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. reports news around its global learning platform, with coverage centered on Chegg Skilling, Academic Services, workplace readiness, professional upskilling, language learning and AI-supported student services. Company updates commonly address earnings, segment priorities, enterprise and channel partnerships, and the shift toward skilling as a larger part of Chegg’s business model.
Recurring developments also include product and partnership announcements for Chegg Skills and Busuu, equity compensation actions under NYSE rules, shareholder ownership disclosures, and governance updates tied to the company’s board and management structure.
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.