, the stock was still up 37.4%.

The catalyst that sent the online learning platform surging was its robust financial report, which blew past even the most bullish expectations. The company also announced an important change to its business model that will boost future results.

Image source: Getty Images.

Source Fool.com

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