Udemy Investor Presentation Q4 2022

Consumer segment Q4'22 revenue $74.7M (4%) Y/Y Q4'22 segment revenue Y/Y includes negative 5 pp impact from FX Revenue Segment Gross margin (in millions) $77.7 $87.3 $78.5 $74.6 $74.7 48% 54% 54% 52% 50% Monthly average buyers 1.36M (2%) Y/Y Robust traffic with 35M unique visitors per month¹ Monthly Average Buyers (in thousands) 1,388 1,383 1,290 1,316 1,355 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Y/Y: (1%) (1%) (7%) (6%) (4%) Y/Y: 1% (2%) (2%) +4% (2%) 29 Note: Segment margins exclude stock-based compensation, depreciation, and amortization. 1. Average during Q4 2022 Ûdemy

View entire presentation