J Studios Investment overview I wrote about Chegg Inc. (NYSE:CHGG) previously (14th May 2024) with a hold rating as I wanted to see evidence that CHGG is able to grow its subscribers and that growth can inflect upwards. I remain hold-rated for CHGG as there are still no major signs of improvement that convince me that growth can accelerate from here. 2Q24 earnings (announced on 5th August) It was a very disappointing set of 2Q24 results. Total revenue saw $163.1 million, which was an acceleration in y/y dec ...

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Chegg (NYSE:CHGG) stock is falling hard on Tuesday after the direct-to-student learning platform company released its latest earnings report. In the second quarter of 2024, Chegg released an updated guidance for the third quarter of the year. This has it expecting revenue for the quarter to range from $133 million to $135 million. Investors aren't happy about that when comparing it to Wall Street's estimate of $143.05 million. Here's what Chegg Chief Financial Officer David Longo said about this guidance. " ...

ATLANTA, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Holzer & Holzer, LLC is investigating whether Chegg, Inc. ("Chegg" or the "Company") (NYSE: CHGG) complied with federal securities laws. On August 5, 2024, Chegg reported financial results for the three months ended June 30, 2024, and announced the Company was taking "$481.5 million of non-cash impairment charges." Following this news, the price of the Company's stock dropped. If you purchased Chegg stock and suffered a loss on that investment, you are encouraged t ...

Chegg, Inc. (NYSE:CHGG) Q2 2024 Earnings Conference Call August 5, 2024 4:30 PM ET Company Participants Tracey Ford - VP, IR and ESG Nathan Schultz - President and CEO David Longo - CFO Conference Call Participants Bryan Smilek - JPMorgan Eric Sheridan - Goldman Sachs Josh Baer - Morgan Stanley Ryan MacDonald - Needham & Company Devin Au - KeyBanc Capital Markets Operator Greetings, and welcome to Chegg, Inc. Second Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only m ...

Q2-24 Investor Presentation August 5, 2024 Chegg Safe Harbor Statement Forward-Looking Statements This presentation contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statem ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission file number 001-36180 CHEGG, INC. (Exact name of registrant as specified in its charter) Delaware 20-3237489 (State or other ...

EXHIBIT 99.01 Chegg Reports 2024 Second Quarter Earnings SANTA CLARA, Calif., August 5, 2024 /BUSINESS WIRE/ -- Chegg, Inc. (NYSE:CHGG), the leading student-first connected learning platform, today reported financial results for the three months ended June 30, 2024. "Q2 has been transformational for Chegg, completing our restructure, outlining an exciting vision for the future, and completing the rollout of conversational instruction capability and automated solutions just in time for the back-to-school sea ...

Chegg (CHGG 10.88%) stock is making big gains in Tuesday's trading. The company's share price was up 12.8% as of 11:30 a.m. ET, according to data from S&P Global Market Intelligence. Has Chegg stock hit a bottom? With the stock trading at $3.65 per share as of this writing, the new target actually suggests downside of roughly 11%. Even with today's gains, Chegg is down roughly 68% year to date. Will Chegg keep getting crushed by AI? Rather than paying for Chegg's premium offerings or even providing platform ...

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