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.
The University of California, Davis, Graduate School of Management has launched a pilot program offering interest-free deferred tuition payments for its online MBA students. Starting January or April 2022, eligible students can defer tuition payments for the second half of the program until after graduation. This initiative aims to improve access and affordability amid rising student debt in the U.S., which totals $1.7 trillion. Unlike income-share agreements, students only pay what they defer, with zero interest. This is a pioneering move in U.S. business education.
2U, Inc. (TWOU) and Saïd Business School, University of Oxford, have announced the launch of six new GetSmarter professional short courses, expanding their partnership through 2024. These courses cover topics like Executive Finance, Climate Emergency, and Future of Real Estate, aimed at enhancing global professionals' skills. Since 2017, over 20,000 learners have been reached. The partnership aims to equip leaders for the post-pandemic economy, emphasizing the need for innovative skills in a rapidly changing business landscape.
On August 4, 2021, Howard University announced an online Master of Social Work (MSW) program in partnership with 2U, Inc. (Nasdaq: TWOU). The part-time MSW will launch in January 2022, followed by a full-time option in September 2022. This initiative aims to address the pressing need for socially conscious social workers, particularly in marginalized communities. Howard University's online program will emphasize social justice and provide students with extensive field education, leveraging 2U's technology to enhance learning outcomes.
2U, Inc. (TWOU) reported strong second-quarter results for 2021 with a 30% revenue increase to $237.2 million, driven by a 26% rise in Degree Program revenue and a 36% surge in Alternative Credential revenue. The net loss improved to $21.8 million, up from $66.1 million. Adjusted EBITDA grew to $17.1 million. The company reaffirmed its full-year revenue guidance of $925.0 million to $955.0 million. Cash reserves increased significantly to $971.3 million. CEO Chip Paucek highlighted the growing demand for their digital transformation services in education.
2U, Inc. (Nasdaq: TWOU) has expanded its partnership with the University of Miami Herbert Business School, launching a new Online Advanced MBA track alongside its existing Online MBA program. The agreement, effective early 2022, aims to provide a more accessible and affordable pathway for students with prior credits or professional experience. This expansion builds on 2U's current offerings, which already include tech skills-focused boot camps. The University of Miami's online MBA is ranked among the Top 50 in the country, with strong demand for MBA graduates predicted as businesses recover.
2U, Inc. (Nasdaq: TWOU) will report its Q2 2021 financial results on July 29, 2021. The announcement was made on July 22, 2021, along with details for a conference call at 4:30 p.m. ET featuring CEO Christopher "Chip" Paucek and CFO Paul Lalljie. Interested participants can access the webcast via the Investor Relations site. 2U continues to lead in education technology, supporting over 500 educational offerings and transforming the lives of over 300,000 students.
On July 15, 2021, 2U (Nasdaq: TWOU) was endorsed by OneTen as a talent developer, aiming to upskill and advance one million Black individuals over the next decade. This partnership focuses on providing access to tech skills-based boot camps and high-quality online educational offerings through 2U's non-profit university partners. 2U will connect graduates from its programs with job opportunities at OneTen's employer partners, reinforcing its commitment to removing barriers for Black talent and fostering equitable access to career advancement.
2U, Inc. (Nasdaq: TWOU) announced a definitive agreement to acquire substantially all of edX's assets for $800 million in cash. This acquisition is expected to enhance 2U's position as a leader in digital education, allowing access to over 50 million learners and more than 230 universities. The deal, funded by a $475 million senior secured term loan, is anticipated to improve marketing efficiencies by 10%-15% annually. While projected to impact adjusted EBITDA positively in fiscal 2023, it may slightly dilute it in fiscal 2022.
2U (TWOU) has announced a definitive agreement to acquire edX for $800 million in cash. This acquisition aims to redefine online education by combining their strengths to expand access and affordability in higher education. The partnership will connect over 50 million learners globally and offer more than 3,500 digital programs. The deal, approved by both companies' boards, will operate edX as a public benefit entity and is expected to close within 120 days, pending regulatory approvals.
2U, Inc. (Nasdaq: TWOU) has announced that its participation in future investor events will be communicated exclusively via its Investor Relations website. Interested parties can register for email alerts regarding upcoming events. The site will also provide access to live webcasts, replays, company filings, and safe harbor disclosure information. For over a decade, 2U has focused on transforming higher education by supporting over 500 educational offerings and benefiting more than 300,000 students.
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