Chegg Reports First Quarter 2021 Financial Results and Raises Full Year Guidance
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
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Source: Business Wire
Total Revenue Increased 51% Year-Over-Year SANTA CLARA, Calif.--(BUSINESS WIRE)--Chegg, Inc. (NYSE:CHGG), a Smarter Way to Student®, today reported financial results for the three months ended March 31, 2021.“We are in a unique position to impact the future of the higher education ecosystem,” said Dan Rosensweig, CEO & President of Chegg, Inc., “Our strong brand and momentum will allow us to continue to grow and take advantage of the ever-expanding opportunities in the learner economy.”Q1 2021 Highlights:Total Net Revenues of $198.4 million, an increase of 51% year-over-yearChegg Services Revenues grew 62% year-over-year to $162.4 million, or 82% of total net revenues, compared to 76% in Q1 2020Net Loss was $65.2 million which included a $78.2 million loss on early extinguishment of debt related to 2025 notesNon-GAAP Net Income was $46.4 millionAdjusted EBITDA was $57.1 million4.8 million: number of Chegg Services subscribers, an increase of 64% year-over-year356 million: total Che
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News
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CHGG
Earnings
- 2/5/24 - Beat
CHGG
Sec Filings
- 4/19/24 - Form ARS
- 4/19/24 - Form DEF
- 4/19/24 - Form DEFA14A
- CHGG's page on the SEC website