2U Non-GAAP EPS of $0.48 misses by $0.16, revenue of $255.7M misses by $25.74M

  • 2U press release (NASDAQ:TWOU): Q4 Non-GAAP EPS of $0.48 misses by $0.16.
  • Revenue of $255.7M (+8.3% Y/Y) misses by $25.74M.
  • Degree Program Segment revenue increased 19% to $163.5 million
  • Alternative Credential Segment revenue decreased 7% to $92.2 million
  • Net loss was $42.4 million, or $0.52 per share, and includes non-cash impairment charges of $62.8 million
  • Adjusted EBITDA increased 54% to $90.2 million; a margin of 35%

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