2u (TWOU) Tops Q2 EPS by 5c, Revenues Beat

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Go back to 2u (TWOU) Tops Q2 EPS by 5c, Revenues Beat

2U, Inc. Reports Results for Second Quarter 2020

July 30, 2020 4:01 PM EDT

LANHAM, Md., July 30, 2020 /PRNewswire/ -- 2U, Inc. (Nasdaq: TWOU), a global leader in education technology, today reported financial and operating results for the second quarter ended June 30, 2020.

Results for Second Quarter 2020 Compared to Second Quarter 2019

Revenue increased 35% to $182.7 million Graduate Program Segment revenue increased 14% to $115.7 million Alternative Credential Segment revenue increased 97% to $67.0 million, including $36.6 million in revenue from Trilogy, acquired in May 2019 Net loss increased $38.2 million to $66.2 million, or $1.03 per share

Non-GAAP Results for Second Quarter 2020 Compared to Second... More