Chegg Stock 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.

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 particip...

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 str...

SANTA CLARA, Calif.--(BUSINESS WIRE)--Today, Chegg, Inc. (NYSE: CHGG) announced the launch of its new Create functionality. Create empowers students to generate practice tests and flashcards – directly from their own class materials, such as notes – delivering a highly customized and personalized study experience that helps to align with what they're learning in the classroom. Chegg's Create fu...

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 (...

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 summ...