Welcome to our dedicated page for 2U news (Ticker: TWOU), a resource for investors and traders seeking the latest updates and insights on 2U stock.
2U, Inc. (NASDAQ: TWOU) partners with leading colleges and universities to deliver the world's best online degree programs, making high-quality education accessible to students everywhere. 2U offers a unique blend of cloud-based software-as-a-service technology and technology-enabled services, providing comprehensive operating infrastructure to schools. This helps institutions attract, enroll, educate, support, and graduate students globally.
The company's no back row® approach integrates live face-to-face classes, dynamic course content, and real-world learning experiences. With this method, every qualified student gains access to superior university education, enhancing their chances of successful outcomes.
2U's platform supports two main segments: Degree Programs and Alternative Credentials. The Degree Program segment, which contributes the majority of the revenue, offers full academic degrees, while the Alternative Credential segment provides short technical courses and certificates for career advancement.
In recent news, 2U has expanded its partnerships, welcoming more than a dozen new organizations to its global online learning platform, edX. These new partners will offer courses in high-demand fields like artificial intelligence, cybersecurity, and healthcare. Additionally, 2U has strengthened its leadership by appointing key executives to streamline operations and enhance business models.
Financially, 2U has displayed resilience and adaptability. Despite a challenging economic landscape, the company reported a solid financial performance for Q1 2024, showing an improved cash position and progress in operational efficiency. However, the company is also focused on addressing its debt and enhancing profitability through strategic cost control measures.
2U's latest initiative includes a 1-for-30 reverse stock split, aimed at increasing the per-share market price to comply with Nasdaq's listing requirements. This move is part of a broader strategy to ensure long-term financial stability and continued growth.
As a global leader in online education, 2U, through its edX platform, connects over 86 million learners with thousands of affordable, career-relevant learning opportunities, in partnership with 260 leading universities and institutions. From free courses to full degrees, 2U is committed to creating a better future for all through the power of high-quality online education.
2U (TWOU), a leading online education platform, reported a 2% revenue increase to $241.5 million for Q2 2022, with net loss rising to $62.9 million. The Degree Program Segment experienced a 2% revenue decline, while the Alternative Credential Segment grew by 8%. The company plans to accelerate its platform strategy and achieve sustainable profitability, forecasting $70 million in annual expense savings. Adjusted EBITDA grew by 4.8 million to $21.9 million. Despite increased operational costs, the company expects revenue over $960 million for FY 2022 and aims for positive free cash flow in 2023.
2U, Inc. (Nasdaq: TWOU) will report its Q2 2022 financial results on Thursday, July 28, 2022. The call will be led by CEO Christopher Paucek and CFO Paul Lalljie at 4:30 p.m. ET. Investors can listen via a live webcast or by dialing into the conference call, with details available on the company's Investor Relations site. 2U, known for its partnership with non-profit institutions, provides online education globally and has reached over 44 million learners through collaborations with more than 230 educational partners.
edX, a global online learning platform from 2U (Nasdaq: TWOU), has launched two Spark Augmented Reality (AR) courses in partnership with Meta. The courses aim to prepare learners for careers in AR, offering free-to-audit options for over 44 million users. The first two courses, 'Getting Started with Spark AR' and 'Creating and Designing with Spark AR,' focus on AR design principles and skills. Meta will provide vouchers for the Spark AR Certification exam to the first 200 learners who complete the program. This collaboration seeks to enhance educational access within the metaverse.
edX, a part of 2U (TWOU), has partnered with Tulsa Community College (TCC) and Tulsa Innovation Labs (TIL) to launch a scholarship initiative for adult learners. This program offers no-cost, fully online cybersecurity and data analytics boot camps aimed at increasing technical talent in Tulsa, especially among women, BIPOC, and lower-income individuals. The scholarships, funded by the George Kaiser Family Foundation, will support over 200 learners in the next three years. Boot camp graduates can enhance their skills further through a collaboration with SkillStorm.
2U, Inc. (Nasdaq: TWOU) announced the formation of two university councils aimed at enhancing online education. The councils include the University Leadership Council (ULC) and the University Partner Advisory Council (UPAC), featuring leaders from over 230 partner institutions worldwide. These advisory councils aim to address emerging trends in online education and foster collaboration among universities. The initiative is part of 2U's strategy to provide high-quality, accessible learning experiences amid increasing demands for digital transformation in higher education.
edX, a global online learning platform from 2U (Nasdaq: TWOU), has partnered with the University of Maryland to launch a fully online Master of Professional Studies (MPS) in Product Management. This program, priced at approximately $25,000, is designed for working professionals and requires no face-to-face attendance. The initiative stems from the success of their previous Product Management Professional Certificate program, which attracted over 60,000 learners since its inception in May 2020. The MPS program is set to begin in August 2022, with applications open until July 29, 2022.
Elder Research and Statistics.com have partnered with edX to launch a unique series of Machine Learning Operations (MLOps) courses. This initiative is designed to meet the growing demand for training in AI Engineering and Machine Learning technologies. The program includes hands-on learning labs and covers topics like Predictive Analytics and deploying AI & ML models. Certifications will be awarded upon completion, and the courses support popular cloud platforms such as AWS, GCP, and Azure. This partnership aims to enhance the skills of learners in a rapidly evolving tech landscape.
2U, Inc. (TWOU) reported Q1 2022 results showing a 9% revenue increase to $253.3 million compared to Q1 2021, driven by gains in both the Degree Program and Alternative Credential segments. However, the net loss rose to $125.8 million, or $1.65 per share, up $80.2 million from the previous year. Adjusted EBITDA decreased slightly to $12.3 million. The company affirmed its 2022 revenue guidance of $1.05 billion to $1.09 billion, and adjusted EBITDA guidance increased to between $80 million and $90 million.
2U, Inc. (Nasdaq: TWOU) has rescheduled its first-quarter 2022 earnings release and conference call to May 5, 2022, five days earlier than initially planned. CEO Christopher Paucek and CFO Paul Lalljie will host a conference call at 4:30 p.m. ET to discuss results. Investors can access the live webcast at investor.2u.com. 2U has partnered with over 230 institutions, providing education to over 42 million learners globally through more than 3,600 digital offerings.
edX has announced the selection of 10 partner proposals to receive grants totaling $1 million for developing courses focused on Essential Human Skills necessary for today's virtual and hybrid work environment. This initiative follows 2U's acquisition of edX and aims to boost access to quality education by offering free audit tracks for all courses. The proposals received nearly 100 submissions from partners globally, emphasizing the community's commitment to enhancing educational experiences. Courses will be available as early as summer 2022.
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