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. (NYSE: CHGG) is a publicly held learning platform based in Santa Clara, California, operating in the educational services sector. News about Chegg often centers on its role as a student-first connected learning platform and its evolution into a skilling-focused organization serving students, lifelong learners, and businesses.
On this page, readers can find coverage of Chegg’s earnings announcements, strategic updates, and restructuring plans. The company regularly issues press releases and files Form 8-K reports related to quarterly and annual financial results, guidance, and the performance of its Subscription Services and Skills and Other categories. These updates often highlight trends in Chegg Study, Busuu, and Chegg Skills, as well as the company’s use of AI-powered academic tools.
Chegg’s news flow also includes developments in its strategic focus on the skilling market, including commentary on language learning through Busuu and workplace readiness and professional upskilling through Chegg Skills. The company has reported on partnerships, content licensing agreements, business-to-institution pilots, and initiatives to align its cost structure with its outlook, such as workforce reductions and office changes.
Regulatory and listing-related news is another important theme. For example, Chegg has disclosed receiving a continued listing standard notice from the New York Stock Exchange regarding minimum share price requirements, and has described its plans to address such matters. Investors and observers use Chegg’s news to follow its strategic review outcomes, leadership changes, capital structure actions such as convertible note repurchases, and the ongoing integration of AI into its learning platform.
For anyone tracking CHGG, this news page provides a centralized view of Chegg’s press releases and related disclosures, offering context on how the company is positioning itself within academic support, language learning, and workforce skilling.
Chegg, Inc. (NYSE: CHGG) has partnered with Arizona State University to launch a new online training program through its career accelerator, Thinkful. This initiative targets the growing demand for tech talent by offering data science, software engineering, and app design courses, available full-time or part-time, culminating in a Professional Certificate from ASU. According to McKinsey, 375 million workers may need to shift careers due to automation. Thinkful boasts an impressive 83% job placement rate within six months of graduation, aiming to bridge the skills gap in high-paying tech jobs.
Chegg Inc. (NYSE: CHGG) has launched Honor Shield, a new tool for faculty aimed at maintaining the integrity of online assessments amid the pandemic. This free service allows professors to pre-submit exam questions, preventing answers from appearing on Chegg during a specified exam period. Following a successful trial, the service is now available to faculty in the U.S. and will expand globally. Chegg's initiative addresses concerns about academic integrity, especially as a significant percentage of colleges remain partially online.
Chegg, Inc. (NYSE: CHGG) announced its upcoming earnings release for the fourth quarter and full fiscal year 2020, ending December 31, 2020. The results will be disclosed on February 8, 2021, after market close. A conference call to discuss the results is scheduled for the same day at 1:30 PM PST (4:30 PM EST). Investors can access the call by dialing 1-877-407-4018, or through a live webcast at investor.chegg.com. An audio replay will be available post-call until February 15, 2021.
Chegg, Inc. (NYSE: CHGG) has appointed Sarah Bond, Corporate Vice President of Gaming Ecosystem at Microsoft, to its Board of Directors, effective December 2, 2020. Bond, who has a strong background in subscription-based services, is expected to enhance Chegg's mission to support students academically. With experience at Microsoft and T-Mobile, she played a significant role in growing Xbox Game Pass. Her insight into innovative partnerships could provide valuable perspectives as Chegg continues to focus on educational technology.
Chegg, Inc. (NYSE:CHGG) reported Q3 2020 financial results with total net revenues of $154.0 million, reflecting a 64% increase year-over-year. Chegg Services revenues surged 72% to $118.9 million, constituting 77% of total revenues. Despite a net loss of $37.1 million, non-GAAP net income reached $24.1 million with adjusted EBITDA of $31.9 million. The company raised its 2020 guidance, projecting fourth-quarter revenues between $188 million and $190 million and full-year revenues of $626 million to $628 million. For 2021, Chegg anticipates revenues of approximately $775 million.
Chegg, Inc. (NYSE: CHGG) announced its third quarter 2020 earnings release scheduled for October 26, 2020, post-market. The company will hold a conference call at 1:30 PM PDT (4:30 PM EDT) on the same day to discuss financial results. Investors can access the call by dialling the provided numbers or through a live webcast at Chegg’s investor relations site. An audio replay will be available from October 26, 2020, to November 2, 2020.
Chegg continues to prioritize student outcomes with its broad range of online educational services.