Udemy Results Presentation Deck

Revenue and Gross Margin Q1'22 Revenue $152.2M +22% y/y Driven by strong Udemy Business growth Q1'22 Gross Margin 57% Gross margin expected to increase over time based on anticipated growth of Udemy Business as a portion of our overall revenue (in millions) T Revenue Gross margin Y/Y: $124.5 54% Q1'21 +36% $126.1 26 Note: Gross Margin figures are non-GAAP, which excludes stock-based compensation and amortization of acquired intangibles. 56% Q2'21 +15% $129.6 56% Q3'21 +9% $135.5 54% Q4'21 +23% $152.2 57% Q1'22 +22% ûdemy

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