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2U, Inc. (Nasdaq: TWOU) will release its first quarter 2022 financial results on May 10, 2022. CEO Christopher Paucek and CFO Paul Lalljie will discuss the results during a webcast and conference call at 4:30 p.m. ET. Investors can access the live session via investor.2u.com and participate in the call by dialing designated numbers. The recording will be available on the Investor Relations site post-event. 2U, Inc. is a leading provider of online education through partnerships with over 230 institutions.
2U, Inc. (TWOU) reported a 22% revenue increase in 2021, totaling $945.7 million. Degree Program revenue rose 22% to $592.3 million, while Alternative Credential revenue grew 23% to $353.4 million. Net loss improved by $21.7 million to $194.8 million, equating to $2.61 per share. The fourth quarter saw revenue up 13% at $243.6 million but a net loss increase to $67.3 million. The guidance for 2022 projects revenue between $1.05 billion and $1.09 billion. Cash reserves decreased significantly to $249.9 million.
The University of Sydney has partnered with 2U (Nasdaq: TWOU) to launch online postgraduate degree programs. Starting with a Master of Data Science and a Master of Project and Program Management, applications will open in August 2022, with classes beginning in February 2023. This collaboration seeks to meet the rising demand for online education among working professionals. The University retains full academic control, while 2U provides technological support and resources. This partnership expands upon existing collaboration since 2019, which included coding and cybersecurity boot camps.
The Linux Foundation has launched a Spanish version of its popular Introduction to Linux (LF-UPV-101x) course on edX, after partnering with Universitat Politècnica de València (UPV). The original English course has attracted over 1 million enrollments. This initiative aims to enhance accessibility to open-source training for Spanish speakers, addressing a significant language barrier in tech education. The course provides comprehensive content for individuals with limited Linux experience, covering key tools and techniques used by system administrators.
2U, Inc. (TWOU) will report its fourth quarter and full year 2021 financial results on February 9, 2022. CEO Christopher Paucek and CFO Paul Lalljie will discuss the results during an audio webcast at 4:30 p.m. ET. Investors can access the webcast at investor.2u.com. The company has been a key player in digital education, partnering with over 230 institutions and serving more than 40 million learners globally. For more details, visit 2U.com.
MathWorks has partnered with edX to launch the MATLAB Essentials course, now open for registration. This four-week course is designed for students and professionals seeking to master MATLAB skills, essential for roles in machine learning, data analysis, and more. Upon completion, participants can prepare for the MathWorks Certified MATLAB Associate exam, validating their proficiency. The move is part of MathWorks' commitment to enhancing engineering education as demand for foundational programming skills grows, especially in the context of Industry 4.0.
2U, Inc. (Nasdaq: TWOU) has completed its acquisition of edX, a leading online learning platform, enhancing its position in the online education sector. This combination will enable 2U to serve over 40 million learners through more than 3,500 online offerings in partnership with over 230 institutions, including 19 of the top 20 universities globally. Key initiatives include a multi-million-dollar marketing campaign, the elimination of partner fees, and the introduction of new affordable educational pathways, emphasizing 2U's commitment to providing equitable access to quality education.
2U, a prominent education technology firm (Nasdaq: TWOU), reported a 16% year-over-year revenue increase to $232.4 million for Q3 2021, driven by a 21% rise in Degree Program Segment revenue. However, the net loss widened to $60.1 million, or $0.80 per share. Adjusted EBITDA improved to $14.7 million. The company anticipates closing the edX acquisition soon, which could bolster its offerings. 2021 revenue guidance has been raised to a range of $935 million to $955 million, reflecting a healthy outlook despite the increasing net loss.
2U, Inc. (Nasdaq: TWOU) has partnered with the National University of Singapore School of Computing to launch a portfolio of new professional programs. The initiative aims to offer twelve short courses in key fields such as AI, fintech, and digital transformation, catering to global professionals seeking to enhance their skills. Each course will be 5-8 weeks long, available in 2022, and will include flexible learning pathways. This collaboration emphasizes the rising demand for critical skills training in a post-pandemic world.
2U, Inc. (Nasdaq: TWOU) will report its third quarter 2021 financial results on November 9, 2021. The announcement was made on October 25, 2021, and will include a conference call at 4:30 p.m. ET featuring Co-Founder and CEO Chip Paucek and CFO Paul Lalljie. Interested parties can access the live webcast via their Investor Relations site. 2U is dedicated to enhancing higher education, partnering with various universities to offer over 550 educational programs and has impacted more than 350,000 students.