Chegg Q1 2023 Earnings Report

Chegg EPS Results

• Actual EPS: $0.03
• Consensus EPS: $0.04
• Beat/Miss: Missed by -$0.01
• One Year Ago EPS: N/A

Chegg Revenue Results

• Actual Revenue: $187.60 million
• Expected Revenue: $185.25 million
• Beat/Miss: Beat by +$2.35 million
• YoY Revenue Growth: N/A

Chegg Announcement Details

• Quarter: Q1 2023
• Date: 5/1/2023
• Time: N/A

Chegg (NYSE:CHGG) operates a direct-to-student learning platform that helps learners build essential life and job skills to accelerate their path from learning programs in the United States and internationally. Its subscription services include Chegg Study, which offers personalized step-by-step learning support from AI, computational engines, and subject matter experts, as well as Tinger Gold and DashPash Student services; Chegg Writing that provides students with a suite of tools, such as plagiarism detection scans, grammar and writing fluency checking, expert personalized writing feedback, and premium citation generation; Chegg Math, a step-by-step math problem solver and calculator that helps students to solve problems; Chegg Study Pack, a bundle of various subscription product offerings, including Chegg Study, Chegg Writing, and Chegg Math services; and Busuu, an online language learning platform that offers comprehensive support through self-paced lessons, live classes with expert tutors, and a community of members to practice alongside. The company also provides a skills-based learning platform to learn technical skills comprising AI, coding, data analytics, and cybersecurity, as well as competencies consisting of emotional intelligence, mindset, emerging leadership, and decision making. In addition, it rents and sells print textbooks and eTextbooks; and offers advertising services. The company serves students and companies through direct marketing channels and social media. Chegg, Inc. was incorporated in 2005 and is headquartered in Santa Clara, California.