Financial Highlights and Margin Progression

Realigning our business and organization around edX edx We are accelerating our transition into a platform company, with one unified product and marketing strategy. R Revamped marketing framework ○ Significantly reduce our overall marketing spend as a percentage of revenue and increase efficiency and profitability Simplified organizational structure Eliminates redundancies and increases agility Greater flexibility for partners Includes bold and important steps to support our partners in expanding access and bringing down the cost of higher education 20 edx 4

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