Udemy Results Presentation Deck

GAAP to Non-GAAP Reconciliation Revenue Cost of revenue Gross profit Operating expenses Sales and marketing Research and development General and administrative Total operating expenses Loss from operations Other income (expense) 37 Interest income (expense), net Other expense, net Total other expense, net Net loss before taxes Income tax provision Net loss attributable to common stockholders Net loss per share attributable to common stockholders Basic and diluted Weighted-average shares used in computing net loss per share attributable to common stockholders $ $ GAAP Six Months Ended June 30, 2022 Stock-based Amortization of Compensation Intangible Assets (in thousands, except per share amounts) 305,335 132,250 173,085 135,299 46,533 45,096 226,928 (53,843) 370 (916) (546) (54,389) (640) (55,029) (0.39) 139,691,508 (1,829) 1,829 (9,144) (7,045) (10,056) (26,245) 28,074 28,074 28,074 (1,450) 1,450 (683) (683) 2,133 2,133 2,133 $ $ Non-GAAP 305,335 128,971 176,364 125,472 39,488 35,040 200,000 (23,636) 370 (916) (546) (24,182) (640) (24,822) (0.18) 139,691,508 ûdemy

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