2U, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
July 29, 2021 at 04:07 pm EDT
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2U, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was USD 237.209 million compared to USD 182.687 million a year ago. Operating loss was USD 37.091 million compared to USD 49.065 million a year ago. Net loss was USD 21.831 million compared to USD 66.167 million a year ago. Basic loss per share from continuing operations was USD 0.29 compared to USD 1.03 a year ago. For the half year, sales was USD 469.682 million compared to USD 358.166 million a year ago. Operating loss was USD 74.223 million compared to USD 102.975 million a year ago. Net loss was USD 67.395 million compared to USD 126.273 million a year ago. Basic loss per share from continuing operations was USD 0.91 compared to USD 1.98 a year ago.
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. 
