Students around the world are enrolled in 2U-enabled programs, and they are realizing their dreams by becoming Trojans, Hoyas and Tar Heels.
These students participate in weekly, live, faculty-led classes, which in 2014 averaged only 10.5 students per class. They also engage in real-world learning experiences, such as immersions and field placements. As of December 31, 2014, more than 4,000 students had graduated from 2U-enabled programs, and each graduate had the opportunity to walk in a university-wide graduation ceremony with his or her online classmates.
This immersive, engaging education prepares students with the skills and knowledge they need to advance their careers and reach their highest potential.
of students who have enrolled in 2U-powered programs are either graduated or still enrolled Inception to date, as of 12/31/14
Universities worldwide face unprecedented challenges growing their student populations while maintaining high academic standards and remaining cost effective.
By collaborating with 2U, top-tier universities can expand their reach beyond the geographic limits of physical campuses, attracting and enrolling a previously unreachable group of qualified students and faculty, and delivering an educational experience that matches and often exceeds the rigor and quality of the on-campus modality.
These outcomes have been instrumental in positioning 2U to attract a rapidly growing portfolio of prestigious universities and their degree programs and program verticals. 2U’s agreements with these universities establish deep and long-term partnerships through a shared revenue model that has created an expected $698 million in attrition-adjusted tuition bookings for our university clients since inception.
2U’s strong revenue growth in 2014 reflected increasing student enrollment levels across the portfolio of degree programs we enable, as well as the launch of additional programs offered by new and existing university clients.
We again improved our Adjusted EBITDA loss margin and, for the first time, showed decelerating year-over-year losses throughout 2014, placing us firmly on a path to profitability.
Our attractive long-term business model incorporating a highly predictable revenue stream, controllable expense levels and compelling portfolio economics provides a strong foundation for driving shareholder value and outcomes.