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2U Reaffirms Full-Year 2024 Revenue Outlook Of $805M-$815M (Est $807.044M); Sees Q2 Revenue Of $191M-$194M (Est $197.079M)

Author: Benzinga Newsdesk | May 02, 2024 05:35pm

The company reaffirmed its full-year 2024 revenue and adjusted EBITDA guidance provided on February 12, 2024 and updated its guidance for net loss.

Full-year 2024

  • Revenue to range from $805 million to $815 million
  • Net loss to range from $103 million to $98 million
  • Adjusted EBITDA to range from $120 million to $125 million

    Second quarter 2024
  • Revenue to range from $191 million to $194 million
  • Net loss to range from $37.5 million to $32.5 million
  • Adjusted EBITDA to range from $16 million to $18 million

Posted In: TWOU


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