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. (TWOU) provides a global platform powering online education through university partnerships and cloud-based learning solutions. This news hub offers investors and stakeholders timely access to official announcements and market-moving developments.
Track all essential updates including quarterly earnings reports, strategic academic partnerships, platform innovations, and leadership updates. Our curated feed ensures you stay informed about 2U's role in shaping accessible, technology-driven higher education.
Discover how 2U's SaaS solutions continue transforming digital learning through press releases on new degree program launches, operational efficiency initiatives, and financial restructuring efforts. Content is updated as developments occur, providing a reliable resource for monitoring this edtech leader's trajectory.
Bookmark this page for streamlined access to 2U's latest corporate communications, analyst commentary, and verified industry coverage. Check regularly for updates impacting the company's position in the competitive online education market.
2U, a leading online education platform, reported a 6% decline in revenue for Q1 2023, totaling $238.5 million, compared to $253.3 million in Q1 2022. The Degree Program Segment saw a 9% decrease to $140.5 million, while the Alternative Credential Segment decreased 1% to $98 million. Despite these revenue drops, the company improved its net loss by 57% to $54.1 million.
Adjusted EBITDA surged 146% to $30.2 million, marking a 13% margin. The company ended the quarter with cash and equivalents of $109.3 million, down from $182.6 million as of December 31, 2022. 2U affirmed its FY 2023 revenue guidance between $985 million and $995 million, signaling expected growth.
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