Udemy Results Presentation Deck

Udemy Business Q1'22 Revenue $64.9M +77% y/y Revenue $36.7 65% Q1'21 Y/Y: +78% Segment Gross Margin $42.1 66% Strong revenue growth driven by both new logo acquisition and expansion within existing customers Q2'21 +79% $50.4 65% Q3'21 +84% $57.8 67% Q4'21 +81% (in millions) $64.9 27 Note: Segment margins exclude stock-based compensation, depreciation, and amortization. 66% Q1'22 +77% Q1'22 Revenue Contribution 43% +13pp y/y 29% 71% Q1'21 Consumer Continued revenue mix shift to Udemy Business Revenue Contribution 33% 67% 39% 61% Q2'21 Udemy Business Q3'21 43% 57% Q4'21 43% 57% Q1'22 ûdemy

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