Udemy Investor Presentation Q4 2022

Low penetration of a massive and growing market opportunity 2021 $166B total1 19% 2027 $476B total¹ Growth drivers CAGR $97B Other e-learning1,2 $69B Corporate¹ Udemy: Less than 1% penetration today 25 25 1. Arizton E-Learnings Global Forecast & Outlook 2022 - 2027 2. Includes government, vocational, and higher education 3. Includes government, vocational, higher education and K-12 $305B Other e-learning 1,3 Increasing digital transformation Growth of the creator and skills economies • Remote work flexibility $171B Corporate¹ Renewed investment in L&D • Workforce reskilling/ upskilling expectations Ûdemy

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