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The Assignment Report archive of all published articles

Higher Education 29 July 2022

2U to reduce headcount spend by 20%

2U, the Nasdaq-listed online education platform, is to make significant ‘across the board’ headcount reductions in Q3 2022, representing 20% of total budgeted personnel and personnel-related expenses.

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Media 28 July 2022

Sanoma Learning impacted by delays in implementing Spain’s new curriculum

Sanoma Learning, the education business of the Helsinki-based media group, has reported an operational EBITDA of EUR 57.3m for the six months ended 30 June 2022, on net sales up 1% to EUR 219.1m.

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Higher Education 28 July 2022

FutureLearn’s shareholders to provide £15m of additional funding

FutureLearn’s shareholders – the Open University and SEEK Group, the ASX-listed employment, education and talent management company – have agreed to inject a further £15m into the London-based social learning platform, after a review of cashflow forecasts indicated the company does not have sufficient funding in place for its requirements for the next 12 months.

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Higher Education 28 July 2022

Coursera revises down FY22 revenue guidance

Coursera, the online education platform, has reported an adjusted EBITDA loss of $26.6m for the six months ended 30 June 2022, on revenue up 29% to $245.2m.

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eLearning 28 July 2022

Learning Technologies Group expects to report adjusted EBIT in excess of £43m for H1 2022

Learning Technologies Group (LTG), the AIM-listed eLearning and talent management company, expects group adjusted EBIT for the first half year is expected to be in excess of £43m (2021: £22.0m).

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EdTech 28 July 2022

Fabrio Design receives investment from Twinkl’s founders

Fabrio Design, a Birmingham-based provider of interactive courses which integrate into industry-level CAD software, has received funding from the investment arm of the founders of Twinkl, the Sheffield-based publisher of online primary and secondary teaching resources.

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