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 North Carolina at Chapel Hill is expanding its digital learning platform through a partnership with 2U, Inc. (Nasdaq: TWOU). This initiative aims to broaden online program offerings, including graduate degrees and professional development, enhancing access to world-class education. 2U will manage these online programs, retaining UNC's control over academic functions. This partnership is set to accelerate Carolina's digital education strategy, improving learning flexibility and innovation in higher education, as outlined in its strategic plan, Carolina Next.
2U, Inc. (Nasdaq: TWOU) is launching 10 new professional online short courses in Health and Wellness, Leadership and Management, Digital Transformation in Healthcare, and Innovation and Research, developed in partnership with Stanford Center for Health Education. These courses aim to address the growing demand for accessible health education, especially during the COVID-19 pandemic. The courses will be available globally through GetSmarter and are designed for healthcare professionals and business leaders, typically spanning 6-8 weeks.
2U, Inc. (Nasdaq: TWOU) has released its inaugural Transparency Report, detailing key metrics of its educational offerings. The report showcases a $1.3 billion investment in non-profit partners' degree programs and highlights a 72% graduation rate for degree programs and a 90% course completion rate for non-degree offerings. It also emphasizes the diversity of its student body, with 66% identifying as female and significant representation from Black/African American and Hispanic/Latino communities. The report aims to enhance understanding of online education's role in achieving successful outcomes.
On November 10, 2020, the University of Miami Herbert Business School partnered with 2U, Inc. (TWOU) to launch a FinTech Boot Camp. This 24-week online program, starting in February 2021, targets adult learners and working professionals, providing skills in financial technology, including Python, blockchain, and machine learning. The boot camp addresses the growing demand for fintech expertise in Miami's resilient financial services sector. Graduates will receive a Certificate of Completion, enhancing their career prospects in a robust job market.
2U, Inc. (Nasdaq: TWOU) announced its participation in three upcoming investor conferences in Q4 2020. The events include the Citi Virtual Education Series on November 11 at 11:00 am ET, the Berenberg CEO Conference on November 13 at 2:00 pm ET, and the Credit Suisse 24th Annual Technology Conference on December 1 at 11:30 am ET. These presentations will focus on the company’s history, strategy, and financial results. A live webcast of the presentations will be available on the company’s investor website for 90 days following the events.
2U, Inc. (Nasdaq: TWOU) has partnered with SDA Bocconi School of Management to launch four new short courses in 2021. These courses focus on business essentials, sales management, blockchain, and sustainable fashion, addressing the growing demand for skilled talent post-COVID-19. The partnership aims to provide flexible training options to professionals, thereby enhancing career prospects. Each course is taught in English, with participants receiving a certificate of completion from SDA Bocconi.
2U, Inc. (TWOU) reported a 31% revenue surge in Q3 2020, totaling $201.1 million compared to $153.8 million in Q3 2019. Graduate Program revenue rose 18%, while Alternative Credential revenue jumped 57%. The net loss decreased by $88.6 million to $52.6 million, or $0.77 per share. Cash reserves improved to $499.6 million, reflecting a significant increase from $189.9 million at the end of 2019. The company reintroduced annual guidance, aiming for 2020 revenues between $760 million and $775 million, projecting a net loss of $225 million to $210 million.
2U, Inc. (Nasdaq: TWOU) will report its third quarter 2020 financial results on October 27, 2020. CEO Christopher Paucek and CFO Paul Lalljie will discuss these results during a conference call and audio webcast at 4:30 p.m. ET. Investors can access the live webcast on the company's investor relations website. 2U has partnered with leading universities to provide over 435 educational offerings and transform the lives of over 245,000 students. For more details, visit 2U.com.
GetSmarter, a brand of 2U (TWOU), launched a survey titled 'Future of Work is Here', highlighting the impact of COVID-19 on workforce dynamics. Conducted with over 8,000 global respondents, the survey indicates an urgent need for continuous learning and upskilling, particularly in technical and soft skills. Key findings show that 70% of professionals view skills-based certificates as crucial, while 54% believe upskilling is a shared responsibility. The data emphasizes the importance of critical thinking and leadership skills in today's job market, informing both employees and employers.
2U, Inc. (Nasdaq: TWOU) announced a partnership with Colgate University on September 10, 2020, to enhance remote education capabilities. This collaboration involves access to 2UOS Essential, a suite of services including course production, technology support, and faculty training. The aim is to facilitate a high-quality hybrid learning experience during the COVID-19 pandemic. Notable features include video production support and a robust online learning management system. Colgate seeks to maintain its educational standards through this initiative, helping faculty adapt to online teaching.
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?
