Chegg Stock News

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...

SANTA CLARA, Calif.--(BUSINESS WIRE)--NYSE Listing Notice.

HOBOKEN, N.J.--(BUSINESS WIRE)--Chegg, a leading student-first online learning platform, announced today a $50,000 donation to Stevens Institute of Technology's iSTEM and Launchpad@Stevens programs from the Chegg.org Impact Fund–marking the first-ever matching gift to expand the program's impact beyond the university. "Chegg truly understands the modern student experience, and we are proud to s...

Chegg, Inc. faces a crisis due to AI, with revenues down 24% YOY. The online tutoring platform has promising AI tools, but generative AI and Google AIO are reducing the need for Chegg's subscription services, impacting traffic and revenue. Chegg's financials are deteriorating, with a significant decline in subscribers and revenue, and potential cash burn if the trend continues.

Chegg has filed a federal antitrust lawsuit against Google – alleging that the company's use of AI-generated summaries in search engine results has crushed its website traffic and revenue.

Chegg is in crisis mode. The online education platform says its website traffic has plummeted since Google launched its AI-powered Overviews tool.