Udemy Results Presentation Deck

Guidance Revenue Adjusted EBITDA Margin Weighted Average Share Count Q3'22 $153.0 157.0 million (14%) - (12%) 141 million FY22 $615.0-640.0 million (12%) - (10%) 142 million 31 Note: Adjusted EBITDA represents net loss attributable to common stockholders, adjusted to exclude interest expense (income), net; provision for income taxes; depreciation and amortization; stock-based compensation expense; and other expense (income), net. We have not reconciled our expectations for Adjusted EBITDA to net loss, the most directly comparable GAAP measure, because certain items are out of our control or cannot be reasonably predicted. Accordingly, a reconciliation for the guidance for Adjusted EBITDA is not available without unreasonable effort. ûdemy

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