Financial Highlights and Margin Progression

2Q'22 Adjusted EBITDA Reconciliation. (in $ millions) Reconciliation of non-GAAP adjusted EBITDA to GAAP net loss Three Months Ended 6/30/2022 $(62.9) Net loss Adjustments: Stock-based compensation expense Other (income) expense, net Amortization of acquired intangible assets Income tax benefit on amortization of acquired intangible assets Restructuring charges Other* Adjusted net loss Net interest expense Income tax provision Depreciation and amortization expense Adjusted EBITDA Adjusted EBITDA margin *Includes (i) transaction and integration expense of $1.0 million and (ii) stockholder activism and litigation-related recoveries of ($1.6) million 22.3 1.4 15.8 (0.4) 16.8 (0.6) (7.5) 13.7 0.3 15.5 $21.9 9% 2U 20 14

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