2u (TWOU) Tops Q1 EPS by 11c, Revenues Beat; Offers FY21 Revenue Outlook

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2U Reports Results for First Quarter 2021

April 28, 2021 4:01 PM EDT

LANHAM, Md., April 28, 2021 /PRNewswire/ -- 2U, Inc. (Nasdaq: TWOU), a global leader in education technology, today reported financial and operating results for the quarter ended March 31, 2021.

Results for First Quarter 2021 Compared to First Quarter 2020

Revenue increased 32% to $232.5 million Degree Program Segment revenue increased 23% to $145.9 million Alternative Credential Segment revenue increased 52% to $86.6 million Net loss improved $14.5 million to $45.6 million, or $0.62 per share Total cash balance at quarter end increased to $505.1 million, from $157.5 million

Non-GAAP Results for First Quarter 2021 Compared to First Quarter... More