Udemy Results Presentation Deck

GAAP to Non-GAAP Reconciliation Gross Profit ($ in thousands) Revenue: Consumer Enterprise Total Revenue Gross Profit Consumer Enterprise Total Segment Gross Profit Less: Amortization of Capitalized Software Less: Depreciation Non-GAAP Total Gross Profit Less: Stock-Based Compensation Less: Amortization of Intangible Assets GAAP Total Gross Profit Gross Margin: Consumer Enterprise Total Segment Non-GAAP GAAP 41 Three Months Ended June 30, 2022 2021 78,485 $ 74,627 153,112 42,274 49,945 92,219 (3,015) (189) 89,015 (989) (726) 87,300 53.9% 66.9% 60.2% 58.1% 57.0% 83,964 $ 42,129 126,093 45,051 27,674 72,725 (2,176) (212) 70,337 (237) 70,100 53.7% 65.7% 57.7% 55.8% 55.6% Six Months Ended June 30, 2022 2021 165,797 $ 139,538 305,335 89,789 92,693 182,482 (5,739) (379) 176,364 (1,829) (1,450) 173,085 54.2% 66.4% 59.8% 57.8% 56.7% 171,837 78,806 250,643 90,474 51,393 141,867 (4,188) (415) 137,264 (537) 136,727 52.7% 65.2% 56.6% 54.8% 54.6% ûdemy

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