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, Inc. (NYSE:CHGG) reported Q4 2021 net revenues of $207.5 million, a 1% increase year-over-year. Chegg Services revenue grew 6% to $187.2 million, representing 90% of total revenue. Full-year 2021 net revenues totaled $776.3 million, up 20%, while Chegg Services revenues rose 29% to $669.9 million. The company experienced an increase in subscribers, reaching 4.6 million in Q4 and 7.8 million for the full year. For Q1 2022, Chegg expects total net revenues of $200-205 million and Chegg Services revenues of $183-188 million.
Chegg, Inc. (NYSE: CHGG) announced it will release its earnings results for Q4 and full fiscal year of 2021 on February 7, 2022, after market close. A conference call will be held at 1:30 PM PST to discuss financial results. Investors can access the call by dialing 1-877-407-4018, or +1-201-689-8471 from outside the U.S. A live webcast is available on Chegg's investor relations site. An audio replay will be accessible from February 7 at 7:30 PM EST until February 14 at 11:59 PM EST.
Chegg, Inc. (NYSE: CHGG) launched 'Learn With Chegg,' an enhanced platform that provides personalized learning experiences by integrating existing academic services. The platform leverages vast industry data to tailor content to individual needs, utilizing 70 million worked examples and expert-generated content. Chegg aims to support busy students, addressing the significant dropout rates and providing holistic support for mental health, career guidance, and financial advice. The initiative reflects Chegg's commitment to lifelong learning and adapting to modern educational demands.
Chegg, Inc. (NYSE:CHGG) announced a $300 million accelerated share repurchase (ASR) program to enhance shareholder value. This initiative reflects the company's robust balance sheet and confidence in long-term growth opportunities within the education sector. The ASR is part of a larger $1.0 billion repurchase program, with $665.5 million still available as of September 30, 2021. Chegg aims to leverage both organic and inorganic growth strategies to better serve students globally.
Chegg has announced its acquisition of Busuu, a leading digital language learning platform, in a cash deal valued at approximately
Chegg, Inc. reported its Q3 2021 results, showing a 12% year-over-year revenue increase to $171.9 million. Chegg Services revenue rose 23% year-over-year to $146.8 million, representing 85% of total revenues. Despite a slowdown in the education sector attributed to the COVID-19 pandemic, net income was $6.7 million, with a non-GAAP net income of $33.9 million. The board approved a $500 million increase to its securities repurchase program, now totaling $1 billion. Guidance for Q4 expects revenues between $194 million and $196 million.
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.
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