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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.