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Earnings Roundup: How Public Edtech Companies Fared Following the Outbreak

Edsurge

For instance, education companies that rely on corporate customers may take a hit, as those clients look to cut costs. While COVID-19 hit at the tail end of the first quarter, some publicly traded education companies already reported an impact on their Q1 2020 earnings. Chegg The bottom line: Chegg’s first quarter delighted investors.

Company 97
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Byju’s Becomes an Edtech ‘Decacorn’ After Fundraise from Mary Meeker’s Bond Capital

Edsurge

That’s the industry lingo for companies valued at $10 billion or more. It’s an ultra-exclusive club of two dozen companies across the world, according to CB Insights. Byju’s is the newest member—thanks to an investment from technology investment firm Bond, which values the company at $10.5 billion.

EdTech 108
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Top Trends Higher Education Textbook Publishers Must Follow

Kitaboo on EdTech

Big names in the publishing industry like Cengage and Pearsons have already moved to digital publishing and have built their loyal customer base. For those who are newly exploring the digital market, keeping up with the trends which change rapidly is difficult. Today, a lot of companies offer subscription-based services.

Trends 97
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Predictions of Print Textbooks’ Death Remain Greatly Exaggerated

Edsurge

higher education courseware in 2015, down from 50 percent the year before, according to a 2018 report from Macquarie, an investment bank and financial services company. In Pearson’s preliminary 2018 results released in February, the publisher said it expects flat revenue or even a 5 percent decline for its U.S. It’s a coexistence.

Chegg 145
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In Move to ‘Unlimited’ Pricing Model, Cengage Hopes for a Comeback

Edsurge

The company reemerged a year later intent on growing its digital offerings and making more strategic acquisitions and partnerships. Over the last 10 years or so, the majority of the acquisition activity for smaller edtech startups came from the big textbook companies. I think Pearson has seen it.

Chegg 84
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Hack Education Weekly News

Hack Education

Pearson and Chegg are partnering for textbook rentals. The private student loan company has raised $50 million total, but I’m told “fintech” doesn’t “count” as ed-tech so let’s just ignore this trend, right? The adaptive learning company has raised $16 million total.

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Hack Education Weekly News

Hack Education

Not really ed-tech-related, except for all those companies saying they’re “Uber for education.” The Chan Zuckerberg Initiative ’s CTO, Brian Pinkerton , is leaving the company. “​ Pearson to Lay Off 3,000 More Employees,” says Edsurge. The company has $8.3 His education portfolio.)