2u (TWOU) Tops Q4 EPS by 3c, Revenues Beat; Offers FY21 Revenue Mid-Point Guidance Above Consensus
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2U, Inc. Reports Results for Full-Year and Fourth Quarter 2020
February 11, 2021 4:01 PM ESTLANHAM, Md., Feb. 11, 2021 /PRNewswire/ -- 2U, Inc. (Nasdaq: TWOU), a global leader in education technology, today reported financial and operating results for the full-year and fourth quarter ended December 31, 2020.
Results for Full-Year 2020 Compared to Full-Year 2019
Revenue increased 35% to $774.5 million Degree Program Segment revenue increased 17% to $486.7 million Alternative Credential Segment revenue increased 83% to $287.8 million Net loss improved $18.7 million to $216.5 million, or $3.22 per share Total cash balance increased to $518.9 millionNon-GAAP Results for Full-Year 2020 Compared to Full-Year 2019
Adjusted EBITDA... More