Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Research and Development

Sales and Marketing

General and Administrative

Impairment expense

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Chegg

Chegg, Inc. operates a learning platform for students. It intends to empower students to take control of their education and help the students study, college admissions exams, accomplish their goals, get grades and test scores. The firm offers required and non-required scholastic materials including textbooks in any format, access to online homework help and textbook solutions, course organization and scheduling, college and university matching tools and scholarship connections. Its services include Chegg study, writing, tutors and math solver. The company was founded by Osman Rashid and Aayush Phumbhra on July 29, 2005 and is headquartered in Santa Clara, CA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Chegg exceeds Q4 expectations, eyes global expansion and pricing evolution

Chegg's Q4 2022 performance showcased strong financial results, strategic investments in technology, and a positive outlook for future growth.
The company's strengths lie in pricing power, customer retention, ESG recognition, and a focus on enhancing user experience through AI and global expansion.
Challenges include pricing strategy changes, managing costs amidst investments, and potential market competition, requiring careful navigation for sustained success.
Opportunities for Chegg include exploring new subscription models, global expansion, AI enhancements, and evolving the pricing matrix to drive revenue and profitability.

Chegg surpasses Q1 expectations, focuses on AI and global growth

Chegg's Q1 performance exceeded expectations, driven by strong revenue and EBITDA figures. The company's strategic strengths lie in AI investments, personalized tools, and global accessibility. Challenges include cautious outlook and expense management, while opportunities exist in high-margin businesses and personalized learning offerings.

Chegg surpasses Q2 expectations, focuses on AI and global growth

Chegg's Q2 2023 performance exceeded expectations, with strong revenue and subscriber growth.
The focus on AI, partnerships, and community-building showcases Chegg's commitment to enhancing student experiences.
While facing challenges in net income and market differentiation, Chegg is well-positioned to capitalize on opportunities in AI, global expansion, and engagement.

Chegg surpasses Q3 expectations, eyes AI-driven growth opportunities

Chegg's strong Q3 performance, AI investments, and international growth highlight its market resilience.
The company's focus on bespoke content, partnerships, and marketing strategies strengthens its competitive edge.
Challenges in internal restructuring and pricing strategies require careful navigation for sustained growth.
Opportunities in expanding Skills offerings, AI tools development, and premium services can drive future revenue growth.

Chegg excels in Q4 with AI focus and global expansion

Chegg's Q4 performance exceeded expectations, with a focus on leveraging AI and expanding globally.
The company's strengths lie in AI-driven capabilities, personalized student experiences, and financial robustness.
Challenges include maintaining answer quality, customer retention, and resource allocation for AI initiatives.
Opportunities for Chegg include further AI expansion, targeting new customers, and revenue growth through AI advancements.

Chegg reports robust Q1 earnings, eyes AI growth and global expansion

Chegg's Q1 performance showcased strong financial results and a strategic focus on AI-driven growth under new leadership.
The company's strengths lie in its AI platform's success, ongoing investments in AI, and strategic pricing adjustments driving growth.
Challenges include scaling AI capabilities, navigating pricing tests, and expanding internationally, while opportunities exist in AI innovation, pricing optimization, and global market expansion.

Chegg surpasses Q2 expectations, eyes global growth with AI

Chegg's Q2 performance exceeded expectations, showcasing strong financials and operational trends.
The company's focus on AI-driven personalized learning and international expansion highlights strategic strengths.
While facing challenges in Q2, Chegg's planned marketing initiatives and localization efforts present growth opportunities.
Overall, Chegg's innovative approach and strategic roadmap position it well for future success in the education sector.

Chegg reports Q3 earnings, announces restructuring amid AI challenges

Chegg's Q3 performance reflects revenue and EBITDA figures, with a restructuring plan to address industry challenges and drive cost savings.
Despite revenue decline and legal matters, Chegg's commitment to student-focused services and stable subscription revenue highlights resilience.
The company faces challenges from AI advancements and must navigate market dynamics while seeking opportunities for innovation and growth.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Chegg, Inc. engages in providing support and a learning platform for students. Its services include Chegg Study Pack, Chegg Study, Chegg Writing, Chegg Math, Busuu offerings, Chegg Skills, advertising services, print textbooks, and eTextbooks offerings. The company was founded by Osman Rashid and Aayush Phumbhra on July 29, 2005 and is headquartered in Santa Clara, CA.

Chegg, Inc. (NYSE:CHGG ) Q2 2024 Earnings Conference Call August 5, 2024 4:30 PM ET Company Participants Tracey Ford - VP, IR and ESG Nathan Schultz - President and CEO David Longo - CFO Conference Call Participants Bryan Smilek - JPMorgan Eric Sheridan - Goldman Sachs Josh Baer - Morgan Stanley Ryan MacDonald - Needham & Company Devin Au - KeyBanc Capital Markets Operator Greetings, and welcome to Chegg, Inc. Second Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Chegg, Inc. (CHGG) Q2 2024 Earnings Call Transcript

The headline numbers for Chegg (CHGG) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Chegg (CHGG) Reports Q2 Earnings: What Key Metrics Have to Say

Chegg (CHGG) came out with quarterly earnings of $0.24 per share, beating the Zacks Consensus Estimate of $0.21 per share. This compares to earnings of $0.28 per share a year ago.

Chegg (CHGG) Beats Q2 Earnings and Revenue Estimates

Udemy

Shares of Chegg Inc. dropped more than 17% in the after-hours session Monday after the edtech company reported better-than-expected second-quarter results but guided for lower revenue in the current quarter on the shadow of AI.

Chegg follows Udemy in calling for tougher times ahead for edtech companies

SANTA CLARA, Calif.--(BUSINESS WIRE)--Chegg, Inc. (NYSE:CHGG), the leading student-first connected learning platform, today reported financial results for the three months ended June 30, 2024. “Q2 has been transformational for Chegg, completing our restructure, outlining an exciting vision for the future, and completing the rollout of conversational instruction capability and automated solutions just in time for the back-to-school season,” said Nathan Schultz, Chief Executive Officer & Pres.

Chegg Reports 2024 Second Quarter Earnings

SANTA CLARA, Calif.--(BUSINESS WIRE)--As the new school year approaches, Chegg, Inc. (NYSE: CHGG), a leading student-first online learning platform, announced today, a new partnership that will bring Max's iconic programming to Chegg subscribers. Starting today, the Max with Ads plan* is included with a U.S. Chegg Study or Chegg Study Pack subscription. Through the partnership, new and existing U.S. Chegg Study or Chegg Study Pack subscribers can stream all their favorite shows and movies anyti.

Max and Chegg Partner to Help Students Stream Their Favorite Shows and Movies with a Chegg Subscription

Cracker Barrel Old Country Store

Hertz

Kronos Worldwide

Lucid Group

Southern Copper

SunPower

More often than not, investors should be careful about going against the wisdom of analyst assessments. These folks didn't get to where they are by happenstance.

Wall Street Is Betting Against These 7 Stocks. You Should Buy Them Anyways.

Morgan Stanley raised its rating on Chegg stock from underweight to equal weight. But the analyst lowered his one-year price target on the stock from $6.50 per share to $3.25 per share.

Why Chegg Stock Is Soaring Today

Smartsheet

Investors with an interest in Internet - Software stocks have likely encountered both Chegg (CHGG) and Smartsheet (SMAR). But which of these two stocks presents investors with the better value opportunity right now?

CHGG or SMAR: Which Is the Better Value Stock Right Now?

SANTA CLARA, Calif.--(BUSINESS WIRE)--Chegg, Inc. (NYSE: CHGG), a leading student-first online learning platform, announced today that it is scheduled to release its earnings results on Monday, August 5, 2024, after market close for the second quarter of 2024, which ended June 30, 2024. Chegg will host a conference call to discuss the second-quarter financial results at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) on the same day. To access the call, please dial 1-877-407-4018 or outside the.

Chegg to Announce Second Quarter 2024 Financial Results

BEAUNE, France--(BUSINESS WIRE)-- #dreyfusashby--Maison Joseph Drouhin, renowned for the quality of its Burgundy wines, is taking a new step in its sustainability commitment by announcing its first wine shipment by sailboat. In partnership with TOWT (TransOceanic Wind Transport), 15,000 bottles of 2022 Chablis and Côte de Beaune white wines will set sail in summer 2024 aboard the Anemos for a transatlantic voyage between Le Havre and New York. 90% less CO2 Emissions and 98% less Sulphur Oxide This initiative r.

Joseph Drouhin announces its first wine shipment to the USA by Sailboat

BigBear.ai Holdings

Fiverr

Intel

IZEA

SoundHound AI Inc

Shutterstock

Veritone

I've got a surprising fact for you: New technologies are often astonishingly S

9 Stocks to Sell as AI Surges Ahead

UiPath

Roku

UiPath is down 49% this year, but analysts see a return to growth next year. A new CEO and recent layoffs could stabilize Chegg, a stock that is trading for just 3 times earnings.

3 Stocks That Could Bounce Back in the Second Half of 2024

SANTA CLARA, Calif.--(BUSINESS WIRE)--Chegg, a leading student-first online learning platform, announced today that it has chosen Amazon Web Services (AWS) as its preferred cloud provider to advance its AI strategy and drive innovation in education. As part of a five-year agreement with AWS, Chegg is set to capitalize on AWS's advanced AI capabilities to enhance the personalized learning experience for students worldwide. Chegg plans to use AWS's global technologies like Amazon Bedrock, Amazon.

Chegg Selects AWS as its Preferred Cloud Provider for Next Generation, AI-Powered Student-focused Learning Solutions

SANTA CLARA, Calif.--(BUSINESS WIRE)--Chegg, Inc. (NYSE: CHGG), a leading student-first online learning platform, announced the appointment of Chris Mason as Chief Business Officer today. In his expanded role, Mason will drive Chegg's growth strategy, business operations, strategic partnerships, and international expansion, further helping to position Chegg as a global leader in online education. “I am thrilled to announce Chris's promotion to Chief Business Officer,” said Nathan Schultz, CEO a.

Chegg Expands Leadership Team with Appointment of Chief Business Officer

BOSTON & LAUSANNE, Switzerland--(BUSINESS WIRE)--Nexthink today announced Nexthink Adopt, the only digital adoption product built on a DEX platform.

Nexthink Solves Every Application Challenge with Nexthink Adopt

This business was devastated by the launch of ChatGPT, and it may never recover.

My Top Stock to Avoid in 2024

Chegg (CHGG) announces its plans to restructure and execute new strategies to increase its growth prospects and operational excellence.

Chegg (CHGG) to Boost Growth With New Restructuring Plan

Chegg announced it was cutting 23% of its workforce as part of a broader rethinking of the business. The education company has been hit hard by AI but is plotting its comeback using its own computer-assisted models.

Why Chegg Stock Is Up Big Today

Chegg (NYSE: CHGG ) layoffs are a hot topic on Tuesday after the direct-to-student learning platform operator announced a restructuring plan. The Chegg layoffs will have the company cutting 23% of its global workforce.

Chegg Layoffs 2024: What to Know About the Latest Chegg Job Cuts

The digital-education platform Chegg Inc. on Monday said it would slash nearly a quarter of its staff, a move it said would free up space for longer-term investments as it tries to offer more than just academic guidance to students and use more artificial intelligence.

Chegg says it's doubling down on students while cutting nearly a quarter of its staff

SANTA CLARA, Calif.--(BUSINESS WIRE)--Chegg, a leading student-first online learning platform, announced a restructuring plan today and published a Shareholder Letter describing its comprehensive strategy to refocus the company on its core audience – students – and provide 360 degrees of individualized support to learners in high school, college, and around the world. Chegg's strategy focuses on providing holistic and differentiated product offerings for students, blending academic and function.

Chegg Announces Restructuring Plan and New Vision for Growth

Snap

Snap and Chegg are trading for less than $20 per share. Snap's ecosystem keeps expanding while it searches for new growth avenues.

1 Tech Stock Under $20 to Buy and 1 to Avoid

SANTA CLARA, Calif.--(BUSINESS WIRE)--Chegg, Inc. (NYSE:CHGG), the leading student-first connected learning platform, published its third annual Environmental, Social, and Governance (ESG) report for the 2023 reporting year. The report covers key milestones, policies, programs, and disclosures across the company's six ESG pillars: Focus on People, Act Responsibly, Help Learners, Operate Sustainably, Give Back, and Govern Effectively. The report also aligns disclosures to various reporting frame.

Chegg Publishes Annual Environmental, Social, and Governance (ESG) Report

Whirlpool

Advance Auto Parts

Boyd Gaming

Winnebago

The most oversold stocks in the consumer discretionary sector presents an opportunity to buy into undervalued companies.

News for Chegg Stock (CHGG)