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, Inc. (Nasdaq: TWOU) has appointed Lorin Thomas-Tavel as the new managing director of boot camps. She succeeds Greg Calverase, who is retiring. Thomas-Tavel, previously chief experience officer at Kaplan, will lead innovations and improve the student experience in boot camp offerings, which currently boast over 30,000 graduates and partnerships with 54 universities globally. With a focus on digital transformation and consumer experience, her expertise is expected to drive growth in 2U's alternative credential segment.
On February 22, 2021, 2U, Inc. (TWOU) announced its participation in two upcoming investor conferences. The company will present at the Morgan Stanley Technology, Media & Telecom Conference on March 4, 2021, at 8:45 AM ET and at the Jefferies Virtual Online Education / e-Learning Summit on March 11, 2021, at 11:15 AM ET. These presentations will cover the company's history, strategy, and financial results. A live webcast will be available, along with an archive for 90 days post-event.
2U, Inc. (TWOU) reported a strong financial performance for the fourth quarter and full-year 2020. Revenue surged by 35% to $774.5 million, driven by a significant 83% increase in the Alternative Credential Segment. The net loss improved by $18.7 million to $216.5 million, reflecting ongoing operational strength. Cash reserves rose to $518.9 million. Looking ahead, 2U anticipates a revenue growth of 17% to 22% in 2021, with a projected net loss decreasing to $185 million to $165 million and adjusted EBITDA between $45 million and $65 million.
2U, Inc. (TWOU) and the Institute for Management Development (IMD) have announced a partnership to launch a suite of professional short courses over five years. The courses will cover topics like cybersecurity, digital supply chain operations, and digital strategy, available later this year via 2U's GetSmarter brand. This collaboration aims to equip executives with essential skills for navigating the evolving business landscape, responding to increased demands for digital transformation and cybersecurity expertise in the post-pandemic world.
Morehouse College, the only HBCU focused on educating men, is launching Morehouse Online, an undergraduate program aimed at non-traditional students, in partnership with 2U, Inc. (Nasdaq: TWOU). Set to begin in August 2021, the initial offerings include a bachelor's degree completion program in business administration. Morehouse intends to create flexible pathways for over 3.4 million Black men in the U.S. with some college credit but no degree. The program seeks to enhance access to quality education for men of color, continuing the institution's mission for leadership and service.
2U, Inc. (Nasdaq: TWOU) will report its fourth quarter and full year 2020 financial results on February 11, 2021. CEO Christopher Paucek and CFO Paul Lalljie will discuss these results during a conference call at 4:30 p.m. ET. Interested parties can access the live webcast via the Investor Relations site. 2U has partnered with universities to deliver over 475 educational offerings and has impacted the lives of more than 275,000 students.
On December 8, 2020, 2U announced the launch of two online training programs in partnership with Pepperdine Graziadio Business School: the FinTech Boot Camp and Digital Marketing Boot Camp, aimed at adult learners. Beginning in April 2021, these part-time programs will cover essential skills for competitive roles in tech. Enrollment is now open for both programs, which will utilize live instruction and career services. This partnership, ongoing since 2017, responds to the rising demand for technical skills amidst a changing job market.
2U, Inc. (Nasdaq: TWOU) has announced an expanded partnership with the University of London and the London School of Economics (LSE) to launch two additional online undergraduate degrees. This initiative builds on a previous collaboration initiated in 2019 and increases the total online degree offerings to nine. The degrees aim to enhance educational accessibility, especially during the COVID era, and cater to diverse, international learners. Applications for the new programs will open in February 2021, furthering 2U's mission to transform digital education.
2U, Inc. (Nasdaq: TWOU) has partnered with Employ Prince George's and the George Washington University to launch the Access 2 Education Scholarship Fund. This initiative aims to enhance the technical talent pipeline in the Washington D.C. area, focusing on serving Black, Latinx communities, women, and low-income individuals. Scholarships will reduce tuition by 65% for boot camps in Coding, Data Analytics, UX/UI, Digital Marketing, and Cybersecurity. Applications are open until December 31, 2020 for courses starting in January and February 2021.
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