2U Reports Results for Third Quarter 2023
LANHAM, Md., Nov. 9, 2023 /PRNewswire/ -- 2U, Inc. (Nasdaq: TWOU), a leading online education platform company, today reported financial and operating results for the quarter ended September 30, 2023.
- LANHAM, Md., Nov. 9, 2023 /PRNewswire/ -- 2U, Inc. (Nasdaq: TWOU), a leading online education platform company, today reported financial and operating results for the quarter ended September 30, 2023.
- While our third quarter results did not meet our expectations, there are bright spots in our return to profitable growth."
- Revenue for the quarter totaled $229.7 million, a 1% decrease from $232.2 million in the third quarter of 2022.
- Costs and expenses for the quarter totaled $256.6 million, a 24% decrease from $336.5 million in the third quarter of 2022.