Dive Brief:
- Education technology company 2U Inc., announced its first-quarter earnings Thursday, posting increasing revenues and shrinking overall net losses.
- WKRG reports the company’s adjusted net loss was $3.4 million, down from $5.2 million in the first quarter of 2014.
- Revenue was up 31% from the same time period last year, coming in at $34.6 million.
Dive Insight:
2U partners with colleges and universities to take graduate degree programs online. The company launched in 2008 and went public just last year, raising $119 million in its initial public offering. Using 2U’s platform, students can get a Master of Information and Data Science degree from UC Berkeley, a Master of Science in Nursing from Georgetown, or a Master of Arts in Counseling from Northwestern, to name a few. A plan to put Yale’s physician’s assistant program partly online, however, has been held up by accreditation issues.
