As a company that enables educational institutions to deliver online courses, 2U (TWOU) has been getting a lot of demand for its services due to the ongoing COVID-19 outbreak. In the past, we have written about how attractive the stock is. 2U is a good company given its track record of solid execution and leadership in a massively growing online education market. After an exceptionally strong Q1, the company will have a critical task ahead of maintaining the momentum into and beyond the full year. We believe that Trilogy will play an important role in the process.
2U will continue to benefit from the increasing demand for online learning amid the COVID-19 outbreak. Q1 results were strong as the company managed to grow its top-line revenue by ~44% while significantly slowing down the growth in marketing expenses. Furthermore, Trilogy will be the future of 2U's business. it has been driving the growth in Alternative Credential's / AC segment. Since the acquisition last year, AC revenue has tripled. Acquired in 2019, Trilogy is in the fast-growing technology bootcamp business, which is highly complementary to 2U's core programs. We expect the AC segment to make up ~50% of 2U's business by the end of 2021.
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