Why Chegg (CHGG) Shares Are Getting Obliterated Today [Yahoo! Finance]
Chegg, Inc. (CHGG)
Last chegg, inc. earnings: 2/10 04:05 pm
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investor.chegg.com/overview/default.aspx
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Source: Yahoo! Finance
Shares of online study and academic help platform Chegg (NYSE:CHGG) fell 32.1% in the morning session after the company reported weak fourth-quarter 2024 results, as both its number of users and services subscribers fell short of Wall Street's estimates, which is never a good look. Revenue plunged 24%, with subscription sales down 23%, highlighting the struggle to keep and attract customers. Despite aggressive cost-cutting, adjusted EBITDA dropped 45% year-on-year. The swing from a profit last year to a $6.1 million net loss this quarter adds to the concerns. Management pointed to Google's AI Overviews feature as a major issue, saying it's pulling traffic away from Chegg and hurting sales. The company now plans to take legal action. And the outlook for Q1 2025? Not great, as lower-than-expected sales and EBITDA guidance suggest the pain isn't over yet. Overall, this quarter was mediocre, and with the market fearing that this company is toast due to AI, a big move makes sense.
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News
- Here are 5 School Stocks to Buy Before Moving Into 2026 [Yahoo! Finance]Yahoo! Finance
- Why Is Chegg (CHGG) Stock Rocketing Higher Today [Yahoo! Finance]Yahoo! Finance
- Chegg (CHGG) Stock Trades Down, Here Is Why [Yahoo! Finance]Yahoo! Finance
- Silicon Valley parents spent $2,000 to start a side hustle in their basement—now it brings in over $295,000 a year [CNBC]CNBC
- Chegg (NYSE:CHGG) was upgraded by analysts at Zacks Research from a "hold" rating to a "strong-buy" rating.MarketBeat
CHGG
Earnings
- 11/10/25 - Beat
CHGG
Sec Filings
- 11/20/25 - Form 8-K
- 11/19/25 - Form 4
- 11/19/25 - Form 4
- CHGG's page on the SEC website