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Chegg Inc (CHGG)
:CHGG
Earnings Data
Report Date
May 05, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.01Last Year’s EPS
0.26Same Quarter Last Year
Moderate Sell
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 24, 2025
|% Change Since: -30.13%
|Next Earnings Date:May 05, 2025
Earnings Call Sentiment|Negative
The earnings call reflected a mixed sentiment. While Chegg showcased significant advancements in AI integration, enterprise growth, and marketing strategies, these were overshadowed by considerable declines in revenue and subscriber numbers, largely attributed to Google's AI Overview impacting traffic. The company's strategic review process and legal action against Google highlight the seriousness of the challenges faced.Company Guidance
During Chegg, Inc.'s Fourth Quarter 2024 Earnings Conference Call, the company provided detailed guidance metrics for the upcoming quarter and year. Chegg reported a total revenue of $143.5 million for Q4 2024, a 24% year-over-year decrease, with subscription services contributing $128.5 million, down 23%. The company had 3.6 million subscribers, a decline of 21%, and subscription services ARPU fell by 3% year-over-year. For the first quarter of 2025, Chegg expects total revenue between $114 million and $116 million, with subscription services revenue ranging from $104 million to $106 million. They anticipate a gross margin of 66-67% and an adjusted EBITDA between $13 million and $14 million. Despite challenges such as a drop in nonsubscriber traffic and revenue impact from Google's AI Overviews, Chegg remains focused on stabilizing business trends and achieving 2025 non-GAAP savings of $100 million to $120 million through restructuring activities.AI and Machine Learning Integration
Chegg successfully integrated AI and machine learning into its product stack, reducing content creation costs by more than 70% while maintaining high quality.
Busuu Revenue Growth
The language learning service Busuu experienced a 9% year-over-year revenue growth for 2024, with a 46% increase in enterprise revenue.
Satisfaction Guarantee Implementation
Chegg implemented a Satisfaction Guarantee for its content, showing confidence in its quality and maintaining high standards.
Innovative Marketing Campaign
A brand marketing campaign on TikTok resulted in a 16% increase in awareness among underclassmen, improving click-through and conversion rates.
Enterprise Strategy Expansion
The enterprise part of Chegg's business is performing well, with a plan to expand business-to-institution programs and other enterprise offerings.
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CHGG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CHGG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 24, 2025 | $1.56 | $1.07 | -31.41% |
| Nov 12, 2024 | $1.77 | $1.58 | -10.73% |
| Aug 05, 2024 | $2.93 | $2.28 | -22.18% |
| Apr 29, 2024 | $7.17 | $5.17 | -27.89% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Chegg Inc (CHGG) report earnings?
Chegg Inc (CHGG) is schdueled to report earning on May 05, 2025, TBA Not Confirmed.
What is Chegg Inc (CHGG) earnings time?
Chegg Inc (CHGG) earnings time is at May 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CHGG EPS forecast?
CHGG EPS forecast for the fiscal quarter 2025 (Q1) is 0.01.
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