Chegg(CHGG)

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Chegg(CHGG) - 2025 FY - Earnings Call Transcript
2025-06-05 01:00
分组1 - 公司2025财年年度股东大会于6月4日下午12点举行 [1] - 感谢Melanie Whalen和Jed York在董事会的服务,他们的任期于本次年会结束 [1][4] - 介绍了出席会议的人员,包括董事会成员、独立注册会计师事务所代表、外部法律顾问、选举监察员以及高管团队成员 [1][2][3] 分组2 - 会议先进行股东正式年会,之后回答通过网络门户提交的问题 [3] - 报告了会议通知、出席情况和法定人数,已向截至4月7日的在册股东邮寄通知、最终委托书声明和委托卡,选举监察员确认有足够股份构成法定人数 [5][6] - 介绍了待股东投票的提案,包括选举一名Class III董事至2028年股东大会、非约束性咨询批准2024年高管薪酬、批准任命德勤为2025财年独立注册会计师事务所、批准修订2023年股权奖励计划以增加可发行普通股数量,董事会均建议投票赞成 [7][8][9] - 投票结束,初步结果显示股东已选举Class III董事提名人、非约束性咨询批准高管薪酬、批准任命德勤、批准修订股权奖励计划,最终结果将在选举监察员报告和会议记录中公布,并在四个工作日内向美国证券交易委员会提交8 - K表格报告 [12][13] 问答环节所有提问和回答 问题: 无 - 无相关提问,会议结束 [15]
Chegg(CHGG) - 2025 Q1 - Quarterly Report
2025-05-13 04:02
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 March 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 CHEGG, INC. (Exact name of registrant as specified in its charter) Delaware 20-3237489 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) Fo ...
Homework tool Chegg to slash 22% of workforce as AI bots steal away students
New York Post· 2025-05-13 02:39
Chegg on Monday announced plans to slash 22% of its workforce as artificial intelligence bots steal students away from its study and homework help tools.The online platform, which offers textbook rentals and step-by-step homework tutorials, said it has been struggling as Google’s AI Overviews squash web traffic, and firms like OpenAI and Anthropic offer discounts and deals to college students on their language models. “We believe the macroeconomic trends will continue to put pressure on our company and busi ...
Chegg (CHGG) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKS· 2025-05-12 22:30
For the quarter ended March 2025, Chegg (CHGG) reported revenue of $121.39 million, down 30.4% over the same period last year. EPS came in at -$0.06, compared to $0.26 in the year-ago quarter.The reported revenue represents a surprise of +6.03% over the Zacks Consensus Estimate of $114.49 million. With the consensus EPS estimate being -$0.01, the EPS surprise was -500.00%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine th ...
Chegg(CHGG) - 2025 Q1 - Earnings Call Transcript
2025-05-12 21:02
Chegg (CHGG) Q1 2025 Earnings Call May 12, 2025 08:00 AM ET Company Participants Tracey Ford - Vice President-Investor RelationsNathan Schultz - President & CEODavid Longo - CFO Conference Call Participants Ryan Macdonald - Senior Analyst Operator Greetings, and welcome to the Chegg First Quarter twenty twenty five Earnings Call. At this time, all participants are in a listen only mode. A question and answer session will follow the formal presentation. As a reminder, this conference is being recorded. I'd n ...
Chegg(CHGG) - 2025 Q1 - Earnings Call Transcript
2025-05-12 21:00
Chegg (CHGG) Q1 2025 Earnings Call May 12, 2025 08:00 AM ET Speaker0 Greetings, and welcome to the Chegg First Quarter twenty twenty five Earnings Call. At this time, all participants are in a listen only mode. A question and answer session will follow the formal presentation. As a reminder, this conference is being recorded. I'd now like to turn the conference over to your host, Tracy Ford, Vice President, Investor Relations for Chegg. Thank you. You may begin. Speaker1 Good morning. Thank you for joining ...
Chegg(CHGG) - 2025 Q1 - Earnings Call Presentation
2025-05-12 19:36
业绩总结 - 第一季度总收入为121,387千美元,同比下降30%[15] - 第一季度自由现金流约为16百万美元[11] - 第一季度全球订阅服务收入为107,566千美元,同比下降30%[15] - 第一季度调整后的EBITDA为1900万美元,预计第二季度将为1600万至1700万美元[66] - 第一季度毛利率为56%,预计第二季度将提升至64%-65%[66] - 目前公司拥有320万订阅用户,同比下降31%[56] 用户数据 - 第一季度Chegg Study/Pack订阅用户同比下降37%至2,295千人[15] - 国际市场的Chegg Study/Pack收入同比下降47%至6,657千美元[15] - Chegg Study/Pack的平均收入每用户(ARPU)为37.7美元,同比上升6%[15] - 第一季度总提问数为2,384千次,同比下降73%[15] 成本节省与未来展望 - 预计2025年将实现4500万至5500万美元的成本节省,2026年将实现1亿至1.1亿美元的全年节省[12] - 语言学习服务Busuu预计2025年收入为4800万美元,并在2026年实现调整后EBITDA正值[11] 新产品与技术研发 - 公司在第一季度执行了两项内容许可交易,第一季度产生了400万美元的收入,预计第二季度将增加700万美元[14][56] 资本支出与现金流 - 第一季度资本支出为900万美元,同比下降69%[62] - 目前现金和投资总额为1.26亿美元,净现金余额为6400万美元[65] - 2025年第一季度经营活动提供的净现金为24,526百万美元,较2024年同期的53,318百万美元下降了54.0%[77] - 2025年第一季度的资本支出为8,665百万美元,较2024年同期的28,017百万美元下降了69.0%[77] - 2025年第一季度的自由现金流为15,861百万美元,较2024年同期的25,301百万美元下降了37.3%[77] 负面信息 - 第一季度自由现金流为1580万美元,尽管因重组支出约800万美元[59]
Chegg(CHGG) - 2025 Q1 - Quarterly Results
2025-05-12 19:35
EXHIBIT 99.01 Chegg Reports 2025 First Quarter Earnings Makes progress on strategic alternatives process and initiates additional restructuring of the business SANTA CLARA, Calif., May 12, 2025 /BUSINESS WIRE/ -- Chegg, Inc. (NYSE:CHGG), the leading student-first connected learning platform, today reported financial results for the three months ended March 31, 2025. "In Q1, we exceeded our revenue and adjusted EBITDA expectations, delivered $16 million of free cash flow and continued to diversify our revenu ...
Unlocking Q1 Potential of Chegg (CHGG): Exploring Wall Street Estimates for Key Metrics
ZACKS· 2025-05-08 22:21
Wall Street analysts expect Chegg (CHGG) to post quarterly loss of $0.01 per share in its upcoming report, which indicates a year-over-year decline of 103.9%. Revenues are expected to be $114.49 million, down 34.3% from the year-ago quarter.The consensus EPS estimate for the quarter has been revised 12.5% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Before a company announces it ...
Down 69% in 2025, This Disrupted Business Is One to to Avoid
The Motley Fool· 2025-04-18 23:34
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool recommends Chegg. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...