Chegg Earnings: Big Quarter Sends Shares Higher

Core Insights - Chegg has successfully narrowed its net loss by over 80%, indicating effective cost-cutting measures that have stabilized operations despite ongoing revenue decline [1] Financial Performance - The company reported a significant reduction in net loss, achieving over 80% improvement [1] - Revenue continues to decline, suggesting challenges in maintaining sales growth [1] Operational Strategy - Cost-cutting initiatives have played a crucial role in stabilizing the company's operations [1]