Udemy Results Presentation Deck

Udemy Business Q2'22 Revenue $74.6M +77% y/y Y/Y: Revenue $42.1 66% Q2'21 +79% Segment Gross Margin $50.4 65% Q3'21 Strong revenue growth driven by both new logo acquisition and expansion within existing customers +84% $57.8 67% Q4'21 +81% $64.9 66% Q1'22 +77% (in millions) $74.6 28 Note: Segment margins exclude stock-based compensation, depreciation, and amortization. 67% Q2'22 +77% Q2'22 Revenue Contribution 49% +16pp y/y 33% 67% Q2'21 Consumer Continued revenue mix shift to Udemy Business Revenue Contribution 39% 61% 43% 57% Q3'21 Udemy Business Q4'21 43% 57% Q1'22 49% 51% Q2'22 ûdemy

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