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 Q4 2020

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

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.

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's boss said ChatGPT was "having an impact on our new customer growth."

Homework helper Chegg's stock plummets as students turn to ChatGPT

Chegg Inc stock lost almost half its value on Tuesday after the online learning platform's CEO Dan Rosensweig said that OpenAI's artificial intelligence-powered language bot ChatGPT is impacting its new customer growth.      Rosensweig said on an earnings call Monday evening that, in the first part of the year that ChatGPT had no noticeable impact on its new account growth.

Chegg shares nosedive on CEO's ChatGPT warning

The shares of Chegg Inc (NYSE:CHGG) are plummeting today, down 46.3% at $9.43 at last glance -- earlier hitting a six-year low of $8.93.

Chegg Stock Crashes on ChatGPT Competition

Though Chegg beat first-quarter expectations on its top and bottom lines, shares were down 46% in premarket trading Tuesday.

Chegg—Education Company Criticized For Helping Students Cheat—Says More Turning To ChatGPT As Stock Plunges

Study-materials provider sees spike in student interest in generative AI

Chegg Stock Nearly Cut in Half After Warning That ChatGPT Is Hurting Growth

Duolingo

The big selloff in Chegg Inc.'s stock CHGG on the back of a downbeat revenue outlook is weighing on the shares of other online education companies. Chegg's stock plummeted 46.3% in morning trading, enough the pace the New York Stock Exchange's (NYSE) decliners, and put it on track to close at a six-year low.

Chegg's stock plunge on AI threat weighs on other online-education companies, as Duolingo shares tumble 10%

Chegg (NYSE: CHGG ) stock is taking a beating on Tuesday as investors react to the American education technology company's Q1 earnings report. The big news in that earnings report is Chegg's revenue outlook of $175 million to $178 million for the second quarter of 2023.

Why Is Chegg (CHGG) Stock Down 47% Today?

Chegg beat first-quarter expectations on the top and bottom lines, but issued a weak second-quarter revenue outlook.

Chegg drops more than 40% after saying ChatGPT is killing its business

Pfizer

Restaurant Brands

Uber UBER surged nearly 8% premarket after the car-ride hailing company issued an uplifted second-quarter outlook that topped expectations.

Chegg's stock tumbles on ChatGPT student usage, Pfizer and Burger King parent shares rise on results and other stocks on the move

The education company warned that increasingly more students are turning to OpenAI's ChatGPT for help with their homework, hurting its own new customer growth rate in March.

Chegg Reminds Investors Not Everyone Can Be an AI Winner. The Stock Is Diving.

What's the cost of students using ChatGPT for homework? For U.S. education services provider Chegg Inc , it could be nearly $1 billion in market valuation.

Edtech Chegg slumps on revenue warning as ChatGPT threatens growth

Chegg (NYSE: CHGG) stock price nosedived by more than 37% in extended hours after the company expressed concerns about ChatGPT. The shares dived to $11, which was much lower than where it closed at $17.60.

Chegg stock price forecast: irrational sell-off amid ChatGPT risks

Pearson PLC

Shares of Pearson UK:PSON PSO tumbled 7% in London trade, after the online-education company Chegg's CHGGforecast called for an unexpected revenue decline as students begin to use ChatGPT. Chegg shares tumbled 43% in premarket action.

Pearson shares tumble after ChatGPT warning from Chegg

Chegg, Inc. (NYSE:CHGG ) Q1 2023 Earnings Conference Call May 1, 2023 4:30 PM ET Company Participants Tracey Ford - Vice President of Investor Relations & ESG Dan Rosensweig - Co-Chairperson & Chief Executive Officer Andy Brown - Chief Financial Officer Conference Call Participants Jeff Silber - BMO Capital Markets Doug Anmuth - JP Morgan Eric Sheridan - Goldman Sachs Ryan MacDonald - Needham & Company Josh Baer - Morgan Stanley Brett Thill - Jefferies Jason Celino - KeyBanc Capital Markets Alex Fuhrman - Craig-Hallum Arvind Ramnani - Piper Sandler Operator Greetings, and welcome to the Chegg First Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Chegg, Inc. (CHGG) Q1 2023 Earnings Call Transcript

MGM Resorts

NXP Semiconductors

We went on a bit of a roller-coaster ride in the first trading day of a new week, at least compared to the low-VIX environment we'd been existing in.

Markets Close Flat After Eventful Day; MGM, NXPI, CHGG Beat in Q1

Chegg (CHGG) came out with quarterly earnings of $0.27 per share, beating the Zacks Consensus Estimate of $0.26 per share. This compares to earnings of $0.32 per share a year ago.

Chegg (CHGG) Q1 Earnings and Revenues Top Estimates

Chegg Inc. shares plunged more than 30% Monday afternoon and were headed toward their lowest price since 2017, after the online-education company's forecast called for an unexpected revenue decline as students begin to use ChatGPT.

Students are turning to ChatGPT for study help, and Chegg stock plummets 30%

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 March 31, 2023. “As artificial intelligence technology continues to evolve at a rapid pace, we are embracing it aggressively and prioritizing our investments to meet this opportunity,” said Dan Rosensweig, CEO & President of Chegg, Inc. “We believe we are in the best position to take advantage of the advancements in.

Chegg Announces First Quarter 2023 Earnings

SANTA CLARA, Calif.--(BUSINESS WIRE)--Chegg, Inc. (NYSE: CHGG), the leading student-first connected learning platform, today announced that Colin Coggins joined the company as Senior Vice President of Chegg Skills, effective May 1, 2023. It also announced the appointment of Chris Mason, who joined the company on April 24, 2023, as Senior Vice President of Business Operations. Colin Coggins is an accomplished business leader, best-selling author, educator, and mentor. He is the former Chief Comm.

Chegg Strengthens Leadership Team with Appointments of Colin Coggins as Senior Vice President of Chegg Skills, and Chris Mason as Senior Vice President of Business Operations

Coursera

Udemy

Education is quickly changing with the times. Traditional classroom methods aren't as popular as they once were, simply because technology opens new possibilities.

3 EdTech Stocks to Buy for the Future of Education

Chegg (CHGG) launches a new AI-enhanced learning service, CheggMate, in collaboration with OpenAI.

Chegg (CHGG) Advances Learning Platform, Unveils CheggMate

The artificial intelligence behind ChatGPT, the homework-drafting chatbot that some schools have banned, is coming to more students via the company Chegg Inc.

ChatGPT's AI to power Chegg study buddy as educators wrestle with tech

SANTA CLARA, Calif.--(BUSINESS WIRE)--Chegg, Inc. (NYSE: CHGG), the leading student-first connected learning platform, today announced CheggMate, a new AI enhanced learning service built with OpenAI's most advanced model, GPT-4.

Chegg announces CheggMate, the new AI companion, built with GPT-4

SANTA CLARA, Calif.--(BUSINESS WIRE)--Chegg, Inc. (NYSE: CHGG), the leading student-first connected learning platform, announced today that it is scheduled to release its earnings results for the first quarter of 2023, which ended March 31, 2023, on Monday, May 1, 2023, after the market close. Chegg will host a conference call to discuss the first quarter financial results at 1:30 p.m. Pacific Daylight Time (4:30 p.m. Eastern Daylight Time) on the same day.

Chegg to Announce First Quarter 2023 Financial Results

Credit Suisse

Ford Motor Company

General Motors

L3Harris

Medtronic

Teladoc

Markets will exploit investors who are too patient and forgiving on companies that are the value traps. These companies mask as deeply discounted companies that appear to have plenty of margin of safety and low risk.

News for Chegg Stock (CHGG)