2U, Inc. Reports Results for Full-Year and Fourth Quarter 2020
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2u (TWOU) Tops Q4 EPS by 3c, Revenues Beat; Offers FY21 Revenue Mid-Point Guidance Above Consensus
February 11, 2021 4:04 PM EST2u (NASDAQ: TWOU) reported Q4 EPS of ($0.06), $0.03 better than the analyst estimate of ($0.09). Revenue for the quarter came in at $215.3 million versus the consensus estimate of $208.23 million.
Results for Fourth Quarter 2020 Compared to Fourth Quarter 2019
Revenue increased 32% to $215.3 millionDegree Program Segment revenue increased 21% to $130.5 millionAlternative Credential Segment revenue increased 54% to $84.8 millionNet loss improved $6.9 million to $37.7 million, or $0.52 per shareNon-GAAP Results for Fourth Quarter 2020 Compared to Fourth Quarter 2019
Adjusted EBITDA improved... More