2U, Inc. (TWOU) experienced a decrease of 22.97% in aftermarket following the announcement of full year and fourth quarter 2021 results. However, the last trading session closed at $17.98 with an increase of 3.69.
Full Year and Fourth Quarter 2021 Results – More About it
TWOU announced full year and fourth quarter 2021 results. The company experienced $945.7 million in revenue in full-year and $243.6 million in the fourth quarter of 2021. Moreover, the degree program segment revenue inclined by 22% and 17% in full-year and fourth quarter respectively. Not only this but Adjusted EBITDA came out to be $66.6 million in full-year whereas $21.0 million in the fourth quarter. Last but not the least, the company had a great year in 2021, and they finished strong.
TWOU ended the year on a high note, with double-digit sales growth and improving margins. In addition, in the fourth quarter, the company completed the transformational acquisition of edX, and the effective integration of that transaction is a top priority for them. Given the digital marketing environment, the team believes that the forecast for 2022 reflects a disciplined growth plan and ongoing progress toward profitability. They have created a strategy and financial framework for accomplishing the mid-term goals and producing shareholder value with the inclusion of edX and the shift to a platform company.
Partnership of TWOU with The University of Sydney
On 9th February 2022, TWOU announced that it had partnered with The University of Sydney in order to offer post-graduate degrees online. The collaboration will provide four postgraduate degrees online, starting with a Master of Data Science and a Master of Project and Program Management, with applications opening in August 2022 and classes starting in February 2023. Most postgraduate students, who are typically working full-time, can choose to attend classes online.
What’s Next?
TWOU must participate in numerous ways, for the needs of all the students, and to a world-class standard, if the University is to be partners in lifelong learning with the community. Moreover, the collaboration with 2U allows for that flexibility, and it will give the company a new way to meet the students’ needs.
Because of COVID, the team was able to achieve an outstanding outcome in swiftly transitioning online. This agreement allows the team to gain additional capacity and upskilling in this area much more quickly than would be possible through exclusively in-house development, thanks to the highly experienced and well-regarded 2U.
