Chegg's Stock Price Drops 27% As ChatGPT And Free AI Tools Send Stock Plummeting [Yahoo! Finance]
Chegg, Inc. (CHGG)
Last chegg, inc. earnings: 2/10 04:05 pm
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US:NYSE Investor Relations:
investor.chegg.com/overview/default.aspx
Company Research
Source: Yahoo! Finance
The latest earnings report reflects a concerning trend for Chegg, with Quarter 1 revenue down 7% year-over-year and Subscription Service Revenue down 9% year-over-year. Projections for the current quarter indicate further declines in total net revenue, gross margins and profits. Despite incorporating AI features and enhancements into their products, Chegg struggles to compete with OpenAI's ChatGPT and other freely available AI tools. Don't Miss: This Uber-for-moving startup is quietly taking the world by storm, here's how anyone can invest for a limited time Invest in time-tested solution that aims to solve this $600 billion women's health problem at 80 cents per share "We've embraced AI and have completely rebuilt our user experience and services, rolling out a multi-year product-led growth plan to emerge from the post-COVID period and return to revenue and profit growth. The transition will take time, but we are already seeing encouraging signs of how our new AI-enabled p
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CHGG
News
- Chegg Strengthens its Academic Advisory Board in UK and Australia, Launches New Student Advisory Council [Yahoo! Finance]Yahoo! Finance
- Chegg Reports New Hire Equity Grants Under NYSE Rule 303A.08Business Wire
- Chegg Strengthens its Academic Advisory Board in UK and Australia, Launches New Student Advisory CouncilBusiness Wire
- Opus Partners with New Relic to Enhance Secure Developer Experience [Yahoo! Finance]Yahoo! Finance
- New Relic Launches Secure Developer Alliance to Scale Security Observability [Yahoo! Finance]Yahoo! Finance
CHGG
Earnings
- 4/29/24 - Beat
CHGG
Sec Filings
- 4/29/24 - Form 10-Q
- 4/29/24 - Form DEFA14A
- 4/29/24 - Form 8-K
- CHGG's page on the SEC website