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.
On May 20, 2021, 2U, Inc. (TWOU) announced an expansion of its summer high school boot camp program, partnering with Columbia Engineering, University of Pennsylvania, Rice University, and Northwestern University. The program aims to provide students aged 13 and older with foundational knowledge in coding and data analytics, enhancing their technical skills for college and future careers. Students will benefit from personalized support, real-world mentorship, and earn certificates upon completion. Registration for the summer boot camps is now open, starting in June and July.
2U, Inc. (Nasdaq: TWOU), a leader in education technology, will participate in the Needham Technology & Media Conference on May 18, 2021, at 2:15pm ET. The presentation will cover the company's history, strategy, and financial results. Interested stakeholders can access a live webcast of the event at investor.2U.com. An archive will be available for 90 days post-event.
2U, a leader in education technology, reported strong financial results for Q1 2021. Revenue grew by 32% to $232.5 million, with the Degree Program Segment increasing 23% and the Alternative Credential Segment rising 52%. Though a net loss improved to $45.6 million, cash balance rose to $505.1 million. The company expects full-year revenue to reach $925 million to $955 million, representing 19% to 23% growth. Adjusted EBITDA is projected between $55 million and $65 million. Overall, the results reflect strong demand and growth in enrollments.
2U, Inc. (TWOU) and Keypath Education have announced a partnership with Pepperdine University to launch an online Master of Public Policy and Leadership (MPPL) degree, expanding access to higher education. This program is designed for early- and mid-career professionals and is the 11th online degree offering at Pepperdine. The 33-credit program will feature stackable certificates focused on local government, education policy, and policy communications. Set to launch in 2022, it aims to address the growing need for skilled public leaders in today's complex political landscape.
On April 22, 2021, Gallup and 2U released the 2020 Gallup-2U Graduate Alumni Outcomes Study, revealing that 97% of alumni from 2U's online graduate programs reported positive career outcomes post-graduation. Notably, 94% of Black alumni and 97% of first-generation graduates experienced similar successes. Key findings included that 53% of alumni saw salary increases, and a majority (69%) reported overall life satisfaction amid COVID-19 challenges. The study highlights the importance of equitable online education and the launch of 2U's expanded Career Engagement Network to support all students.
2U, Inc. (Nasdaq: TWOU) is set to report its first quarter 2021 financial results on April 28, 2021. The announcement comes ahead of a scheduled audio webcast and conference call at 4:30 p.m. ET, where CEO Christopher 'Chip' Paucek and CFO Paul Lalljie will discuss the results. Investors can access the live stream on the company's Investor Relations site. 2U has built a strong digital education ecosystem, serving over 300,000 students globally through various educational offerings.
2U, Inc. (Nasdaq: TWOU) announced the expansion of its Career Engagement Network to all students and graduates of its online programs at no cost starting July 2021. This initiative is designed to provide career resources, tools, and recruiting opportunities developed from insights of 35,000 boot camp graduates and employers. The Network will include workshops, webinars, and career fairs with companies like Google and Target, aiming to enhance job placement and career advancement for users.
The Family Institute at Northwestern University and 2U, Inc. (TWOU) have announced a new online master's program in marriage and family therapy (MFT), expanding their partnership that began with Counseling@Northwestern in 2015. This program addresses the increasing demand for trained mental health professionals, particularly as 4 in 10 adults in the U.S. report poor mental health due to the pandemic. The initiative aims to equip a diverse generation of therapists to meet the growing mental health needs in society.
2U, Inc. (Nasdaq: TWOU) has announced a partnership with the University of Toronto's Rotman School of Management to develop online short courses in business topics, including a new course on Fintech. Expected to launch in 2022 through the GetSmarter brand, these courses aim to meet the growing demand for flexible, career-relevant education. The partnership builds upon existing offerings, with over 1,100 graduates from Rotman's boot camps since 2018. The initiative comes as the fintech market is projected to reach a value of $305 billion by 2025.
2U, Inc. (Nasdaq: TWOU) has announced a schedule change for its presentation at the Jefferies Virtual Online Education / e-Learning Summit, now set for Thursday, March 11, 2021 at 11:00am ET. A live webcast of this presentation will be accessible through the company’s investor relations website, with an archived version available for 90 days post-event. 2U has partnered with universities to create over 500 educational offerings, positively impacting more than 300,000 students and learners globally.
FAQ
What is the current stock price of 2U (TWOU)?
What is the market cap of 2U (TWOU)?
What does 2U, Inc. do?
What is the no back row® approach?
What segments does 2U operate in?
How is 2U performing financially?
What recent partnerships has 2U announced?
Who are the key executives at 2U?
What is the purpose of 2U's reverse stock split?
What is edX, and how is it related to 2U?
How does 2U support universities?
Where can I find more information about 2U?
