Udemy Results Presentation Deck

Consumer Q2'22 Revenue $78.5M 1.3M -7% y/y -2% y/y Revenue $84.0 54% Q2'21 Y/Y: (2%) Segment Gross margin $79.2 $77.7 53% Q3'21 Monthly Average Buyers (13%) 48% Q4'21 (1%) $87.3 54% Q1'22 (1%) 30 Note: Segment margins exclude stock-based compensation, depreciation, and amortization. (in millions) $78.5 54% Q2'22 (7%) • Y/Y Monthly Average Buyers stable in Q2'22 • Robust traffic with 30M unique visitors per month Y/Y: 1,316 Q2'21 (26%) Monthly Average Buyers 1,263 1,388 Q3'21 (6%) Q4'21 1% 1,383 Q1'22 (2%) (in thousands) 1,290 Q2'22 (2%) ûdemy

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