I also started teaching on Udemy in 2019 and even though the number of students was high, I quickly noticed that income was low and most enrolled students did not even start the courses they purchased (let alone complete them). I also decided to invest time and money in my own website/school and that was probably the best decision I've ever made. Also, I'm not sure most people know that Udemy was never profitable up until 2025. Before going public, Udemy had never been profitable despite good revenue growth. As of mid-2021 (around its IPO filing), the company had accumulated significant losses (hundreds of millions of dollars) and explicitly noted it had not generated a profit in its SEC filing. After its October 2021 IPO, Udemy continued to report net losses most quarters and years, even as revenue grew. Losses persisted through 2023 and into 2024. Finally, in 2025 they saw profits for the first time since its IPO.