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Chegg (CHGG) Q3 Earnings Report Preview: What To Look For
Yahoo Financeยท 2025-11-09 03:02
Core Insights - Chegg is set to announce its earnings results, with analysts expecting a significant revenue decline of 44.2% year on year to $76.28 million, following a previous quarter where it reported revenues of $105.1 million, down 35.6% year on year [1][2] Revenue Performance - Last quarter, Chegg exceeded analysts' revenue expectations by 3.8%, reporting revenues of $105.1 million, despite a year-on-year decline of 35.6% [1] - Analysts have generally reconfirmed their estimates for Chegg over the last 30 days, indicating a stable outlook heading into earnings, with the company having only missed Wall Street's revenue estimates once in the past two years [3] User Metrics - Chegg reported 2.62 million users, reflecting a significant decline of 39.9% year on year, alongside a notable miss in the number of services subscribers [1] Peer Comparison - In the consumer subscription segment, peers like Roku and Duolingo have shown contrasting performance, with Roku achieving a year-on-year revenue growth of 14% and Duolingo reporting a 41.1% increase, indicating a mixed environment for subscription services [4] Market Context - The consumer subscription stocks have generally underperformed, with an average decline of 3.6% over the last month, while Chegg's stock has dropped 28.7% during the same period [5]