Welcome to our dedicated page for CHEGG news (Ticker: CHGG), a resource for investors and traders seeking the latest updates and insights on CHEGG stock.
Chegg, Inc. (symbol: CHGG) is a leading student-first connected learning platform dedicated to making higher education more affordable and accessible, while enhancing student outcomes. Founded in Santa Clara, CA, Chegg operates globally with offices across major cities like San Francisco, New York, Portland, and international locations including India, Israel, Berlin, and Ukraine.
Chegg’s comprehensive student hub offers an array of services aimed at supporting learners throughout their academic journey and beyond. Key offerings include Chegg Study, tutoring, writing tools, math help, test preparation, career search, internship admissions, and college admissions.
The company's services are categorized into two main segments: Subscription Services and Skills and Other. Subscription Services feature the Chegg Study Pack, Chegg Study, Chegg Writing, Chegg Math, and Busuu, which can be accessed globally through Chegg’s websites and mobile apps. Skills and Other include products like skills development, advertising services, print textbooks, and eTextbooks.
Chegg is committed to enhancing the educational experience through technology, maintaining a user-centric approach, and constantly evolving its offerings to meet the changing needs of students. The company has received recognition as a certified great place to work, reflecting its positive workplace culture and dedication to employee satisfaction.
Recent developments highlight Chegg’s significant progress. For example, the company’s strategic appointments, like Etay Geller as VP of Product, have been instrumental in advancing core products such as Chegg Study and expanding its mobile app capabilities.
Chegg continues to be a vital resource for students worldwide, providing essential tools and support for academic and career success. For more information, visit Chegg Careers.
Chegg (NYSE: CHGG) announced its third annual Global Student Mental Health Week, scheduled for February 24 to March 2, focusing on the theme 'In It Together.' The initiative aims to normalize mental health conversations and strengthen support networks for students.
According to Chegg's latest Global Student Survey of 11,706 undergraduates across 15 countries, students face significant mental health challenges: 55% report insufficient sleep, 44% experience daily anxiety, 43% suffer from academic burnout, and 35% struggle with making friends.
The event features partnerships with notable organizations including Active Minds, Born This Way Foundation, and The Jed Foundation. Activities include campus activations at Albany State University and Clemson University, featuring panel discussions, therapy dogs, and mental health professionals. The initiative will also provide a centralized online resource hub compiling mental health resources from partners.
Chegg's Global Student Survey 2025 reveals significant insights about GenAI usage in higher education. The survey, covering 11,706 undergraduate students across 15 countries, shows that 80% of students worldwide have used GenAI for their studies, with 29% turning to it first when facing academic challenges.
Despite widespread adoption, 53% of users express concerns about accuracy of information from general GenAI tools, up from 47% in 2023. This has led to 50% of students calling for education-specific GenAI tools. The survey indicates positive learning outcomes, with 56% using GenAI primarily for concept understanding, and 50% reporting improved comprehension of complex topics.
The study also highlights broader educational trends, with 70% of students preferring online learning options if it means lower tuition costs. Mental health remains a significant concern, with only 58% rating their wellbeing as 'excellent' or 'good', and 43% experiencing academic burnout.
Chegg (NYSE: CHGG) has announced it will release its Q4 and full-year 2024 financial results on Monday, February 24, 2025, after market close. The company will host a conference call to discuss the results at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) on the same day.
Investors can access the call through multiple channels: by dialing 1-877-407-4018 (US) or +1-201-689-8471 (international), via live webcast at investor.chegg.com, or through the Call me™ link available 15 minutes before the start. An audio replay will be available from February 24 until March 03, 2025, by calling 1-844-512-2921 (US) or +1-412-317-6671 (international) with Access ID 13751122.
Chegg (NYSE:CHGG) announced that its Compensation Committee has granted equity awards to a new employee under the Chegg 2023 Equity Inducement Plan. The grant, made on December 12, 2024, consists of 28,500 restricted stock units (RSUs) of Chegg common stock. These RSUs are scheduled to fully vest on December 12, 2025, contingent upon the employee's continuous service through the vesting date. The grant was made as an employment inducement award, falling under the exception to NYSE Listing Rule 303A.08.
Chegg has announced plans to repurchase approximately $116.6 million of its outstanding 0% Convertible Senior Notes due 2026 through privately negotiated agreements. The company will pay an aggregate cash price of approximately $96.2 million for these repurchases. The transactions are part of Chegg's previously announced securities repurchase program and are expected to close on December 3, 2024. After completion, $127.9 million in Notes will remain outstanding, with $207.5 million still available under the repurchase program.
Chegg announced that its Compensation Committee granted equity awards to one newly hired employee on November 12, 2024. The award consists of 3,575 restricted stock units (RSUs) of Chegg common stock, granted under the Chegg 2023 Equity Inducement Plan. The RSUs will fully vest on November 12, 2025, contingent upon the employee's continuous service through the vesting date. The grant was made in accordance with the employment inducement award exception to NYSE Listing Rule 303A.08.
Chegg (NYSE:CHGG) reported Q3 2024 financial results with total net revenues of $136.6 million, down 13% year-over-year. Subscription Services revenues decreased 14% to $119.8 million, with subscriber count falling 13% to 3.8 million. The company posted a net loss of $212.6 million, while achieving non-GAAP net income of $9.8 million and adjusted EBITDA of $22.3 million. The Board approved a $300 million increase to its securities repurchase program. For Q4 2024, Chegg projects revenues between $141-143 million and adjusted EBITDA of $32-34 million.
Busuu, a Chegg service and language learning provider with over 120 million registered users, has launched Busuu Conversations, a new AI-powered feature designed to help language learners practice speaking confidently. The feature offers:
- AI-simulated exchanges mimicking everyday scenarios
- Real-time feedback on performance
- 24/7 help with AI and prompts for sentence composition
- A safe space for making mistakes with personalized feedback
Initially available for English and Spanish learners across all 16 Busuu interface languages, Busuu Conversations aims to address common challenges such as fear of making mistakes and lack of practice partners. The feature is integrated into Busuu's Complete English and Spanish Courses, providing a comprehensive learning experience covering listening, reading, writing, and speaking skills.
Chegg, Inc. (NYSE:CHGG), a leading student-first connected learning platform, has announced the granting of equity awards to a new employee. On October 12, 2024, the company's Compensation Committee awarded restricted stock units (RSUs) representing 50,000 shares of Chegg common stock to one newly hired employee. This grant was made under the Chegg 2023 Equity Inducement Plan, relying on the employment inducement award exception to New York Stock Exchange Listing Rule 303A.08.
The RSUs are set to fully vest on October 12, 2025, contingent upon the employee's continuous service through the vesting date. This equity grant serves as an inducement for new talent joining Chegg and aligns with the company's compensation strategy.
Chegg, Inc. (NYSE: CHGG), a leading student-first online learning platform, has announced it will release its third quarter 2024 financial results on Tuesday, November 12, 2024, after market close. The company will host a conference call to discuss the results at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) on the same day.
Investors can access the call by dialing 1-877-407-4018 (U.S.) or +1-201-689-8471 (outside U.S.). A live webcast will be available at https://investor.chegg.com. An audio replay will be accessible from 7:30 p.m. Eastern Time on November 12 until 11:59 p.m. Eastern Time on November 19, 2024, by calling 1-844-512-2921 (U.S.) or +1-412-317-6671 (outside U.S.) with Access ID 13749504.
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