EdTech, Online Learning Second Quarter Results Ranged Wildly

Headwinds and tailwinds swirled throughout 2020’s second quarter. During the period beginning April 1 and ending June 30, the outbreak of covid-19 forced online learning to take the place of classroom instruction around the world. The same period saw massive spikes in unemployment and turmoil for vast swaths of communities. As second quarter results begin to come in, it’s clear that the edtech and online learning sectors haven’t ridden a collective rising tide—at least not yet.

Writing in July for Market Scale, Spotlight Education VP Mark Schneiderman said, “COVID-19 brings perhaps the most significant disruptor in our sector’s history — to schools and companies, and to students and teachers. Many assume the resulting shift to remote learning will be a boon to digital learning and the education software industry. I’m hopeful on the former, but more tempered about the latter.”

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