CHGG Stock Recent News

Chegg also plans to close its physical offices in the US and Canada by the end of the year, as well as cut back on new product development and reduce administrative costs.

While the top- and bottom-line numbers for Chegg (CHGG) give a sense of how the business performed in the quarter ended March 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Chegg, Inc. (NYSE:CHGG ) Q1 2025 Earnings Conference Call May 12, 2025 8:00 AM ET Company Participants Tracey Ford - Investor Relations Nathan Schultz - President and Chief Executive Officer David Longo - Chief Financial Officer Conference Call Participants Ryan MacDonald - Needham & Company Operator Greetings, and welcome to the Chegg First Quarter 2025 Earnings Call. At this time all participants are in a listen-only mode.

Chegg (CHGG) came out with a quarterly loss of $0.06 per share versus the Zacks Consensus Estimate of a loss of $0.01. This compares to earnings of $0.26 per share a year ago.

Chegg said on Monday it would lay off about 22% of its workforce, or 248 employees, to cut costs and streamline its operations as students increasingly turn to AI-powered tools such as ChatGPT over traditional edtech platforms.

SANTA CLARA, Calif.--(BUSINESS WIRE)--Chegg, Inc. (NYSE:CHGG), the leading student-first connected learning platform, today reported financial results for the three months ended March 31, 2025. “In Q1, we exceeded our revenue and adjusted EBITDA expectations, delivered $16 million of free cash flow and continued to diversify our revenue streams. We are encouraged by the conversations in our strategic alternatives process and the value these organizations see in our business,” said Nathan Schult.

Get a deeper insight into the potential performance of Chegg (CHGG) for the quarter ended March 2025 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

Large language models disrupted the business model of this education technology company, making its services arguably obsolete.

SANTA CLARA, Calif.--(BUSINESS WIRE)--Chegg, Inc. (NYSE: CHGG), a leading student-first online learning platform, announced today that it is scheduled to release its earnings results on Monday, May 12, 2025, before market open for the first quarter of 2025, which ended on March 31, 2025. Chegg will host a conference call to discuss the first quarter financial results at 5:00 a.m. Pacific Time (8:00 a.m. Eastern Time) on the same day. To access the call, please dial 1-877-407-4018 or outside the.

SANTA CLARA, Calif.--(BUSINESS WIRE)--Today, Chegg, Inc. (NYSE: CHGG) announced the launch of Solution Scout, a powerful new tool designed to help students efficiently compare solutions from multiple sources – including Chegg's extensive archive as well as leading AI frontier models. Enhanced with Chegg's proprietary comparison summaries, the tool highlights key differences in AI-generated summaries so students can spend less time searching and more time learning. With over a decade of learning.