Udemy Results Presentation Deck

Udemy Business Q4'21 ARR¹ $239.3M 10.5K +74% y/y +44% y/y $137.6 Q4'20 Y/Y +83% Annual Recurring Revenue (in millions) $155.2 $181.9 Q1'21 +82% Customers Q2'21 +80% $207.4 Q3'21 +80% 29 Note: Segment margins exclude stock-based compensation, depreciation and amortization. 1 Annual Recurring Revenue. $239.3 Q4'21 +74% Accelerating growth in customers for the 3rd straight quarter . 118% Net Dollar Retention Rate 7.3 Q4'20 Y/Y +41% 7.8 Q1'21 +30% Customers (in thousands) 8.7 9.6 Q2'21 +36% Q3'21 +42% 10.5 Q4'21 +44% ûdemy

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