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.
Baylor University has partnered with edX, a leading online learning platform from 2U, Inc. (TWOU), to launch the first MicroMasters® program in Social Work. This initiative offers a stackable credential applicable to the social work field and provides students an accessible pathway to a Master of Social Work (MSW) degree. The program aligns with the U.S. Bureau of Labor Statistics projection of a 12% growth in social work jobs from 2020 to 2030, emphasizing job relevance and career advancement. Baylor's online education aims to enhance students' earning potential and prepare them for leadership roles.
The American Psychological Association (APA) has partnered with edX, a 2U company (Nasdaq: TWOU), to launch its first Massive Open Online Courses (MOOCs) aimed at enhancing public knowledge of psychology.
Starting January 2023, the courses will be available to over 46 million edX learners globally. The initial course focuses on Qualitative Research in Psychology, with future courses covering topics like Positive Psychology, Stress, and Health.
This collaboration aims to promote psychological science and meet the growing demand for psychology expertise across various industries.
edX, a platform from 2U (TWOU), partners with UC Davis to launch free Massive Open Online Courses (MOOCs) and a Professional Certificate in SEO, expanding educational access to over 46 million learners worldwide. This initiative enhances UC Davis’ current offerings, including an Online MBA and technology boot camps. With over 1,700 learners benefiting from prior programs, the partnership aims to equip adult learners with critical skills for the evolving job market. The MOOCs cover essential topics like content marketing and digital marketing.
Russell Sage College has partnered with edX, a subsidiary of 2U, Inc. (TWOU), to launch a Master's of Science in Occupational Therapy (MSOT) and a Doctorate of Physical Therapy (DPT) degree. The MSOT program will be the first of its kind on the edX platform. These hybrid programs aim to address the increasing demand for healthcare professionals, as job growth for occupational and physical therapists is projected at 14% and 17%, respectively, by 2031. The programs are anticipated to launch in Fall 2024 and Spring 2025, pending necessary approvals.
George Washington University has partnered with edX, a platform owned by 2U, Inc. (TWOU), to launch a MicroMasters program in Public Health and an online Doctorate of Public Health (DrPH). This initiative aims to create a stackable degree pathway for learners and enhance access to high-quality education in public health. GW has been affiliated with 2U since 2012, resulting in over 8,000 student enrollments. The new programs are designed to meet the evolving demands for public health professionals globally.
On November 17, 2022, edX, a global online learning platform from 2U (Nasdaq: TWOU), announced the finalists for the 2022 edX Prize for Exceptional Contributions in Online Teaching and Learning. The ten finalists showcase innovative educators across various disciplines, from UX design to environmental sciences, highlighting the impact of online education. The award recognizes their dedication to enhancing learning experiences. A panel will evaluate submissions based on teaching effectiveness, innovation, and learner satisfaction, with the winner announced in early 2023.
2U, Inc. (TWOU) announced a collaboration with Emeritus to enhance online course offerings for learners in India, Latin America, and Asia Pacific. Starting in 2023, edX will provide access to Emeritus' programs, beginning with India. This move aims to address the significant demand for high-quality online education in these regions, particularly as only 8 million students are admitted to Indian colleges annually, well below the government's goal of 25 million by 2030. The partnership targets skills development in technology fields to meet projected workforce needs.
edX, a global online learning platform under 2U (Nasdaq: TWOU), has launched a new MicroMasters program titled Business: Data, Insights, and Analytics, in partnership with the University of Wisconsin–Madison. This three-course, 24-week program equips learners with essential skills in data visualization, database management, statistics, programming, and cloud computing. The initiative expands free-to-degree offerings on edX, supporting flexible learning pathways. Established in 2019, this collaboration enhances educational access and affordability.
2U, Inc. (Nasdaq: TWOU) reported Q3 2022 revenue of $232.2 million, flat year-over-year, with a net loss of $121.7 million. Adjusted EBITDA rose 121% to $32.5 million, prompting an increase in 2022 guidance, expecting revenue over $960 million and adjusted EBITDA ranging from $115 million to $117 million. The company implemented a Strategic Realignment Plan, projected to save $70 million annually on operating expenses. Despite the positive EBITDA trend, revenue from the Degree Program Segment fell by 7%, and total expenses rose by 22% to $336.5 million, affecting profitability.
University of California, Riverside Extension (UCRX) has joined forces with edX, a prominent online learning platform from 2U, Inc. (TWOU), to launch its first Massive Open Online Courses (MOOCs). Offering courses in mental health, well-being, and world languages, the programs will be free-to-audit. Notable offerings include mental health courses and language translation programs. UCRX will also continue its boot camps in coding and cybersecurity, which have successfully graduated over 300 learners since 2018.
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