Chegg reports Q4 adjusted EPS 17c, consensus 17c

Reports Q4 revenue $143.5M, consensus $142.05M. “We made two important and connected decisions to maximize the future of our business and shareholder value. We are launching a strategic review process and filed a complaint against Google, which has unjustly retained traffic that has historically come to Chegg (CHGG), impacting our acquisitions, revenue and employees,” said Nathan Schultz, CEO of Chegg. “As we look to stabilize Chegg’s business in 2025, we have a strong and trusted brand, millions of global subscribers, a large market opportunity, and amazing employees. Our superior product for education is verticalized, personalized, and built on a deep understanding of modern students, and we believe this year will be a turning point for Chegg.”