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CHEGG, INC. - CHGG STOCK NEWS

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.

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Chegg (CHGG) Launches Global Student Survey 2023, Revealing 40% of Undergraduates Use Generative AI for Studies
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Chegg, Inc. reported financial results for Q3 2023, with total net revenues of $157.9 million, a decrease of 4% YoY. Subscription Services revenues were $139.9 million, or 89% of total net revenues, also down 4% YoY. The company experienced a net loss of $18.3 million, while non-GAAP net income was $23.2 million. Chegg has begun rolling out its new AI-powered user experience, including a simple user interface and unified asking experience.
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Chegg grants equity awards to newly hired Chief Product Officer
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Chegg, Inc. to release Q3 2023 earnings results on October 30, 2023
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Dana Underwood joins Chegg as Chief Product Officer to drive its expanded vision utilizing artificial intelligence to benefit students.
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Chegg, Inc. has authorized an increase of $200 million for its securities repurchase program. The program allows Chegg to buy back its common stock and/or convertible notes. Chegg also has $89 million remaining from its previously announced $2 billion repurchase program. The timing, volume, and nature of any repurchases will be determined by Chegg's management.
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Chegg reports Q2 financial results, outperforms revenue and adjusted EBITDA guidance. Year-over-year customer acquisition and retention rates improve. Total net revenues decrease 6% YoY to $182.9 million. Subscription Services revenues decrease 5% YoY to $165.9 million. Net income is $24.6 million. Adjusted EBITDA is $59.8 million. Third quarter outlook: Total net revenues expected to be $151-153 million, Subscription Services revenues expected to be $135-137 million, Gross Margin between 68% and 69%, Adjusted EBITDA expected to be $34-36 million.
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Chegg, Inc. (NYSE: CHGG) partners with Scale AI to develop large language models (LLMs) for a new personalized learning assistant. The partnership aims to combine generative AI with Chegg’s high-quality content to improve student outcomes. The new Chegg experience will feature a conversational user interface, personalized learning, more in-depth content, and innovative study tools. The goal is to address barriers such as anxiety, exhaustion, and depression that impact academic performance.
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Chegg, Inc. is set to release its earnings results for Q2 2023 on August 7, 2023, after the market close. The company will host a conference call to discuss the financial results on the same day.
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FAQ

What is the current stock price of CHEGG (CHGG)?

The current stock price of CHEGG (CHGG) is $1.72 as of November 15, 2024.

What is the market cap of CHEGG (CHGG)?

The market cap of CHEGG (CHGG) is approximately 180.9M.

What is Chegg, Inc.?

Chegg, Inc. (CHGG) is a leading student-first connected learning platform focused on making higher education more affordable and accessible.

What services does Chegg offer?

Chegg offers services including Chegg Study, tutoring, writing tools, math help, test prep, career search, internship admissions, and college admissions.

Where is Chegg headquartered?

Chegg is headquartered in Santa Clara, CA, with additional offices in San Francisco, New York, Portland, India, Israel, Berlin, and Ukraine.

What are Chegg's main product categories?

Chegg's services are divided into two main categories: Subscription Services and Skills and Other.

What is included in Chegg's Subscription Services?

Subscription Services include Chegg Study Pack, Chegg Study, Chegg Writing, Chegg Math, and Busuu.

What products fall under Chegg's Skills and Other category?

This category includes skills development, advertising services, print textbooks, and eTextbooks.

How does Chegg enhance the educational experience?

Chegg enhances education by offering a variety of tools and resources aimed at supporting students in their academic and career endeavors.

Is Chegg a certified great place to work?

Yes, Chegg is recognized as a certified great place to work, reflecting its commitment to a positive workplace culture.

Who is a notable recent appointee at Chegg?

Etay Geller was recently appointed as VP of Product, playing a crucial role in developing Chegg's main products like Chegg Study.

Where can I find more information about careers at Chegg?

For more information about careers at Chegg, visit their official careers page at https://jobs.chegg.com/.

CHEGG, INC.

NYSE:CHGG

CHGG Rankings

CHGG Stock Data

180.90M
104.31M
4.32%
93.56%
11.45%
Education & Training Services
Services-educational Services
Link
United States of America
SANTA CLARA