Udemy Results Presentation Deck

GAAP to Non-GAAP Reconciliation Gross Profit ($ in thousands) Revenue: Consumer Enterprise Total Revenue Gross Profit Consumer Enterprise Total Segment Gross Profit Less: Amortization of Capitalized Software Less: Depreciation Non-GAAP Total Gross Profit Less: Stock-Based Compensation Less: Amortization of Intangible Assets GAAP Total Gross Profit Gross Margin: Consumer Enterprise Total Segment Non-GAAP GAAP 37 Three Months Ended March 31, 2022 2021 87,312 $ 64,911 152,223 47,515 42,748 90,263 (2,724) (189) 87,350 (840) (725) 85,785 54.4% 65.9% 59.3% 57.4% 56.4% 87,873 36,677 124,550 45,423 23,719 69,142 (2,012) (203) 66,927 (300) 66,627 51.7% 64.7% 55.5% 53.7% 53.5% ûdemy

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