Udemy Results Presentation Deck

GAAP to Non-GAAP Reconciliation Six Months Ended June 30, 2021 GAAP Stock-based Compensation (in thousands, except per share amounts) $ Revenue Cost of revenue Gross profit Operating expenses Sales and marketing Research and development General and administrative Total operating expenses Loss from operations Other income (expense) 39 Interest expense, net Other income, net Total other expense, net Net loss before taxes Income tax provision Net loss attributable to common stockholders Net loss per share attributable to common stockholders Basic and diluted Weighted-average shares used in computing net loss per share attributable to common stockholders $ $ 250,643 113,916 136,727 104,141 30,196 29,802 164,139 (27,412) (391) (518) (909) (28,321) (1,059) (29,380) (0.80) 36,726,992 (537) 537 (3,636) (3,142) (9,169) (15,947) 16,484 16,484 16,484 Ś Non-GAAP 250,643 113,379 137,264 100,505 27,054 20,633 148,192 (10,928) (391) (518) (909) (11,837) (1,059) (12,896) (0.35) 36,726,992 ûdemy

View entire presentation