Financial Highlights and Margin Progression

Performance Highlights. $241.5M $21.9M Revenue Degree Program revenue: $143.1M Alternative Credential revenue: $98.4M Adj. EBITDA¹ 2Q'22 Net Loss of $62.9M 20 edx (1) $11.5M TTM Unlevered Free Cash Flow¹ Adjusted EBITDA, Adjusted EBITDA margin, and Unlevered Free Cash Flow are non-GAAP measures. Refer to the Appendix for a reconciliation of non-GAAP financial measures to the most comparable GAAP measures. 2022 Outlook Raising full-year EBITDA expectations by 30%, while lo revenue expectations by 10%. Revenue to exceed $960.0M 2% growth Adjusted EBITDA¹ to range from $105.0M to $115.0M 65% growth at the midpoint Net loss to range from $240.0M to $230.0M 7

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