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. (CHGG) operates a leading student-first connected learning platform in the global edtech sector. This news hub provides investors and stakeholders with centralized access to official announcements, financial updates, and strategic developments impacting Chegg's position in digital education.
Track key corporate updates including quarterly earnings reports, partnership announcements, leadership changes, and product innovations. Our curated feed ensures timely access to press releases related to Chegg Study, Skills development tools, and international expansion efforts.
Discover updates on Chegg's core subscription offerings, academic resource enhancements, and initiatives supporting affordable education. The repository maintains focus on material developments while providing context about the company's evolving role in online learning ecosystems.
Bookmark this page for streamlined monitoring of Chegg's operational milestones, regulatory filings, and market-moving announcements. Combine strategic insights with fundamental updates to inform your analysis of this education technology innovator.
Chegg (NYSE: CHGG) has launched its new Create functionality, an AI-powered study tool that generates personalized practice tests and flashcards from students' class materials and notes. The system uses advanced agentic AI algorithms to create customized practice questions with plausible distractors, moving beyond traditional pre-generated study sets.
The tool incorporates metacognitive strategies by asking students to rate their confidence in answers and providing detailed feedback reports. Create analyzes students' previous Chegg engagement and personal input to identify areas needing focus, offering hints and implementing the hyper-correction effect to enhance learning retention.
As announced by CEO Nathan Schultz, this launch represents a significant step in Chegg's commitment to personalized learning, following their recent introduction of Solution Scout. The functionality aims to help students study more efficiently by tailoring content to their specific classroom needs and learning challenges.
Chegg (NYSE: CHGG), a leading student-first online learning platform, has scheduled its Q1 2025 earnings release for Monday, May 12, 2025, before market open. The earnings will cover the quarter ending March 31, 2025.
The company will host a conference call at 5:00 a.m. Pacific Time (8:00 a.m. Eastern Time) on the same day. Investors can access the call via phone (1-877-407-4018 for U.S. or +1-201-689-8471 for international) or through a live webcast at investor.chegg.com. An audio replay will be available from 12:00 p.m. ET on May 12 until 11:59 p.m. ET on May 19, 2025.
Chegg (NYSE: CHGG) has launched Solution Scout, an AI-powered tool that enables students to compare solutions from multiple AI language models alongside Chegg's proprietary content. The tool integrates solutions from ChatGPT, Google Gemini, and Claude with Chegg's own database.
Solution Scout automatically highlights discrepancies and agreements between different sources, providing AI-generated comparison summaries to help students identify trustworthy and relevant solutions more efficiently. This addresses a key challenge where 53% of students expressed concerns about receiving incorrect information when using GenAI tools not specifically designed for education.
The launch follows Chegg's introduction of the Create functionality, which allows students to generate custom practice tests from their class notes. These innovations aim to transform Chegg into a more personalized learning assistant, helping students spend less time verifying information and more time learning.
Chegg (NYSE:CHGG) has received a notice from the New York Stock Exchange (NYSE) on April 1, 2025, indicating non-compliance with listing standards due to its average closing share price falling below $1.00 over a consecutive 30-day trading period ending March 31, 2025.
The company has a six-month cure period to regain compliance by achieving a closing share price of at least $1.00 and maintaining an average closing price of $1.00 over a 30-day trading period. During this time, Chegg's stock will continue trading on the NYSE, subject to other listing standards compliance.
To address this issue, Chegg plans to evaluate available options, including the possibility of implementing a reverse stock split, which would require board and stockholder approval. Failure to regain compliance could result in NYSE suspension and delisting procedures.
Chegg has announced a $50,000 donation to Stevens Institute of Technology's iSTEM and Launchpad programs through the Chegg.org Impact Fund. The donation will provide funding for student-led startups, with up to $5,000 allocated to ten iSTEM and Launchpad student startups for materials, supplies, and essential support.
This contribution complements a larger $10 million donation from Stevens Emeritus Trustee Emilio A. Fernandez, with anticipated matching gifts totaling $7.5 million, bringing the total external investment to $17.5 million. The iSTEM program, launched in 2019, has achieved a 95% retention rate, with students raising over $5 million in capital.
The program is designed for talented students who have faced challenges in traditional academic environments, focusing on developing innovative solutions and launching successful businesses.
Chegg (NYSE: CHGG), a leading student-first connected learning platform, reported its financial results for Q4 and FY 2024. Key highlights include:
Q4 2024:
- Total net revenues of $143.5 million, a 24% year-over-year decrease.
- Subscription services revenues of $128.5 million, down 23% year-over-year.
- Gross margin of 68%, non-GAAP gross margin of 72%.
- Net loss of $6.1 million, non-GAAP net income of $19.0 million.
- Adjusted EBITDA of $36.6 million.
- 3.6 million subscription services subscribers, a 21% decline year-over-year.
FY 2024:
- Total net revenues of $617.6 million, a 14% year-over-year decrease.
- Subscription services revenues of $549.2 million, down 14% year-over-year.
- Gross margin of 71%, non-GAAP gross margin of 73%.
- Net loss of $837.1 million, non-GAAP net income of $85.0 million.
- Adjusted EBITDA of $149.7 million.
- 6.6 million subscription services subscribers, a 14% decline year-over-year.
Chegg announced a strategic review process to explore alternatives, including potential acquisition or going private, and filed a complaint against Google and Alphabet Inc. due to traffic retention issues impacting Chegg's revenue and acquisitions. For Q1 2025, Chegg projects total net revenues between $114-$116 million and adjusted EBITDA of $13-$14 million.
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 (NYSE: CHGG) has announced its third annual Global Student Mental Health Week scheduled for February 24 to March 2, 2025, under the theme 'In It Together.' The initiative aims to normalize mental health conversations and empower students through partnerships with global nonprofits, higher education institutions, and influencers.
Recent findings from Chegg's Global Student Survey, covering 11,706 undergraduates in 15 countries, revealed concerning mental health statistics: 55% reported insufficient sleep, 44% experienced daily anxiety, 43% suffered from academic burnout, and 35% struggled with making friends.
The week-long event features various activities including campus activations at Albany State University and Clemson University, featuring panel discussions, pet therapy sessions, and mental health professionals. Partners include Active Minds, Born This Way Foundation, The Jed Foundation, and others. The initiative will also provide a centralized online resource hub combining mental health resources from various 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.
