Udemy Results Presentation Deck

Udemy Business Q4'21 Revenue $57.8M +81% y/y Y/Y Revenue $32.0 65% Q4'20 +95% Segment Gross Margin $36.7 65% Q1'21 Strong revenue growth driven by both new logo acquisition and expansion within existing customers +78% $42.1 66% Q2'21 +79% $50.4 65% Q3'21 +84% (in millions) $57.8 28 Note: Segment margins exclude stock-based compensation, depreciation, and amortization. 67% Q4'21 +81% Q4'21 Revenue Contribution 42% +13pp y/y 29% 71% Q4'20 Consumer Continued revenue mix shift to Udemy Business Revenue Contribution 29% 71% 33% 67% Q1'21 Udemy Business Q2'21 39% 61% Q3'21 42% 58% Q4'21 ûdemy

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