Chegg, Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year of 2022
November 01, 2022 at 04:05 pm EDT
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Chegg, Inc. provided earnings guidance for the fourth quarter and full year of 2022. For the quarter, the company expected to report the total net revenue to be between $200 and $203 million.
For the year, the company expected to report total net revenue to be between $762 and $765 million.
Chegg, Inc. provides a student-first connected learning platform. The Company is combining generative artificial intelligence (AI) and human capabilities to provide a personalized learning assistant to be included in its Chegg Study offering. Its service and product offerings fall into two categories: Subscription Services, which encompasses its Chegg Study Pack, Chegg Study, Chegg Writing, Chegg Math, and Busuu offerings that can be accessed internationally through its websites and on mobile devices, and Skills and Other, which encompasses its Chegg Skills, advertising services, print textbooks and eTextbooks offerings. Chegg Study subscribers have access to personalized, step-by-step learning support powered by AI, computational engines and subject matter experts. Chegg Study Pack is a premium subscription bundle that includes all of the benefits of Chegg Study, as well as Chegg Writing and Chegg Math. Chegg Skills offers programs on technical skills, including AI and data analytics.
CHEGG, INC. 
