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 (NYSE: CHGG) has announced its third annual Global Student Mental Health Week scheduled for February 24 to March 2, 2025, under the theme 'In It Together.' The initiative aims to normalize mental health conversations and empower students through partnerships with global nonprofits, higher education institutions, and influencers.
Recent findings from Chegg's Global Student Survey, covering 11,706 undergraduates in 15 countries, revealed concerning mental health statistics: 55% reported insufficient sleep, 44% experienced daily anxiety, 43% suffered from academic burnout, and 35% struggled with making friends.
The week-long event features various activities including campus activations at Albany State University and Clemson University, featuring panel discussions, pet therapy sessions, and mental health professionals. Partners include Active Minds, Born This Way Foundation, The Jed Foundation, and others. The initiative will also provide a centralized online resource hub combining mental health resources from various partners.
Chegg's Global Student Survey 2025 reveals significant insights about GenAI usage in higher education. The survey, covering 11,706 undergraduate students across 15 countries, shows that 80% of students worldwide have used GenAI for their studies, with 29% turning to it first when facing academic challenges.
Despite widespread adoption, 53% of users express concerns about accuracy of information from general GenAI tools, up from 47% in 2023. This has led to 50% of students calling for education-specific GenAI tools. The survey indicates positive learning outcomes, with 56% using GenAI primarily for concept understanding, and 50% reporting improved comprehension of complex topics.
The study also highlights broader educational trends, with 70% of students preferring online learning options if it means lower tuition costs. Mental health remains a significant concern, with only 58% rating their wellbeing as 'excellent' or 'good', and 43% experiencing academic burnout.
Chegg (NYSE: CHGG) has announced it will release its Q4 and full-year 2024 financial results on Monday, February 24, 2025, after market close. The company will host a conference call to discuss the results at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) on the same day.
Investors can access the call through multiple channels: by dialing 1-877-407-4018 (US) or +1-201-689-8471 (international), via live webcast at investor.chegg.com, or through the Call me™ link available 15 minutes before the start. An audio replay will be available from February 24 until March 03, 2025, by calling 1-844-512-2921 (US) or +1-412-317-6671 (international) with Access ID 13751122.
Chegg (NYSE:CHGG) announced that its Compensation Committee has granted equity awards to a new employee under the Chegg 2023 Equity Inducement Plan. The grant, made on December 12, 2024, consists of 28,500 restricted stock units (RSUs) of Chegg common stock. These RSUs are scheduled to fully vest on December 12, 2025, contingent upon the employee's continuous service through the vesting date. The grant was made as an employment inducement award, falling under the exception to NYSE Listing Rule 303A.08.
Chegg has announced plans to repurchase approximately $116.6 million of its outstanding 0% Convertible Senior Notes due 2026 through privately negotiated agreements. The company will pay an aggregate cash price of approximately $96.2 million for these repurchases. The transactions are part of Chegg's previously announced securities repurchase program and are expected to close on December 3, 2024. After completion, $127.9 million in Notes will remain outstanding, with $207.5 million still available under the repurchase program.
Chegg announced that its Compensation Committee granted equity awards to one newly hired employee on November 12, 2024. The award consists of 3,575 restricted stock units (RSUs) of Chegg common stock, granted under the Chegg 2023 Equity Inducement Plan. The RSUs will fully vest on November 12, 2025, contingent upon the employee's continuous service through the vesting date. The grant was made in accordance with the employment inducement award exception to NYSE Listing Rule 303A.08.
Chegg (NYSE:CHGG) reported Q3 2024 financial results with total net revenues of $136.6 million, down 13% year-over-year. Subscription Services revenues decreased 14% to $119.8 million, with subscriber count falling 13% to 3.8 million. The company posted a net loss of $212.6 million, while achieving non-GAAP net income of $9.8 million and adjusted EBITDA of $22.3 million. The Board approved a $300 million increase to its securities repurchase program. For Q4 2024, Chegg projects revenues between $141-143 million and adjusted EBITDA of $32-34 million.
Busuu, a Chegg service and language learning provider with over 120 million registered users, has launched Busuu Conversations, a new AI-powered feature designed to help language learners practice speaking confidently. The feature offers:
- AI-simulated exchanges mimicking everyday scenarios
- Real-time feedback on performance
- 24/7 help with AI and prompts for sentence composition
- A safe space for making mistakes with personalized feedback
Initially available for English and Spanish learners across all 16 Busuu interface languages, Busuu Conversations aims to address common challenges such as fear of making mistakes and lack of practice partners. The feature is integrated into Busuu's Complete English and Spanish Courses, providing a comprehensive learning experience covering listening, reading, writing, and speaking skills.
Chegg, Inc. (NYSE:CHGG), a leading student-first connected learning platform, has announced the granting of equity awards to a new employee. On October 12, 2024, the company's Compensation Committee awarded restricted stock units (RSUs) representing 50,000 shares of Chegg common stock to one newly hired employee. This grant was made under the Chegg 2023 Equity Inducement Plan, relying on the employment inducement award exception to New York Stock Exchange Listing Rule 303A.08.
The RSUs are set to fully vest on October 12, 2025, contingent upon the employee's continuous service through the vesting date. This equity grant serves as an inducement for new talent joining Chegg and aligns with the company's compensation strategy.
Chegg, Inc. (NYSE: CHGG), a leading student-first online learning platform, has announced it will release its third quarter 2024 financial results on Tuesday, November 12, 2024, after market close. The company will host a conference call to discuss the results at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) on the same day.
Investors can access the call by dialing 1-877-407-4018 (U.S.) or +1-201-689-8471 (outside U.S.). A live webcast will be available at https://investor.chegg.com. An audio replay will be accessible from 7:30 p.m. Eastern Time on November 12 until 11:59 p.m. Eastern Time on November 19, 2024, by calling 1-844-512-2921 (U.S.) or +1-412-317-6671 (outside U.S.) with Access ID 13749504.