2U, Inc. Re-Affirms Earnings Guidance for the Second Quarter of 2024 and Full Year 2024
May 02, 2024 at 04:01 pm
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2U, Inc. re-affirmed earnings guidance for the second quarter of 2024 and full year 2024. For the quarter, the company expects revenue to range from $191 million to $194 million and Net loss to range from $37.5 million to $32.5 million.
For the year, the company expects revenue to range from $805 million to $815 million and net loss to range from $103 million to $98 million.
2U, Inc. is an online education platform company. The Company's segments include Degree Program Segment and Alternative Credential Segment. Degree Program Segment provides technology and services to nonprofit colleges and universities to enable the online delivery of degree programs. Students enrolled in these programs are seeking an undergraduate or graduate degree. Alternative Credential Segment provides premium online open courses, executive education offerings, technical, skills-based boot camps to individual consumers through relationships with nonprofit colleges and universities and other organizations. It also offers an enterprise solution that it sells to organizations and institutions to enable upskilling and reskilling of their workforces. Through edX, its education consumer marketplace, the Company offers more than 4,500 online learning opportunities. Its offerings cover a range of topics, including artificial intelligence, business, healthcare, education, and social work.
2U, INC. 
