- TWOU recently announced 31% growth across all segments for its 3rd quarter 2020 operations.
- The third-quarter results exceeded revenue expectations, which prompted analysts to revise estimates.
- 2U’s value proposition is not in the commoditized online learning resources but in the transformational era of quality higher education.
Many have been betting on companies that are well-positioned to take advantage of the opportunities brought about by the new normal. But with pharma companies announcing outstanding efficacy results of multiple vaccines under development, many are also forced to tone down ultra-high growth hopes for these companies. One such company is 2U Inc. , an education technology platform that provides online degrees, professional certificates, boot camps, and short courses through partner nonprofit colleges and universities. TWOU recently announced 31% growth across all segments for its 3rd quarter 2020 operations. This result continues the 1st and 2nd quarter growth trend, which is 44 and 35 percent, respectively. 2U Co-Founder and CEO Christopher Paucek believes that while COVID-19 has put online education into the spotlight, the need for sustainable, accessible and affordable, blended, relevant, and high-quality online learning will extend far beyond the pandemic. He is also quoted as saying that 2U aims to remove the stigma of online education long term. The company partners with top nonprofit colleges and universities to deliver that promise. Last week, TWOU released its first-ever Transparency Report, aiming to foster greater openness around online education
