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 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.
Chegg, Inc. (NYSE: CHGG) has successfully closed its public offering of 11,274,600 shares of common stock at a price of $102.00 per share. This includes 1,470,600 shares purchased through the underwriters' option. Of the total, Chegg sold 10,974,600 shares, while CEO Dan Rosensweig divested 300,000 shares. Chegg will not receive proceeds from Rosensweig's sale. The offering was managed by Morgan Stanley, Goldman Sachs & Co. LLC, and Allen & Company LLC, among others.
Chegg, Inc. (NYSE: CHGG) has priced its upsized public offering of 9,804,000 shares at $102.00 each, expected to close on February 22, 2021. The offering includes a 30-day option for underwriters to purchase an additional 1,470,600 shares. Proceeds will be used for general corporate purposes, including potential acquisitions and debt repayment. Chegg will not receive proceeds from shares sold by the selling stockholder. Morgan Stanley, Goldman Sachs & Co. LLC, and Allen & Company LLC are managing the offering.
Chegg, Inc. (NYSE: CHGG) has announced a public offering of $800 million in common stock. The offering includes an option for underwriters to purchase an additional $120 million in shares. Proceeds will be allocated for general corporate purposes, including acquisitions and debt repayment. Notably, Chegg will not receive proceeds from the shares sold by its CEO, Dan Rosensweig. The offering is contingent on market conditions and may vary in size and terms. Morgan Stanley, Goldman Sachs & Co. LLC, and Allen & Company LLC will manage the offering.
Chegg, Inc. (NYSE:CHGG) reported strong Q4 2020 results, with total net revenues of $205.7 million, a 64% increase year-over-year. Chegg Services revenues grew to $176.0 million, accounting for 86% of total revenues. The net income was $26.0 million, while non-GAAP net income reached $77.8 million.
For the full year, revenues reached $644.3 million, up 57%. The company expects 2021 total net revenues between $780 million and $790 million, with significant growth in Chegg Services.
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