Udemy Results Presentation Deck

Revenue and Gross Margin Q4'21 Revenue $138.0M +25% y/y Strong Udemy Business growth; Consumer stabilizing Q4'21 Gross Margin 55% 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: $110.1 50% Q4'20 +48% $124.5 27 Note: Gross Margin figures are non-GAAP, which excludes stock-based compensation and amortization of acquired intangibles. 54% Q1'21 +36% $126.1 56% Q2'21 +15% $129.6 56% Q3'21 +9% $138.0 55% Q4'21 +25% ûdemy

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