2U Reports Results for Fourth Quarter and Full-Year 2023
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.
- 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.
- Costs and expenses for the quarter totaled $278.2 million, a 21% increase from $230.6 million in the fourth quarter of 2022.
- Fourth quarter costs and expenses included $62.8 million of non-cash impairment charges to goodwill for which the company did not have a corresponding expense in the fourth quarter of 2022.