Company enters into agreement with its debtholders to eliminate over 50% of its debt and infuse approximately $110 million of new capital into the business, enabling 2U to invest further in its mission All educational programs and services to continue seamlessly with no interruption for partners or learners LANHAM, Md., July 25, 2024 /PRNewswire/ -- 2U, Inc. ("2U" or the "Company"), a global leader in online education, today announced that it has initiated a financial transaction to strengthen its balance sheet and position the Company to advance its mission of making high-quality education accessible to learners around the world. The Company has entered into a Restructuring Support Agreemen

LANHAM, Md., June 10, 2024 /PRNewswire/ -- 2U, Inc. (NASDAQ:TWOU), a leading online education platform company, today announced that it will proceed with a 1-for-30 reverse stock split ("Reverse Stock Split") of its outstanding shares of common stock (the "Common Stock") following approval by its Board of Directors. This ratio is within the range approved by stockholders at the annual meeting of 2U shareholders held on May 20, 2024. The Reverse Stock Split is expected to become effective at 5 p.m., Eastern Time, on June 13, 2024. 2U expects the Common Stock will begin trading on a post-split basis at the market open on June 14, 2024 under the symbol "TWOU" with the new CUSIP number 90214J 20

New degrees in teaching, speech pathology, and educational leadership designed to address critical workforce gaps, connect aspiring educators and health practitioners with high-quality training MALIBU, Calif. and LANHAM, Md. , May 16, 2024 /PRNewswire/ -- Pepperdine University and 2U, Inc. (NASDAQ:TWOU), a global leader in education technology and the company behind the online learning platform edX, today announced a significant expansion of their partnership with the development of six new online degree programs, many in licensure-based fields, including: a Master of Science in Education, a Master of Arts in Teaching, three doctoral programs in education, and a Master of Science in Speech-L

LANHAM, Md., May 2, 2024 /PRNewswire/ -- 2U, Inc. (NASDAQ:TWOU), a leading online education platform company, today reported financial and operating results for the quarter ended March 31, 2024. "With our leading position in the education industry, 2U has a significant opportunity to respond to and support the current technology moment, where advances in generative AI are driving strong demand for workforce development," said Paul Lalljie, Chief Executive Officer of 2U. "In order to make the most of this opportunity, we are focused on ensuring that we have the right operating model, an effective and efficient organization and cost structure, the right products, and a balance sheet that provi

LANHAM, Md., April 23, 2024 /PRNewswire/ -- 2U, Inc. (NASDAQ:TWOU) announced today that it will report its first quarter 2024 financial and operational results on Thursday, May 2, 2024. Paul Lalljie, Chief Executive Officer, and Matthew Norden, Chief Financial Officer, will hold an audio webcast and conference call at 4:30 p.m. ET to discuss the results. To pre-register, click here. To access the live webcast, visit investor.2u.com. To participate in the conference call by telephone from the U.S., dial 1-888-330-2446 (toll-free), or from outside the U.S., dial 1-240-789-2732 (toll), and provide conference ID number 1153388. A recording of the webcast will be posted to 2U's Investor Relations

LANHAM, Md., Feb. 12, 2024 /PRNewswire/ -- 2U, Inc. (NASDAQ:TWOU), a leading online education platform company, today reported financial and operating results for the quarter and full-year ended December 31, 2023. "I am proud to lead 2U through the next chapter of its journey," said Paul Lalljie, Chief Executive Officer of 2U. "We finished the year with strong performance, particularly in our executive education business, and a new organizational structure designed to enhance transparency and alignment across the company. We are resetting and enhancing our operations with renewed financial discipline. Looking ahead, we believe this renewed focus, along with our market-proven offerings, robus

LANHAM, Md., Feb. 1, 2024 /PRNewswire/ -- 2U, Inc. (NASDAQ:TWOU) announced today that it will report its fourth quarter and full year 2023 financial and operational results on Monday, February 12, 2024. Paul Lalljie, Chief Executive Officer, and Matthew Norden, Chief Financial Officer, will hold an audio webcast and conference call at 4:30 p.m. ET to discuss the results. To pre-register, click here. To access the live webcast, visit investor.2u.com. To participate in the conference call by telephone from the U.S., dial 1-888-330-2446 (toll-free), or from outside the U.S., dial 1-240-789-2732 (toll), and provide conference ID number 1153388. A recording of the webcast will be posted to 2U's I

New partnership also includes more than 15 online professional certificate programs in technology, business management, healthcare, and sustainability GUILDFORD, England and LANHAM, Md., Feb. 1, 2024 /PRNewswire/ -- 2U, Inc. (NASDAQ:TWOU), the company behind global online learning platform edX, today announced a new partnership with the University of Surrey to launch and support the delivery of online master's degrees and online professional certificate programs. An initial five online degree programs will welcome students in 2024, with a portfolio of at least 15 master's degrees and at least 15 professional certificate programs being delivered by 2026. This will expand access to this highl

Organizational structure sets up 2U to improve profitability, cash flow, and future growth LANHAM, Md., Jan. 3, 2024 /PRNewswire/ -- 2U, Inc. (NASDAQ:TWOU), a leading online education platform company, today announced that it has created two executive roles to lead each of the company's business segments. Andrew Hermalyn has been appointed President of the Degree Program Segment, and Aaron McCullough has been appointed President of the Alternative Credential Segment. In their new roles, Hermalyn and McCullough will have responsibility for all aspects of 2U's Degree Program and Alternative Credential Segments, respectively, and will continue to report directly to Chief Executive Officer Paul

Paul Lalljie Appointed CEO, Joins Board of Directors; Matthew Norden Appointed CFO Christopher "Chip" Paucek Departing as CEO and Member of the Board of Directors, Becoming Special Advisor LANHAM, Md., Nov. 17, 2023 /PRNewswire/ -- 2U, Inc. (NASDAQ:TWOU), a leading online education platform company, today announced a change of leadership to spearhead the next stage of its evolution as it focuses on improving operational efficiency and delivering profitable growth and cash flow. The Board of Directors has appointed Paul Lalljie, the company's current Chief Financial Officer, to succeed Christopher "Chip" Paucek as Chief Executive Officer and as a member of the Board of Directors, effective im

Needham downgraded 2U from Buy to Hold

Barrington Research downgraded 2U from Outperform to Mkt Perform

Cantor Fitzgerald downgraded 2U from Overweight to Neutral and set a new price target of $1.50 from $5.30 previously

Robert W. Baird downgraded 2U from Outperform to Neutral and set a new price target of $4.00 from $12.00 previously

Cantor Fitzgerald upgraded 2U from Neutral to Overweight and set a new price target of $7.40

Credit Suisse initiated coverage of 2U with a rating of Neutral and set a new price target of $8.00

Piper Sandler upgraded 2U from Underweight to Neutral and set a new price target of $7.00 from $8.00 previously

Macquarie downgraded 2U from Outperform to Neutral and set a new price target of $11.00

Piper Sandler downgraded 2U from Neutral to Underweight and set a new price target of $9.00 from $10.00 previously

Cantor Fitzgerald initiated coverage of 2U with a rating of Neutral and set a new price target of $12.00

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Paul Lalljie Appointed CEO, Joins Board of Directors; Matthew Norden Appointed CFO Christopher "Chip" Paucek Departing as CEO and Member of the Board of Directors, Becoming Special Advisor LANHAM, Md., Nov. 17, 2023 /PRNewswire/ -- 2U, Inc. (NASDAQ:TWOU), a leading online education platform company, today announced a change of leadership to spearhead the next stage of its evolution as it focuses on improving operational efficiency and delivering profitable growth and cash flow. The Board of Directors has appointed Paul Lalljie, the company's current Chief Financial Officer, to succeed Christopher "Chip" Paucek as Chief Executive Officer and as a member of the Board of Directors, effective im

LANHAM, Md., May 2, 2024 /PRNewswire/ -- 2U, Inc. (NASDAQ:TWOU), a leading online education platform company, today reported financial and operating results for the quarter ended March 31, 2024. "With our leading position in the education industry, 2U has a significant opportunity to respond to and support the current technology moment, where advances in generative AI are driving strong demand for workforce development," said Paul Lalljie, Chief Executive Officer of 2U. "In order to make the most of this opportunity, we are focused on ensuring that we have the right operating model, an effective and efficient organization and cost structure, the right products, and a balance sheet that provi

LANHAM, Md., April 23, 2024 /PRNewswire/ -- 2U, Inc. (NASDAQ:TWOU) announced today that it will report its first quarter 2024 financial and operational results on Thursday, May 2, 2024. Paul Lalljie, Chief Executive Officer, and Matthew Norden, Chief Financial Officer, will hold an audio webcast and conference call at 4:30 p.m. ET to discuss the results. To pre-register, click here. To access the live webcast, visit investor.2u.com. To participate in the conference call by telephone from the U.S., dial 1-888-330-2446 (toll-free), or from outside the U.S., dial 1-240-789-2732 (toll), and provide conference ID number 1153388. A recording of the webcast will be posted to 2U's Investor Relations

LANHAM, Md., Feb. 12, 2024 /PRNewswire/ -- 2U, Inc. (NASDAQ:TWOU), a leading online education platform company, today reported financial and operating results for the quarter and full-year ended December 31, 2023. "I am proud to lead 2U through the next chapter of its journey," said Paul Lalljie, Chief Executive Officer of 2U. "We finished the year with strong performance, particularly in our executive education business, and a new organizational structure designed to enhance transparency and alignment across the company. We are resetting and enhancing our operations with renewed financial discipline. Looking ahead, we believe this renewed focus, along with our market-proven offerings, robus

LANHAM, Md., Feb. 1, 2024 /PRNewswire/ -- 2U, Inc. (NASDAQ:TWOU) announced today that it will report its fourth quarter and full year 2023 financial and operational results on Monday, February 12, 2024. Paul Lalljie, Chief Executive Officer, and Matthew Norden, Chief Financial Officer, will hold an audio webcast and conference call at 4:30 p.m. ET to discuss the results. To pre-register, click here. To access the live webcast, visit investor.2u.com. To participate in the conference call by telephone from the U.S., dial 1-888-330-2446 (toll-free), or from outside the U.S., dial 1-240-789-2732 (toll), and provide conference ID number 1153388. A recording of the webcast will be posted to 2U's I

LANHAM, Md., Aug. 8, 2023 /PRNewswire/ -- 2U, Inc. (NASDAQ:TWOU), the company behind global online learning platform edX, today reported financial and operating results for the quarter ended June 30, 2023. Results for Second Quarter 2023 compared to Second Quarter 2022 Revenue decreased 8% to $222.1 millionDegree Program Segment revenue decreased 16% to $119.5 millionAlternative Credential Segment revenue increased 4% to $102.6 millionNet loss was $173.7 million, or $2.16 per share, and includes non-cash impairment charges of $134.1 millionNon-GAAP Results for Second Quarter 2023 compared to Second Quarter 2022 Adjusted EBITDA was flat at $21.8 million; a margin of 10%Adjusted net loss incre

LANHAM, Md., July 27, 2023 /PRNewswire/ -- 2U, Inc. (NASDAQ:TWOU) announced today that it will report its second quarter 2023 financial and operational results on Tuesday, August 8, 2023. Christopher "Chip" Paucek, Co-Founder and Chief Executive Officer, and Paul Lalljie, Chief Financial Officer, will hold an audio webcast and conference call at 4:30 p.m. ET to discuss the results. To pre-register, click here. To access the live webcast, visit investor.2u.com. To participate in the conference call by telephone from the U.S., dial 1 (888) 330-2446, or from outside the U.S., dial 1 (240) 789-2732 (toll), and provide conference ID number 1153388. A recording of the webcast will be posted to 2U'

LANHAM, Md., April 26, 2023 /PRNewswire/ -- 2U, Inc. (NASDAQ:TWOU), a leading online education platform company, today reported financial and operating results for the quarter ended March 31, 2023. Results for First Quarter 2023 compared to First Quarter 2022 Revenue decreased 6% to $238.5 millionDegree Program Segment revenue decreased 9% to $140.5 millionAlternative Credential Segment revenue decreased 1% to $98.0 millionNet loss improved 57% to $54.1 million, or $0.68 per shareCash provided by operating activities on a trailing twelve month basis increased to $38.5 millionNon-GAAP Results for First Quarter 2023 compared to First Quarter 2022 Adjusted EBITDA increased 146% to $30.2 million

LANHAM, Md., April 20, 2023 /PRNewswire/ -- 2U, Inc. (NASDAQ:TWOU) announced today that it will report its first quarter 2023 financial and operational results on Wednesday, April 26, 2023. Christopher "Chip" Paucek, Co-Founder and Chief Executive Officer, and Paul Lalljie, Chief Financial Officer, will hold an audio webcast and conference call at 4:30 p.m. ET to discuss the results. To pre-register, click here. To access the live webcast, visit investor.2u.com. To participate in the conference call by telephone from the U.S., dial 1-888-330-2446 (toll free), or from outside t

LANHAM, Md., Feb. 2, 2023 /PRNewswire/ -- 2U, Inc. (NASDAQ:TWOU), a leading online education platform company, today reported financial and operating results for the quarter and full-year ended December 31, 2022. Results for Fourth Quarter 2022 compared to Fourth Quarter 2021 Revenue decreased 3% to $236.0 millionDegree Program Segment revenue decreased 10% to $137.1 millionAlternative Credential Segment revenue increased 8% to $98.9 millionNet loss decreased 82% to $11.8 million, or $0.15 per shareNon-GAAP Results for Fourth Quarter 2022 compared to Fourth Quarter 2021 Adjusted EBITDA increased 178% to $58.4 million; a margin of 25%Adjusted net income increased 225% to $18.5 million, or $0.

LANHAM, Md., Jan. 26, 2023 /PRNewswire/ -- 2U, Inc. (NASDAQ:TWOU) announced today that it will report its fourth quarter and full year 2022 financial and operational results on Thursday, February 2, 2023. Christopher "Chip" Paucek, Co-Founder and Chief Executive Officer, and Paul Lalljie, Chief Financial Officer, will hold an audio webcast and conference call at 4:30 p.m. ET to discuss the results. To pre-register, click here. To access the live webcast, visit investor.2u.com. To participate in the conference call by telephone from the U.S., dial 1-888-330-2446 (toll free), or from outside the U.S., dial 1-240-789-2732 (toll), and provide conference ID number 1153388. A recording of the webc

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