Udemy Results Presentation Deck

GAAP to Non-GAAP Reconciliation Three Months Ended June 30, 2021 Stock-based Compensation Non-GAAP (in thousands, except share and per share amounts) Ś $ 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) Interest expense, net Other expense, net Total other expense, net Net loss before taxes Income tax provision Net loss attributable to common stockholders 38 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 126,093 55,993 70,100 50,902 14,783 15,389 81,074 (10,974) (173) (90) (263) (11,237) (154) (11,391) (0.31) 37,269,650 (237) 237 (1,712) (1,052) (2,971) (5,735) 5,972 5,972 5,972 $ 126,093 55,756 70,337 49,190 13,731 12,418 75,339 (5,002) (173) (90) (263) (5,265) (154) (5,419) (0.15) 37,269,650 ûdemy

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