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 has established a new academic advisory board composed of senior officials from prestigious institutions including Harvard, Stanford, and Southern New Hampshire University. This initiative aims to enhance student learning and uphold academic integrity. The board will offer feedback on Chegg's offerings, providing insights into faculty needs. Leading this board is Dr. Paul J. LeBlanc of SNHU. The formation of this board underscores Chegg's commitment to shaping educational content and supporting students as they transition from school to career.
Chegg, Inc. (NYSE: CHGG) will announce its third-quarter earnings results for the period ending September 30, 2021, on November 1, 2021, after market close. A conference call will take place at 1:30 PM PT (4:30 PM ET) the same day to discuss the financial results. Investors can listen in by calling 1-877-407-4018 within the U.S. or +1-201-689-8471 from outside the U.S. An audio replay will be available from 7:30 PM ET on November 1 until 11:59 PM ET on November 8, 2021. For more details, visit Chegg’s investor page.
JPMorgan Chase & Co has acquired Frank, a leading college financial planning platform, aiming to enhance financial navigation for millions of students and families. This acquisition includes Frank's services, such as Easy FAFSA® and the Classfinder College Course Marketplace, catering to a diverse demographic including low-to-moderate income households. Frank serves over 5 million students across 6,000 institutions, positioning JPMorgan to deepen engagement and support financial literacy among students.
Chegg (NYSE: CHGG) has announced the appointment of Marcela Martin, Chief Financial Officer of Squarespace, to its Board of Directors as of September 15, 2021. Martin brings over 25 years of finance experience in global tech companies, having previously held leadership roles at Booking.com and National Geographic Partners. Her expertise in adapting to market trends is expected to enhance Chegg’s focus on student needs in a rapidly changing educational landscape. Martin will also be part of the Audit Committee.
Chegg, Inc. (NYSE:CHGG) reported strong financial results for Q2 2021, with total net revenues of $198.5 million, marking a 30% year-over-year increase. Chegg Services revenues surged 38% to $173.5 million, representing 87% of total revenues. The company saw subscriber growth, reaching 4.9 million in Chegg Services, up 31% year-over-year. For Q3 2021, Chegg anticipates revenues between $170 million and $175 million, and for the full year, projections range from $805 million to $815 million.
Chegg, Inc. (NYSE: CHGG) will release its second-quarter earnings results for 2021 on August 9, 2021, after market close. This financial report covers the period ending June 30, 2021. Following the release, Chegg will host a conference call at 1:30 p.m. PDT (4:30 p.m. EDT) to discuss the results. Investors can access the call by dialing 1-877-407-4018 or +1-201-689-8471 (internationally), and a live webcast will be available at investor.chegg.com. An audio replay will be available from August 9 to August 16, 2021.
Chegg (NYSE: CHGG) has launched Uversity, a new platform enabling educators to share educational content with millions of students globally. Uversity aims to enhance the existing Chegg Study service, which already features 59 million step-by-step solutions. With 80% of students valuing instructor-created materials, Uversity allows educators to upload diverse resources like study notes and videos. The platform will initially be open to accredited U.S. faculty, providing compensation for content contributions while retaining their intellectual property rights.
Chegg, Inc. (NYSE:CHGG) reported Q1 2021 financial results with total net revenues of $198.4 million, up 51% year-over-year. Chegg Services revenues surged 62% year-over-year, reaching $162.4 million. Despite these gains, the company faced a net loss of $65.2 million due to a $78.2 million loss from debt extinguishment. Non-GAAP net income was $46.4 million, and adjusted EBITDA stood at $57.1 million. With 4.8 million subscribers, Chegg expects Q2 revenues between $188 million to $190 million.
Chegg, Inc. (NYSE: CHGG) will release its first quarter 2021 earnings on May 3, 2021, after market close. The results cover the period ending March 31, 2021. A conference call will follow at 1:30 PM PDT (4:30 PM EDT) to discuss the financial outcomes. Call access is available via phone and a live webcast on Chegg's investor relations site. An audio replay will also be provided from May 3, 2021, at 7:30 PM EDT until May 10, 2021. Chegg focuses on enhancing educational results, offering tools that assist students throughout their academic journey.
Chegg has appointed Lauren Glotzer as the new Chief Strategy Officer, effective April 12, 2021. Previously, Glotzer served as the Executive Vice President of Television Strategy & Operations at Sony Pictures Entertainment. Her experience includes overseeing growth strategies and acquisitions in a global enterprise, which Chegg aims to leverage for scaling its services. CEO Dan Rosensweig expressed optimism about Glotzer's ability to enhance Chegg's mission of supporting students in their educational journeys.
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