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Chegg Inc - CHGG STOCK NEWS

Welcome to our dedicated news page for Chegg (Ticker: CHGG), a resource for investors and traders seeking the latest updates and insights on Chegg.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Chegg's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Chegg's position in the market.

News
Chegg Reports Third Quarter 2023 Earnings
Rhea-AI Summary
Chegg, Inc. reported financial results for Q3 2023, with total net revenues of $157.9 million, a decrease of 4% YoY. Subscription Services revenues were $139.9 million, or 89% of total net revenues, also down 4% YoY. The company experienced a net loss of $18.3 million, while non-GAAP net income was $23.2 million. Chegg has begun rolling out its new AI-powered user experience, including a simple user interface and unified asking experience.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-15.11%
Tags
earnings
-
News
Chegg Reports New Hire Equity Grant Under NYSE Rule 303A.08
Rhea-AI Summary
Chegg grants equity awards to newly hired Chief Product Officer
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.24%
Tags
none
-
News
Chegg to Announce Third Quarter 2023 Financial Results
Rhea-AI Summary
Chegg, Inc. to release Q3 2023 earnings results on October 30, 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.71%
Tags
earnings
News
Chegg Strengthens Executive Leadership Team with Appointment of Dana Underwood As Chief Product Officer
Rhea-AI Summary
Dana Underwood joins Chegg as Chief Product Officer to drive its expanded vision utilizing artificial intelligence to benefit students.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.91%
Tags
management
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News
Chegg Announces Increased Authorization of Securities Repurchase Program by $200 million
Rhea-AI Summary
Chegg, Inc. has authorized an increase of $200 million for its securities repurchase program. The program allows Chegg to buy back its common stock and/or convertible notes. Chegg also has $89 million remaining from its previously announced $2 billion repurchase program. The timing, volume, and nature of any repurchases will be determined by Chegg's management.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.33%
Tags
buyback
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News
Chegg Reports Second Quarter 2023 Earnings
Rhea-AI Summary
Chegg reports Q2 financial results, outperforms revenue and adjusted EBITDA guidance. Year-over-year customer acquisition and retention rates improve. Total net revenues decrease 6% YoY to $182.9 million. Subscription Services revenues decrease 5% YoY to $165.9 million. Net income is $24.6 million. Adjusted EBITDA is $59.8 million. Third quarter outlook: Total net revenues expected to be $151-153 million, Subscription Services revenues expected to be $135-137 million, Gross Margin between 68% and 69%, Adjusted EBITDA expected to be $34-36 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.29%
Tags
earnings
News
Chegg Partners with Scale AI to Enhance Learning Experience for Students
Rhea-AI Summary
Chegg, Inc. (NYSE: CHGG) partners with Scale AI to develop large language models (LLMs) for a new personalized learning assistant. The partnership aims to combine generative AI with Chegg’s high-quality content to improve student outcomes. The new Chegg experience will feature a conversational user interface, personalized learning, more in-depth content, and innovative study tools. The goal is to address barriers such as anxiety, exhaustion, and depression that impact academic performance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.39%
Tags
partnership AI
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News
Chegg to Announce Second Quarter 2023 Financial Results
Rhea-AI Summary
Chegg, Inc. is set to release its earnings results for Q2 2023 on August 7, 2023, after the market close. The company will host a conference call to discuss the financial results on the same day.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.16%
Tags
earnings
-
News
Chegg Releases its 2022 Environmental, Social, and Governance Report Demonstrating Commitment to Responsible Practices and Societal Impact
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.11%
Tags
none
News
Chegg Wins 2023 EdTech Breakthrough Award for “Enhanced Curriculum Solution Provider of the Year”
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.17%
Tags
none
Stock CHGG logo
Chegg Inc

NYSE:CHGG

CHGG Rankings

#2643 Ranked by Market Cap
#4926 Ranked by Stock Gains
N/A Ranked by Dividends

CHGG Stock Data

736.09M
84.30M
2.98%
99.99%
13.22%
Educational Support Services
Educational Services
Link
US
Santa Clara

About CHGG

about chegg: as the leading student-first connected learning platform, chegg's student hub makes higher education more affordable and more accessible, all while improving student outcomes. chegg is a publicly-held company based in santa clara, ca with offices in san francisco, new york, portland, india, israel, berlin, and ukraine. chegg student hub services includes; chegg study, tutoring, writing tools, math help, test prep, careers search, internship admissions, and college admissions. video shorts - life at chegg: https://jobs.chegg.com/video-shorts-chegg-services certified great place to work!: http://reviews.greatplacetowork.com/chegg for more information: https://jobs.chegg.com/ chegg is an equal opportunity employer