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. (CHGG) operates a leading student-first connected learning platform in the global edtech sector. This news hub provides investors and stakeholders with centralized access to official announcements, financial updates, and strategic developments impacting Chegg's position in digital education.
Track key corporate updates including quarterly earnings reports, partnership announcements, leadership changes, and product innovations. Our curated feed ensures timely access to press releases related to Chegg Study, Skills development tools, and international expansion efforts.
Discover updates on Chegg's core subscription offerings, academic resource enhancements, and initiatives supporting affordable education. The repository maintains focus on material developments while providing context about the company's evolving role in online learning ecosystems.
Bookmark this page for streamlined monitoring of Chegg's operational milestones, regulatory filings, and market-moving announcements. Combine strategic insights with fundamental updates to inform your analysis of this education technology innovator.
Chegg, Inc. (NYSE:CHGG) reported its Q4 and full-year 2022 financial results, highlighting a 10% growth in Chegg Services revenue, with a total revenue of $205.2 million in Q4 and $766.9 million annually. Subscription Services revenues reached $177.5 million in Q4, a 4% year-over-year increase, and $672 million for the full year, growing 9%. Subscriber count rose to 8.2 million, up 5%. Looking ahead, the company projects Q1 2023 revenues between $184 million and $186 million, with a gross margin of 72%-73%.
DoorDash (NYSE: DASH) has partnered with Chegg (NYSE: CHGG) to provide US Chegg Study Pack subscribers with a free DashPass Student membership. This initiative aims to enhance savings and convenience for students by offering unlimited $0 delivery fees and exclusive promotions. Subscribers can activate their membership immediately, allowing for affordable on-demand delivery from numerous restaurants and retailers. With a DashPass Student membership, Chegg users benefit from 5% DoorDash credits on Pickup orders, all for a significantly reduced price compared to standard plans. The promotion is available until August 1, 2023.
Chegg (NYSE: CHGG) is set to release its earnings results for the fourth quarter and full fiscal year of 2022 on February 6, 2023, after market close. A conference call will follow at 1:30 PM PST (4:30 PM EST) to discuss the financial results. Access to the call will be available via telephone and through a live webcast on the Chegg investor relations website. An audio replay will commence at 7:30 PM EST on the same day and will be available until February 13, 2023.
Chegg (NYSE: CHGG) has announced a global partnership with Calm, providing Chegg Study Pack users free access to Calm Premium, featuring hundreds of hours of mindfulness content in seven languages. This initiative aims to help students manage stress, improve focus, and enhance overall mental well-being, addressing the significant anxiety many students face regarding their studies. A recent study indicates that 74% of students feel anxious about academic demands, highlighting the growing need for mental health support in education.
Chegg, Inc. reported its Q3 2022 financial results, revealing total net revenues of $164.7 million, down 4% year-over-year. However, Chegg Services revenues rose by 8% to $159.3 million, constituting 97% of total revenues. The company’s net income surged to $251.6 million, attributed to a one-time tax benefit and debt extinguishment gain. The firm anticipates Q4 revenues between $200 million and $203 million, with full-year revenues expected between $762 million and $765 million.
Chegg Inc. (NYSE: CHGG) announced the promotion of Nathan Schultz to Chief Operating Officer, effective immediately. Schultz, who has been with Chegg for 15 years, previously served as President of Learning Services. In his new role, he will oversee consumer-facing products, focusing on expanding Chegg's direct-to-student services, including learning tools and career skills training, to enhance the overall consumer experience. CEO Dan Rosensweig noted Schultz's transformational leadership and significant contributions to supporting student learning.
Chegg, Inc. (NYSE: CHGG) will release its third-quarter earnings results for 2022 on November 1, 2022. The earnings call is scheduled for 1:30 PM PT (4:30 PM ET) on the same day. Investors can access the call via phone or through a live webcast at the Chegg investor relations site. A replay will be available from 7:30 PM ET on November 1 until 11:59 PM ET on November 8, 2022.
Chegg (NYSE: CHGG) has expanded its Uversity platform to Canada and the United Kingdom, connecting millions of students with valuable educational content from verified instructors. Since its U.S. launch in June 2021, Uversity hosts over 180,000 pieces of content developed by over 6,000 professors. Instructors are compensated for their contributions while retaining ownership of their materials. Chegg aims to enhance student learning experiences by providing high-quality resources and financial support for educators.
Chegg, Inc. (NYSE:CHGG) reported a 9% year-over-year increase in Chegg Services revenue, totaling $189.1 million, representing 97% of total net revenues of $194.7 million for Q2 2022. Despite a 2% decline in overall net revenues, the company achieved 5.3 million subscribers, reflecting solid growth. Net income stood at $7.5 million, with a non-GAAP net income of $55.0 million and adjusted EBITDA of $68.3 million. For Q3 2022, total net revenues are projected between $156 million and $160 million.
Chegg, Inc. (NYSE: CHGG) will announce its second-quarter earnings results on August 4, 2022, after market close. The period under review ended on June 30, 2022. A conference call will occur at 1:30 p.m. PDT (4:30 p.m. EDT) on the same day to discuss the financial outcomes. Interested parties can join via phone or a live webcast at investor.chegg.com. A replay will be available from August 4 at 7:30 p.m. EDT until August 11, 2022.
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