Palantir (NYSE:PLTR) is enjoying a moment in the spotlight as five consecutive profitable quarters point to a strong and fruitful future ahead, especially compared to many other floundering artificial intelligence (AI) stocks. Underperformance is a major problem with AI investing today. Many companies are using buzzwords or throwing an OpenAI ChatGPT wrapper onto a poorly planned product and calling it “innovation.”That’s why finding the next Palantir among AI stocks is a tricky proposition. But using Palan ...

SANTA CLARA, Calif.--(BUSINESS WIRE)--Chegg, Inc. (NYSE: CHGG), today announced that it has partnered with esteemed non-profits and organizations from around the world for Global Student Mental Health Week 2024, taking place from February 26 to March 3. In its second year, Student Mental Health Week will have a special focus on tackling student loneliness. The World Health Organization has deemed social isolation an issue and a global health priority, and warned of the impact of loneliness on well-being. Th ...

There are some doomed tech stocks to sell amid the broader indices, like the Nasdaq, heading lower. These companies face a myriad of challenges that make them risky investments.Investors need to reevaluate their portfolios and identify companies with fundamental issues that may not weather the storm of what could be a dicey bear market sometime in the middle of this year.So, here are some doomed tech stocks that investors should consider removing from their portfolios.Snap (SNAP)Source: BigTunaOnline / Shut ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

Financial Data and Key Metrics Changes - In Q4, total revenue reached $188 million, exceeding the high end of guidance, with adjusted EBITDA of $66 million [14][13] - Subscription services revenue declined by 6% year-over-year to $166 million, driven by a decrease in subscribers, partially offset by an increase in retention [14][15] - Free cash flow margin was 24%, representing 78% of adjusted EBITDA, with a free cash flow of $173 million [42] Business Line Data and Key Metrics Changes - Skills and other revenue declined by 20% year-over-year to $76 million, although skills revenue grew by 55%, offset by exiting the textbook business [42] - Chegg Study Pack, a higher-priced subscription, saw an increase in take rate, contributing positively to revenue despite overall subscription decline [10][14] Market Data and Key Metrics Changes - New customer growth outside the U.S. was observed for the first time in two years, with more users opting for the Chegg Study Pack [10] - Promotional pricing tests are being conducted in the U.S. following successful international results, indicating a strategic shift to regain market share [10][20] Company Strategy and Development Direction - The company is focused on leveraging AI to enhance user experience, with plans to roll out new AI services and promotional pricing to drive growth [11][39] - Chegg aims to expand its offerings to non-English-speaking users and enhance its skills programs, anticipating a reduction in launch times for new skills by 40% [39][11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in returning to growth, citing strong profitability and cash flows despite challenges faced in the past year [15][16] - The transition from AI as a headwind to a tailwind is expected to facilitate growth, with a focus on rebuilding the customer base and improving retention [70][94] Other Important Information - David Longo has been appointed as the new Chief Financial Officer, effective February 21, succeeding Andy Brown [7] - The company has reduced its shares outstanding by 90% compared to 2022, indicating a commitment to returning value to shareholders [43] Q&A Session Summary Question: Can you confirm the rollout of the new product experience? - The new product experience is set to roll out in Q1, which is expected to improve retention and conversion rates [18] Question: What drove the inflection back to growth internationally? - The growth was driven by promotional pricing and a new product experience, leading to increased traffic and conversion rates [24][25] Question: How long will the promotional pricing last? - Promotional pricing is currently being tested and will continue as long as it proves effective; it is only for new accounts [30][74] Question: What is the trajectory of revenue per subscriber? - The company expects to see improvements in revenue per subscriber as promotional pricing and new product offerings are rolled out [76][80] Question: How is the automated answering impacting costs? - The cost of answering questions has decreased by 75% due to automated answers, which is expected to lead to margin expansion [63][85] Question: What are the growth priorities for 2024? - The focus will be on returning to new account growth globally, maintaining strong margins, and rolling out enhanced AI services [11][90]

For the quarter ended December 2023, Chegg (CHGG) reported revenue of $187.99 million, down 8.4% over the same period last year. EPS came in at $0.36, compared to $0.40 in the year-ago quarter.The reported revenue represents a surprise of +1.01% over the Zacks Consensus Estimate of $186.12 million. With the consensus EPS estimate being $0.35, the EPS surprise was +2.86%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine thei ...

@ 2024 Chegg, Inc. / All Rights Reserved Q4-23 Investor Presentation Chegg Safe Harbor Statement 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 stateme ...

Shares of the education-technology platform Chegg Inc. CHGG tumbled 9.7% after hours on Monday after the company forecast first-quarter sales that were below expectations and said it was “too early to predict when we will return to revenue and margin growth.” The company said it expected first-quarter sales of between $173 million and $175 million, below FactSet estimates of $180.1 million. The company, whose technology is intended to help students study, is investing in developing an AI assistant, after e ...

SANTA CLARA, Calif.--(BUSINESS WIRE)--Chegg, Inc. (NYSE: CHGG), the leading student-first connected learning platform, today announced the appointment of David Longo as Chief Financial Officer, effective February 21. Mr. Longo currently serves as Vice President, Chief Accounting Officer, Corporate Controller, and Assistant Treasurer at Chegg. He will succeed Andrew Brown, who announced his retirement in the fall of last year, after more than 12 years at Chegg. “ David is the perfect candidate to take on t ...

Shares of Chegg (CHGG -2.19%) fell as much as 11.5% early Friday, then settled to close down 2.19% after a Goldman Sachs analyst downgraded shares of the online education platform.Goldman thinks AI will be a headwind for CheggIn a note to clients this morning, Goldman analyst Eric Sheridan lowered his rating on Chegg to sell from neutral, and also reduced his per-share price target on the stock to $8 from $10. To justify his relative bearishness, Sheridan said he's reducing his revenue estimates for Chegg g ...