Earnings summaries and quarterly performance for CHEGG.
Executive leadership at CHEGG.
Board of directors at CHEGG.
Research analysts who have asked questions during CHEGG earnings calls.
Ryan MacDonald
Needham & Company
3 questions for CHGG
Also covers: ACCD, AMWL, BNED +17 more
DA
Devin Au
KeyBanc Capital Markets Inc.
2 questions for CHGG
Also covers: APPN, COUR, INST +5 more
Eric Sheridan
Goldman Sachs
2 questions for CHGG
Also covers: ABNB, ACVA, AMZN +42 more
JB
Josh Baer
Morgan Stanley
2 questions for CHGG
Also covers: ASAN, BIGC, BOX +16 more
AF
Alex Fuhrman
Craig-Hallum Capital Group LLC
1 question for CHGG
Also covers: APYX, ATER, BNED +21 more
Brent Thill
Jefferies
1 question for CHGG
Also covers: ADBE, AMZN, ASAN +26 more
BS
Bryan Smilek
JPMorgan Chase & Co.
1 question for CHGG
Also covers: COUR, CRTO, DUOL +4 more
Jeffrey Silber
BMO Capital Markets
1 question for CHGG
Also covers: AMN, ASGN, ATGE +18 more
Jessica Wang
Raymond James & Associates, Inc.
1 question for CHGG
Also covers: MLNK, NRDY, PCTY
Matthew Shea
Needham & Company
1 question for CHGG
Also covers: AGL, AMWL, DCBO +5 more
Recent press releases and 8-K filings for CHGG.
Chegg Receives NYSE Non-Compliance Notice Regarding Share Price
CHGG
Delisting/Listing Issues
Reverse Stock Split
- Chegg, Inc. (CHGG) was notified by the New York Stock Exchange (NYSE) on December 12, 2025, that it is not in compliance with Section 802.01C of the NYSE Listed Company Manual.
- This non-compliance is due to the company's average closing share price being less than $1.00 over a consecutive 30 trading-day period as of December 11, 2025.
- Chegg has a six-month cure period to regain compliance, requiring a closing share price of at least $1.00 and an average closing share price of at least $1.00 over a 30 trading-day period on the last trading day of any calendar month during this period.
- The company intends to notify the NYSE of its plan to regain compliance and may consider a reverse stock split if necessary.
- The notice has no immediate impact on the listing of Chegg's common stock, which will continue to trade on the NYSE during the cure period.
Dec 15, 2025, 9:13 PM
Chegg Announces Q3 2025 Results and Strategic Restructuring
CHGG
Earnings
Guidance Update
Demand Weakening
- Chegg reported Q3 2025 total revenue of $78 million, marking a 43% decrease year-over-year, with Adjusted EBITDA at $13 million.
- The company announced a strategic restructuring, splitting into a growth-focused Chegg Skilling unit and legacy academic services intended to generate cash flow, attributing outperformance in adjusted EBITDA guidance to cost cutting and restructurings.
- Free Cash Flow for Q3 2025 was ($1) million, primarily impacted by $5.5 million in severance payments related to restructurings and a $7.5 million settlement payment to the FTC.
- For Q4 2025, Chegg anticipates total net revenue between $70 million and $72 million and Adjusted EBITDA between $10 million and $11 million. Chegg Skilling revenue is projected to increase approximately 14% year-over-year in Q4 2025.
Nov 10, 2025, 9:30 PM
Chegg Reports Q3 2025 Results and Announces Strategic Restructuring
CHGG
Earnings
CEO Change
Layoffs
- Chegg reported Q3 2025 total revenue of $78 million, a 42% year-over-year decrease, but surpassed revenue expectations and outperformed adjusted EBITDA guidance by $5 million.
- The company announced a significant restructuring, dividing into a growth-focused Chegg Skilling unit and a cash-generating legacy academic services unit, with Dan Rosensweig returning as CEO and Executive Chairman.
- For Q4 2025, Chegg forecasts total revenue between $70-$72 million and adjusted EBITDA between $10-$11 million. The Chegg Skilling business is expected to generate $18 million in revenue, representing 14% year-over-year growth.
- Non-GAAP operating expenses were reduced by 46% year-over-year to $49 million in Q3 2025, driven by restructuring efforts, with a target to cut total non-GAAP expenses to under $250 million by 2026 from $536 million in 2024.
Nov 10, 2025, 9:30 PM
Chegg Reports Q3 2025 Earnings and Provides Q4 2025 Outlook
CHGG
Earnings
Guidance Update
Layoffs
- Chegg reported Q3 2025 total net revenues of $77.7 million, a 43% year-over-year decrease, and a net loss of $17.5 million, with Adjusted EBITDA of $13.3 million.
- For Q4 2025, the company anticipates total net revenues between $70 million and $72 million and Adjusted EBITDA in the range of $10 million to $11 million.
- Chegg is strategically focusing on the B2B skilling market, with Chegg Skilling revenues projected at $70 million for the full year 2025 and $18 million for Q4 2025, reflecting a 14% year-over-year growth for Q4.
- The company implemented a restructuring to streamline operations and reduce costs, targeting a reduction in total non-GAAP expenses to under $250 million by 2026 from $536 million in 2024.
Nov 10, 2025, 9:17 PM
Chegg Reports Third Quarter 2025 Earnings and Provides Outlook
CHGG
Earnings
Guidance Update
New Projects/Investments
- Chegg reported total net revenues of $77.7 million for the third quarter of 2025, a 43% decrease year-over-year, and a net loss of $17.5 million.
- The company's Adjusted EBITDA for Q3 2025 was $13.3 million, with a Non-GAAP Gross Margin of 62%.
- For the fourth quarter of 2025, Chegg anticipates total net revenues between $70 million and $72 million and Adjusted EBITDA in the range of $10 million to $11 million.
- Chegg is strategically focusing on the B2B skilling market, with Chegg Skilling revenues expected to be $18 million for Q4 2025, representing 14% year-over-year growth, and approximately $70 million for the full year 2025.
- The company projects full-year 2025 capital expenditures of approximately $27 million.
Nov 10, 2025, 9:05 PM
Chegg Announces Major Restructuring and CEO Change
CHGG
Layoffs
CEO Change
Demand Weakening
- Chegg announced a major restructuring, including cutting 388 roles (approximately 45% of its global workforce), in response to the impact of AI on its business, which led to steep declines in traffic, subscribers, and revenue.
- Dan Rosensweig has immediately resumed the CEO role, replacing Nathan Schultz, as the company shifts to an AI-first market strategy.
- The company anticipates $15–19 million in restructuring charges through early 2026, with the layoffs expected to reduce 2026 non-GAAP expenses by $100–110 million.
- Following a strategic review, Chegg's board decided to remain an independent public company, planning to reinvest cost savings into B2B and AI-related products.
Oct 27, 2025, 9:49 PM
Chegg Announces Return of CEO, Restructuring, and Strategic Focus
CHGG
CEO Change
Layoffs
Guidance Update
- Chegg, Inc. announced it will remain a standalone public company following a comprehensive strategic review.
- Dan Rosensweig has reassumed the role of President and Chief Executive Officer, effective October 27, 2025, replacing Nathan Schultz. Rosensweig's annual base salary will be $850,000.
- The company announced a restructuring plan that includes a 45% reduction in its global workforce, impacting 388 roles. This is expected to result in $15-19 million in charges, primarily for severance, and reduce 2026 non-GAAP expenses by $100-110 million.
- Chegg is strategically focusing on the $40+ billion skilling market, with these businesses projected to generate approximately $70 million of revenue in 2025 and achieve double-digit growth in 2026.
- The company is reiterating its Q3 2025 revenue and adjusted EBITDA guidance.
Oct 27, 2025, 8:11 PM
Chegg Announces Strategic Review Outcome, CEO Change, and Restructuring
CHGG
CEO Change
Layoffs
Guidance Update
- Chegg will remain a standalone public company after a comprehensive strategic review, with the Board determining this offers the best opportunity to maximize long-term shareholder value.
- Dan Rosensweig will reassume the role of President and CEO, effective October 27, 2025, replacing Nathan Schultz who will become an Executive Advisor.
- The company is undertaking a restructuring to increase cash flow and build momentum in the $40+ billion skilling market, driven by a significant decline in traffic and revenue due to AI and reduced Google traffic.
- This restructuring includes a reduction of 388 roles globally, representing approximately 45% of the workforce, which is expected to reduce 2026 non-GAAP expenses by approximately $100-110 million and result in charges of approximately $15-19 million.
- Chegg's skilling-focused businesses are projected to generate approximately $70 million of revenue in 2025 and achieve double-digit growth in 2026.
Oct 27, 2025, 8:05 PM
Chegg settles FTC suit over subscription cancellations
CHGG
Legal Proceedings
- Chegg Inc. has agreed to pay $7.5 million to settle allegations from the U.S. Federal Trade Commission (FTC) that the company made it unnecessarily difficult for consumers to cancel auto-renewing subscriptions, violating the Restore Online Shoppers’ Confidence Act.
- The FTC complaint detailed that Chegg continued charging nearly 200,000 consumers since October 2020 after they had requested cancellation, with internal emails revealing Chegg staff, including current CEO Nathan Schultz, were aware of the difficult process.
- This marks Chegg's second FTC settlement, following a 2022 order related to data security lapses.
- Following the settlement announcement, Chegg’s stock declined 6% on the day and 14% over three days.
- Analysts have an average one-year price target of $0.83, indicating a potential downside from the current trading price of $1.43, though some valuation models suggest a significant potential upside of nearly 240%.
Sep 15, 2025, 1:55 PM
Quarterly earnings call transcripts for CHEGG.
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