Udemy Investor Presentation Q4 2022

Udemy at a glance Strong, consistent revenue growth Compelling marketplace Large and engaged audience Proven land-and- expand strategy Global reach, local content $629M 2022 Revenue 70k+ Instructors 59M Learners ARR¹ 22% 200k+ 52M Q4 learning hours Y/Y Growth Courses $372M -60% Revenue from outside U.S. 123% ~75 Large Customer NDRR² Languages 4 Note: Data as of December 31, 2022, unless otherwise noted 1 Annual Recurring Revenue represents the annualized value of our UB customer contracts on the last day of a given period. 2 Large Customer NDRR is calculated as the total UB Large Customer ARR at the end of a trailing twelve-month period divided by the total Large Customer ARR at the beginning of a trailing twelve-month period for the cohort of UB customers with at least 1,000 employees active at the beginning of the trailing twelve-month period ûdemy

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