2U, Inc. Reports Results for Third Quarter 2020

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Go back to 2U, Inc. Reports Results for Third Quarter 2020

2u (TWOU) Tops Q3 EPS by 1c, Revenues Beat; Offers FY20 Revenue Guidance Above Consensus

October 27, 2020 4:07 PM EDT

2u (NASDAQ: TWOU) reported Q3 EPS of ($0.24), $0.01 better than the analyst estimate of ($0.25). Revenue for the quarter came in at $201.1 million versus the consensus estimate of $188.56 million.

Results for Third Quarter 2020 Compared to Third Quarter 2019

Revenue increased 31% to $201.1 millionGraduate Program Segment revenue increased 18% to $122.0 millionAlternative Credential Segment revenue increased 57% to $79.1 millionNet loss decreased $88.6 million to $52.6 million, or $0.77 per shareTotal cash balance increased to $499.6 million

"2U's evolution over the past few years puts us in an excellent... More