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. (TWOU) reported its financial results for Q4 and FY 2022, indicating a 3% revenue decline to $236 million in Q4, with Degree Program Segment revenue down 10%. The Alternative Credential Segment saw an 8% increase to $98.9 million. Despite a 65% rise in net loss to $322.2 million for the full year, adjusted net income improved by 225% to $18.5 million. The company enhanced its credit profile by reducing secured debt by $187 million in January 2023. Looking ahead, 2U expects modest revenue growth in 2023, projecting revenue between $985 million to $995 million.
University of North Carolina at Chapel Hill has partnered with 2U (Nasdaq: TWOU) to launch a new online Doctor of Education (Ed.D.) in Organizational Leadership program. This three-year program, aimed at working professionals, will be the sixth online degree offered by Carolina in collaboration with 2U.
Scheduled to potentially accept applications in Fall 2023, with courses starting in Spring 2024, the program is designed to equip students with strategies to enact change across various sectors. The continuous partnership over 12 years aims to enhance digital learning, offering a wide range of online graduate programs.
2U, Inc. (NASDAQ: TWOU) has announced that it will report its fourth quarter and full year 2022 financial and operational results on February 2, 2023. The results will be discussed during an audio webcast and conference call at 4:30 p.m. ET, hosted by CEO Christopher Paucek and CFO Paul Lalljie. Interested parties can pre-register for the event and access the live webcast through the company's investor relations website. 2U, through its subsidiary edX, partners with over 230 institutions and offers more than 4,000 digital education programs to over 46 million learners worldwide.
The University of Texas at Austin has launched a new online Master of Science degree in Artificial Intelligence (MSAI) in collaboration with edX, a subsidiary of 2U (Nasdaq: TWOU). Priced at $10,000, this program aims to provide a flexible, high-quality educational pathway for working professionals, addressing the increasing demand for AI specialists across various industries. Applications open in June 2023, with classes starting in January 2024, pending approval. The program emphasizes areas such as machine learning and natural language processing, ultimately preparing graduates for careers in diverse sectors including business, healthcare, and government.
2U, Inc. (TWOU) announces a partnership with WOBI to launch short-form management courses on edX.org starting May 2023. The courses, developed by global thought leaders, will allow learners to complete them in under two weeks. The initial five courses include topics like Innovation and Management and Competing in a Customer-Centric World. This collaboration aims to equip over 46 million edX users with essential management skills and close the digital skills gap, emphasizing the importance of knowledge in today's competitive business environment.
The International Council of E-Commerce Consultants (EC-Council) has collaborated with edX, a platform of 2U, Inc. (Nasdaq: TWOU), to launch the Cybersecurity Essentials Professional Certificate. This program addresses the growing cybersecurity workforce gap by offering foundational courses in network defense, ethical hacking, and digital forensics. Priced at $447 USD, the course aims to equip beginners with essential cybersecurity skills. With nearly 4 million cyber job openings globally, this initiative seeks to train new professionals to meet industry demands.
2U, Inc. (Nasdaq: TWOU) has announced the launch of two formal internship programs aimed at attracting diverse talent. Starting in Summer 2023, the 12-week paid internships will take place at the company’s headquarters in Lanham, MD, with 24 interns participating. The program offers project-based opportunities and mentorship from senior leadership, focusing on real business challenges. 2U aims to provide interns with constructive feedback and performance reviews to support their career growth. The company, in conjunction with edX, serves over 46 million learners globally, partnering with more than 230 institutions to deliver a wide range of digital education offerings.
Wesleyan University has joined the global edX partner network, a platform owned by 2U (Nasdaq: TWOU), to expand its online educational offerings. This partnership will introduce a series of Massive Open Online Courses (MOOCs) in 2023, enhancing Wesleyan's online presence and accessibility to education. The collaboration aims to provide affordable and diverse programming to over 46 million learners globally. The initiative aligns with Wesleyan's mission of educational innovation and expanding access beyond its campus in Middletown, Conn.
2U, Inc. (Nasdaq: TWOU) announced a refinancing agreement that extends its term loan maturity from December 2024 to December 2026, reducing secured debt by $187 million. The company secured approximately $127 million in new capital through 4.50% Senior Unsecured Convertible Notes due 2030. This refinancing strengthens the company's credit profile and enhances its financial flexibility. The term loan's interest is based on Term SOFR plus 6.5%. The transactions are viewed as a positive step for 2U's future performance and market position.
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